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Ottawa Office Market Report Q4 2022

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research article

Ottawa's office market continued to soften as some tenants progressed with right-sizing their office premises, and other tenants are transitioning to either a hybrid work model or, in some cases, full-time remote work. This has resulted in 275,378 square feet of negative absorption in Q4 2022.

  • Ottawa's office vacancy rates increased by 59 basis points (bps) to 11.2% in Q4 2022.
  • Overall available sublet space increased by 97,060 square feet in Q4 2022 and now makes up 14.0% of all available space compared to 13.7% one year ago.
  • The Kanata submarket saw the most significant increase in vacancy this quarter rising 164 bps to 15.0%, mainly due to 106,603 square feet becoming available for sublease in Kanata North.
  • This quarter, Ottawa’s overall average net asking rate decreased by $0.12, down to $16.89 per square foot, due to more available space in the suburbs.


Ottawa Office Market Report Q4 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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Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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