Struggling to fill office space, east Ottawa landlords await LRT completion
Metro News

By Ottawa Business Journal, Ottawa Metro News, October 18, 2016

Office vacancy rates east of the Rideau River could drop as the completion date of Ottawa’s Confederation LRT Line draws closer, according to a local commercial real estate services firm.

The Ottawa East submarket contains slightly less than 10 per cent of the city’s supply of office space and has historically posted some of the area’s highest vacancy rates.

In a report released Monday, the Ottawa office of Colliers International said the area had a challenging third quarter as the vacancy rate rose from 13.6 per cent at mid-year to 15.2 per cent at the end of September.

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