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Ottawa Office Market Report Q1 2022

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research article

Two years since the COVID-19 pandemic began, the impact on the Ottawa office market has not been as dire as some may have predicted. Ottawa’s market fundamentals have been stable over the past year, and Ottawa has had one of the lowest vacancy rates in Canada due to its diversified office market.

  • Vacancy increased by 21 basis points (bps) to 9.8%, while the availability rate decreased by 49 bps to 11.7% in Q1 2022.
  • Overall available sublet space decreased by 46,402 square feet in Q1 2022 and now makes up only 13% of all available space compared to 17% one year ago. 
  • Net asking rental rates increased by 1.2%, to $16.88 per square foot this quarter, due to rising rents for available space in the suburban markets of Ottawa East, South, and Kanata. 
  • Ottawa’s resilient office market has attracted new investors, which has resulted in a flurry of office sales in the past two quarters in the downtown and suburban markets.

Ottawa Office Market Report Q1 2022

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Pour plus d’informations, veuillez contacter:

Warren Wilkinson

Managing Director, Sales Representative


Company Experience


Warren joined Colliers International in January of 2005 after three years in the Commercial Real Estate business. Equipped with experience in research and marketing, Warren obtained his Real Estate license in 2003, and has been concentrating his efforts on establishing a strong clientele basis while gaining knowledgeable experience from his fellow employees, past & present listings and Tenant Representation mandates.

Prior Experience


After an extensive working experience in Sydney, Australia with the Compensation Courts of New South Wales, Warren returned to Canada to begin his career in Commercial Real Estate.

Professional Accomplishments

Described by his peers as an eager, passionate worker, Warren is concentrating his efforts in the field of Industrial leasing. Warren is always looking for new and positive ways to help grow his business while maintaining strong relationships with those clients past and present.



Warren is an Ottawa native who obtained his Bachelor of Arts degree in Law from Carleton University in the year 2000.



Warren is actively involved in several sports leagues, a hockey coach with Kanata Minor Hockey Association (KMHA) and is a member of BOMA Ottawa.

Notable Transactions


Clients who have benefited from Warren’s past efforts include the following; Dymon Capital Corporation, Standard Life Investments, Colonnade Developments, Ontario Realty Corporation, PWGSC, Parkin Architects, Merkburn Realty and Baxtec Mechanical, Healthcare of Ontario Pension Plan, G&K Services and Flexmasters.


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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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