Ottawa Office Buildings To Be Vacated

📍 Down on Elgin Street at Bridgehead Cafe, just south of Somerset meeting with a client.

💬 And where our discussion today is what will happen downtown when all the office buildings are vacated.

💼 40% of the offices, 34% of the offices in Canada, government offices are supposed to be vacated.

🌇 And all I can say is that the downtown core in Ottawa is very alive.

🏘️ It's very neighbourhood central, and that would be the Glebe, the Golden Triangle along Elgin Street.

🚶‍♀️ And what's happening is walkability becomes a major factor, and the next generation of homebuyers is called Generation C, and that's COVID homebuyers.

👧🧑 Those are 16 to 18 years old right now. In 10 years, they'll be 26 to 28 years of age, and they will be homebuyers.

🚶‍♂️ What's really important to them is walkability, green spaces, green is really a vote for them.

🚗 And they're not necessarily even at 16 going out to get their driver's license.

🚫 They're not interested in owning cars necessarily.

🚶‍♂️ Again, they want walkable, and Ottawa really shines in that aspect, especially the Golden Triangle neighbourhood, the Glebe area. The gold is in the old, as I would like to say in real estate, and that is where people are coming as destinations.

🤝 I look forward to meeting Judy for our coffee and reassuring her that her investment probably downtown is a good place to be and a good investment for her, which she trusted me with years ago.

👋 My name is Greg Hamre from RE/MAX Affiliates and Hamre Real Estate Team.

🏢 If you're thinking of buying or selling real estate or needing real estate advice in Ottawa, I'd love to speak to you.

🤞 Hope to see you soon.

🌟 Take care.