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Ottawa Office Market Report Q2 2023

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research article

Ottawa's office market continued to soften in Q2 2023, but at a slightly slower pace than we have seen in previous quarters.

  • Ottawa’s vacancy rate increased 60 basis points to 12.9% in Q2 2023, due to 254,622 square feet of negative net absorption.
  • The number of sublet spaces continues to rise in Q2, with approximately 70% of sublease availabilities occurring in the Suburban market.
  • Average net asking rates decreased by $0.12, to $17.12 per square foot this quarter, due to a higher proportion of space in the suburbs.
  • Ottawa's return-to-office levels continue to lag all other major Canadian office markets (except Calgary) and currently sit at 67% of pre-COVID-19 occupancy levels, compared to 69% in Toronto, and 82% in Vancouver.


Ottawa Office Market Report Q2 2023

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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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