• Ottawa office vacancy rate continues its steady decline dropping 50 bps to 7.0% this quarter, its lowest vacancy since Q3 2011.

• The CBD absorbed 98,582 sq. ft. of space in Q2 2019 leaving 6.7% of vacant space in the downtown core.

• Kanata experienced the largest decline in vacancy across all submarkets, dropping 120 bps from 8.1% to 6.9% quarter-over-quarter.

• 800 Palladium has been fully pre-leased and is expected to be completed by March 2020, adding approximately 91,200 sq. ft. to the office inventory.

• Zibi secured its first major deal: a 15-year lease agreement to supply office space to the federal government.