Latest News for: Ottawa leasing

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Former Telesat HQ in Gloucester to be converted to housing

Ottawa Business Journal 25 Apr 2024
... cost millions of dollars a year to maintain “in an office market that’s not conducive to leasing,” said Michael Church, managing director of Avison Young’s Ottawa office, which helped broker the deal.
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Feds aiming to speed up sale of surplus office properties, top bureaucrat tells summit

Ottawa Business Journal 23 Apr 2024
Public Services and Procurement Canada, which owns or leases more than 30 million square feet of office space in Ottawa-Gatineau, plans to reduce its office footprint by up to 50 per cent over the ...
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‘It’s been a fun career’: Michael Church leaving top job at Avison Young

Ottawa Business Journal 18 Apr 2024
Some of his favourites include helping to lease Telus’s Ottawa head office at the corner of Bank and Slater streets and finding a home for television station CHRO’s studio in the ByWard Market, a building now occupied by CTV Ottawa.
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Here's more about Ottawa's plan to turn post offices, historic armouries into housing

Moosejaw Today 18 Apr 2024
OTTAWA — A 1970s ...The National Defence Medical Centre, Ottawa ... Ottawa also plans to "urgently" lease public lands in Calgary, Ottawa, Edmonton, Toronto and Montreal, where 800 homes can be built.
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Canada's Budget 2024 extends the life of EV rebates

Toronto Sun 17 Apr 2024
Launched in 2019, the program provides rebates of up to $5,000 on the purchase or lease of an eligible passenger vehicle ... Under the federal rebate program, only new vehicles purchased or leased are eligible (some provinces include used EVs as well).
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Canada’s Budget 2024 extends the life of EV rebates

Driving 17 Apr 2024
Launched in 2019, the program provides rebates of up to $5,000 on the purchase or lease of an eligible passenger vehicle ... Under the federal rebate program, only new vehicles purchased or leased are eligible (some provinces include used EVs as well).
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Developers, advocates hope new land leasing strategy will boost home builds

CBC 14 Apr 2024
Some advocates and developers in Ottawa are hopeful a new strategy to lease underused government-owned land for new builds could help tackle the city’s housing crisis ... .
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Colliers’ office leasing transactions ‘back to levels of 2019,’ exec tells industry insiders

Ottawa Business Journal 10 Apr 2024
Warren Wilkinson, Colliers’ senior managing director in Ottawa, said this week the firm has already brokered 23 office lease transactions so far in 2024 and expects to top 80 before the year is out.
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Why Ottawa’s office vacancy rate might not be quite what it seems

Ottawa Business Journal 03 Apr 2024
Ottawa’s office vacancy rate dipped slightly in the first quarter as leasing activity picked up in the Kanata tech hub and a pair of downtown properties were taken off the market with the aim of being converted to residential space.
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$125M acquisition of Queen Street office tower a ‘sound investment,’ PSPC says

Ottawa Business Journal 14 Mar 2024
Since then, its only tenants have been the CBC, which leases the first three floors of the building for its national headquarters and Ottawa production centre, and the House of Commons, which occupies the remaining floors.
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City’s industrial availability rate to hit 4.4% in 2024 as new inventory floods market: CBRE

Ottawa Business Journal 11 Mar 2024
Eric Whittington, a sales representative at ColliersOttawa office who specializes in leasing industrial space, says many small-bay tenants are testing the open market, only to renew leases at ...
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Consumer spending in National Capital Region expected to drop in 2024, new reports say

Ottawa Business Journal 05 Mar 2024
“We’ve seen no (new construction) of significance over the last four or five years,” explained Jamie Boyce, an Ottawa-based senior vice-president at CBRE who specializes in retail leasing.
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Ottawa’s downtown office vacancy rate to hit 15% in 2024, CBRE predicts

Ottawa Business Journal 28 Feb 2024
Critical Ottawa business news and analysis updated daily ... The result has been reduced demand for space, with more tenants renewing leases with smaller footprints, said Louis Karam, managing director of CBRE’s Ottawa office.
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Ottawa’s retail vacancy rate hits new low as population grows, development slows: report

Ottawa Business Journal 02 Feb 2024
Candice Lerner-Fry, vice-president of leasing at Marcus & Millichap’s Ottawa office, said skyrocketing labour and material costs since the pandemic have scuttled potential retail ...
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‘Pontiac Project’ advances

The Oakland Press 25 Jan 2024
The county also assumed the Phoenix Center parking garage lease, which includes an amphitheater on the top deck ... For now, the county is leasing the building from the city ... Oakland County offers to buy Ottawa Towers, lease Phoenix Center Local News ..
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