Ottawa — Like Calgary, the Ottawa
office market saw a rise in
vacancy rate over the past 12 months from 5.60 per cent to 6.30 per cent and stable rents of $ 17.23 per sq. ft.. Yet the market is expected to remain solid thanks to the stabilizing presence of the federal government, although a slight increase in
vacancies is expected to occur due primarily to new supply and some space - juggling
before it is absorbed relatively quickly both by the private and public sectors.