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MARKOPOLISon Sep 04, 2023 8:31am
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Vacancy rates in downtown Ottawa hit all-time high
Vacancy rates in downtown Ottawa hit all-time high Take The Globe’s business and investing news quiz
Vacancy rates in downtown Ottawa hit all-time high as public service employees continue to work from home
Ottawa’s downtown core is seeing record-high vacancy rates, and real estate insiders say the federal government’s work-from-home policy is the culprit, reports Adam Stanley. The federal government is Ottawa’s largest employer, with more than 113,000 people working in the city, but many of them are still working remotely. In an effort to revitalize the downtown area, commercial real estate veterans are calling for the government to require its employees to return to the office.