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CoStar Insight

As in most other cities, Ottawa office users show clear preference for newer space

Offices built in 2010 and later have far lower availability than older buildings
The James Michael Flaherty Building, located at 90 Elgin Street in Ottawa’s downtown, was built in 2014 and has an availability rate of just 0.2% as of December 2025. On average, newer office buildings in the city have a much lower availability rate compared to older buildings. (CoStar)
The James Michael Flaherty Building, located at 90 Elgin Street in Ottawa’s downtown, was built in 2014 and has an availability rate of just 0.2% as of December 2025. On average, newer office buildings in the city have a much lower availability rate compared to older buildings. (CoStar)
CoStar Analytics
January 5, 2026 | 9:36 P.M.

As in most major office markets, a bifurcated demand pattern has emerged in Ottawa, with newer buildings posting significantly lower availability compared to older stock. This suggests that office tenants prefer space with more modern amenities.

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News | As in most other cities, Ottawa office users show clear preference for newer space