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Ottawa's retail vacancy rate hits new low as population grows, development slows: report

Summary by Ground News
The vacancy rate for retail space in Ottawa is expected to drop another tenth of a percentage point to about 1.5 per cent this year. Average retail rents in Ottawa are expected to increase 4.2 per cent in 2024 to about $25 per square foot, Marcus & Millichap said.
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obj.ca broke the news in Ottawa, Canada on Friday, February 2, 2024.
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