New data from CBRE indicated that Ottawa\u2019s commercial market enjoyed its best first-half-of-the-year in a decade, with overall investment from January to June 2018 increasing by 10.2% year-over-year to reach $718.5 million.<\/p>\n
In Q2 2018 alone, the market saw $339.5 million worth of transactions, up 10.5% compared to the same time last year.<\/p>\n
These performance levels placed the market on track to a very strong 2018 finish, approaching or even exceeding $2 billion.<\/p>\n
A number of significant transactions during the period propelled this volume. Most notable was the the Mierins Auto Group\u2019s portfolio sale of eight dealership and service centres, along with a pair of land parcels. The deal, which was valued at $80.2 million, was completed with the Alpha Auto Group.<\/p>\n
Read more: <\/p>\n
Another large exchange was Investors Group\u2019s sale of a $68.15-million industrial portfolio to Desjardins. The transaction \u2013 involving approximately 550,000 square feet within properties on Leeds Avenue, Walkley Road, Hawthorne Road, St. Laurent Boulevard, and Parisien Street \u2013 was Desjardins\u2019 first significant move into Ottawa\u2019s industrial property market.<\/p>\n
\u201cInvestment demand for all asset types [in Ottawa] remains high and tempered only by the availability of product,\u201d CBRE stated in its report, as quoted by the Ottawa Business Journal.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" New data from CBRE indicated that Ottawa\u2019s commercial market enjoyed its best first-half-of-the-year in a decade, with overall investment from January to June 2018 increasing by 10.2% year-over-year to reach $718.5 million. In Q2 2018 alone, the market saw $339.5 million worth of transactions, up 10.5% compared to the same time last year. These performance […]<\/p>\n","protected":false},"author":5,"featured_media":20172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7999"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=7999"}],"version-history":[{"count":1,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7999\/revisions"}],"predecessor-version":[{"id":21409,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7999\/revisions\/21409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/20172"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=7999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=7999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=7999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}