Due to the coronavirus pandemic and the oil crisis, the office market saw rising vacancies and a fall in leasing activity. In 2023, the net absorption of office space in Ottawa, Canada, was approximately -1.05 million square feet and in 2024, it was forecast to remain negative at -0.27 million square feet. Net absorption is the total amount of space which tenants moved into minus the total amount of space which tenants moved out of during a specific period. According to the national forecast, absorption is expected to increase in 2024.
Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024
(in million square feet)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CBRE Group. (February 26, 2024). Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/953866/net-absorption-office-ottawa/
CBRE Group. "Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet)." Chart. February 26, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/953866/net-absorption-office-ottawa/
CBRE Group. (2024). Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/953866/net-absorption-office-ottawa/
CBRE Group. "Net Absorption of Office Space in Ottawa, Canada from 2016 to 2023 with a Forecast for 2024 (in Million Square Feet)." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/953866/net-absorption-office-ottawa/
CBRE Group, Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) Statista, https://www.statista.com/statistics/953866/net-absorption-office-ottawa/ (last visited December 22, 2024)
Net absorption of office space in Ottawa, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph], CBRE Group, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/953866/net-absorption-office-ottawa/