Where do asset management occupiers lease office space in Ottawa?

Most cluster in Downtown. Rent runs ~36 CAD/sqft ($27 USD) for trophy and prime stock.

What fit-out spec do asset management occupiers run in Ottawa?

Typically trophy at $220–310/sqft.

How much office space per seat should a asset management occupier plan in Ottawa?

Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.

What NAICS codes describe the asset management vertical?

Representative NAICS 2022 codes: 523930, 523920.

What is the talent index in Ottawa?

80/100. Use the city profile for full detail.

Asset management occupiers in Ottawa typically cluster in Downtown, plan ~230 sqft per seat at trophy fit-out ($220–310/sqft), and pay around 36 CAD/sqft ($27 USD) on Class A.

Preferred submarket: Downtown.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 36 CAD/sqft ($27 USD).
Typical lease: 10 years with 12 months rent-free.
Talent depth in Ottawa: 80/100.

Asset management office space in Ottawa

Asset management occupiers in Ottawa typically cluster in Downtown, plan ~230 sqft per seat at trophy fit-out">fit-out ($220–310/sqft), and pay around 36 CAD/sqft ($27 USD) on Class A.

TL;DR

Preferred submarket: Downtown.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 36 CAD/sqft ($27 USD).
Typical lease: 10 years with 12 months rent-free.
Talent depth in Ottawa: 80/100.

Where they cluster

Asset management occupiers in Ottawa typically anchor in Downtown. Federal government (PSPC), banking, law firms, professional services.

What they pay

Class A rent in Ottawa runs 36 CAD/sqft ($27 USD) on a 10-year lease with 12 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical asset management fit-out targets trophy specification at $220–310/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Ottawa typically targets 23,000 sqft of leasable area.

Talent angle

Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Strong public-sector, telecom, cybersecurity, and tech talent. Carleton, University of Ottawa, and Algonquin College anchor the regional pipeline. Bilingual (EN-FR) talent supports federal and cross-border tenancy.

Tax and lease context

Headline corporate tax: 26.5%. Triple-net (NNN) structures with operating cost and tax recoveries. Government of Canada leases follow PSPC standard terms with 10-year base + renewal options. Free rent of 8-12 months and TI of CAD 65-90/sqft typical on private-sector 10-year deals.

Key facts

city	Ottawa
industry	Asset management
naics	523930, 523920
preferredSubmarket	Downtown
preferredFitoutSpec	Trophy
fitoutBand	$220–310/sqft
sqftPerSeat	230
classARentLocal	36 CAD/sqft/yr
classARentUsd	$27/sqft/yr
vacancyPct	13.6%
typicalLeaseYears	10
typicalRentFreeMonths	12
talentIndex	80
corporateTaxPct	26.5%

Frequently asked questions

Where do asset management occupiers lease office space in Ottawa?: Most cluster in Downtown. Rent runs ~36 CAD/sqft ($27 USD) for trophy and prime stock.
What fit-out spec do asset management occupiers run in Ottawa?: Typically trophy at $220–310/sqft.
How much office space per seat should a asset management occupier plan in Ottawa?: Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.
What NAICS codes describe the asset management vertical?: Representative NAICS 2022 codes: 523930, 523920.
What is the talent index in Ottawa?: 80/100. Use the city profile for full detail.

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

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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