Cushman & WakefieldReport
Ottawa Office MarketBeat Q1 2026
Ottawa's office market in Q1 2026 experienced rising vacancy to 13.3%, its highest level since Q4 2024, driven by significant job losses of 30,500 in the prior year and challenging economic conditions in the federal services sector. Despite increased vacancy, leasing activity rebounded to 305,000 square feet in Q1 2026, while overall average direct net asking rent decreased slightly to $17.72 per square foot.
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Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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