Ottawa’s Commercial Real Estate Industry Expected to Grow in 2017

Published: June 8, 2017 By: McIntosh Perry

According to CBRE Ottawa, the year of 2017 is expected to be one of the largest ones in history for the commercial industry in the city, with a predicted $1.4 billion in transactions. In the past 18 months, commercial real estate in Ottawa has experienced more activity than in the last five years combined. With the growing prices in other major cities such as Toronto and Vancouver, Ottawa has become a prime location for commercial real estate, as it provides cheap and available office space. Thanks to the improving downtown cultural scene, the five post-secondary institutions creating new talent and the growing transit and infrastructure, Ottawa has extreme potential to become the next big successful tech hub, with attractive office spaces that can help with collaboration and a sense of community.

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