Real Strategy Market Outlook: Q4 2019
The final quarter of 2019 in Ottawa’s office market saw a slight rise in overall office availability, as over 180K SF of primarily surplus government space came back into the marketplace. In the 12 months since Q4 2018, greater Ottawa’s office availability fell 0.6% to 8.9%. If there was a theme for 2019, it was marked by high demand by our local high tech sector, especially in Kanata. Looking forward to 2020, Real Strategy expects demand for quality office space to be very strong.
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