The commercial rental market in this city is set to change

Rental market in Canada

The rental market in Canada’s capital is set for a shake-up, according to a new report that shows the office market is beginning to show some signs of recovery.

“We believe that now is a good time for tenants to relocate because the current low net effective leasing rates will likely shrink over the next 12 to 24 months, as the market continues to recover and vacancies drop,” said Kelvin Holmes, managing director, Ottawa Brokerage, for Colliers, which released the report.


“The Ottawa office market continued to be tenant driven in Q1-2015 with tenants taking advantage of low rental rates and high incentives offered by landlords.”


(Source: canadianrealestatemagazine.ca )