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CoStar Insight

Downtown Ottawa retail remains in low gear, for now

Current challenges may mask long-term opportunities with numerous new apartments added downtown
The Rideau Centre is downtown Ottawa’s largest retail property. The overall downtown retail vacancy rate has remained stubbornly high. (CoStar)
The Rideau Centre is downtown Ottawa’s largest retail property. The overall downtown retail vacancy rate has remained stubbornly high. (CoStar)
CoStar Analytics
November 21, 2025 | 2:54 AM

A vital source of foot traffic for retailers in any downtown area is office workers. In the case of the nation's capital, this means office workers from the city’s largest office occupier, the federal government.

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News | Downtown Ottawa retail remains in low gear, for now