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As federal workers fuel retail market optimism in downtown Ottawa, residential density remains key

Increased foot traffic, redevelopment plans for Hudson's Bay site could boost market
The office property at 46 Elgin St. is among several downtown Ottawa buildings acquired by the federal government in recent years despite earlier plans to reduce its real estate footprint. (CoStar)
The office property at 46 Elgin St. is among several downtown Ottawa buildings acquired by the federal government in recent years despite earlier plans to reduce its real estate footprint. (CoStar)
CoStar News
August 26, 2026 | 8:28 P.M.

Downtown Ottawa's retail market could be set to rebound in step with an expected increase in pedestrian traffic as federal employees are expected to begin spending more time in the office and developers move ahead with residential, hotel and entertainment projects designed to reshape the city centre.

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