Downtown is a trophy-tier Ottawa submarket with average asking rent around C$38/sqft/yr · ≈ $28.1 PSF/yr USD.

  • Average asking rent: C$38/sqft/yr · ≈ $28.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$36/sqft/yr · ≈ $26.6 PSF/yr USD ($27 USD).
  • Citywide vacancy: 13.6% — submarket-level availability is typically tighter at trophy tier.

Downtown, Ottawa office rents and availability

Downtown is a trophy-tier Ottawa submarket with average asking rent around C$38/sqft/yr · ≈ $28.1 PSF/yr USD.

TL;DR

  • Average asking rent: C$38/sqft/yr · ≈ $28.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$36/sqft/yr · ≈ $26.6 PSF/yr USD ($27 USD).
  • Citywide vacancy: 13.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown averages around C$38/sqft/yr · ≈ $28.1 PSF/yr USD for Class A, against a citywide Class A index of 36. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Federal trophy core. Federal government (PSPC), banking, law firms, professional services.

Key facts

cityOttawa
submarketDowntown
tiertrophy
averageRentLocalC$38/sqft/yr · ≈ $28.1 PSF/yr USD
cityClassARentUsd$27/sqft/yr
cityVacancyPct13.6%

Frequently asked questions

What is the average Class A rent in Downtown, Ottawa?
Around C$38/sqft/yr · ≈ $28.1 PSF/yr USD. The citywide Class A index sits at C$36/sqft/yr · ≈ $26.6 PSF/yr USD.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

Full sources index · Submit a correction

Related topics