Ottawa overall also carried forward positive movement, reporting a sublet space decrease of 64k sf, despite the suburban market seeing a slight increase of 29k sf. The CBD market recorded 118k sf of leasing activity, a 60k sf increase from the previous quarter.
Although the market is noticing a lack of quality space available, there continues to be substantial leasing activity considering how challenging it can be to secure quality space that checks all the boxes for tenants.
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