Reverse engineering the PSPC 80/20 ratio for rapid-transit access

Posted Leave a commentPosted in office, PSPC, tenants

Here in Ottawa the federal government dominates the office market. It employs roughly 140,000 people in a 700,000-person work force, its need for space is predominantly office, and in many ways drives innovation for the office market in terms of its standards for accommodations. Not surprisingly, private sector landlords pay close attention to federal government […]

Recent real estate transactions send confusing signals

Posted Leave a commentPosted in NCC, office, relocation, tenants

Originally published in the Ottawa Business Journal 01 March 2012.   I am still struggling with what to do in a “balance sheet recession.” That is what Canadian investor Stephen Jarislowsky described as the outcome of the Lehman Brothers collapse – a recession driven by everyone looking to repair their individual balance sheets and inflicting […]