# Ottawa Class A office rents and incentives

> Headline Class A rent in Ottawa is around C$36/sqft/yr · ≈ $26.6 PSF/yr USD, with 12 months of typical rent-free on a 10-year term.

**Canonical URL:** https://classa.info/cities/ottawa/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: C$36/sqft/yr · ≈ $26.6 PSF/yr USD.
- Trophy submarket rents (Downtown) push to roughly C$38/sqft/yr · ≈ $28.1 PSF/yr USD.
- Typical concessions on a 10-year deal: 12 months free rent.
- Vacancy stands at 13.6% — market trend is flat.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Ottawa
- **country**: Canada
- **region**: Americas
- **classARentLocal**: C$36/sqft/yr · ≈ $26.6 PSF/yr USD
- **classARentUsd**: $27/sqft/yr
- **vacancy**: 13.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 12
- **submarkets**: 5
- **primeYieldPct**: 6.2%
- **trophyRent**: C$38/sqft/yr · ≈ $28.1 PSF/yr USD
- **primeRent**: C$36/sqft/yr · ≈ $26.6 PSF/yr USD

## FAQ
### What is the average Class A rent in Ottawa?
Around C$36/sqft/yr · ≈ $26.6 PSF/yr USD across the broader Class A index. Trophy submarkets like Downtown command 20–40% above that.

### How many months of rent-free are normal in Ottawa?
12 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Ottawa?
The Ottawa Class A market is currently flat. Vacancy is 13.6%, which sets the negotiating context.

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Citation: Source: Class A Atlas (https://classa.info/cities/ottawa/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.