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Overall vacancy for Ottawa-Gatineau increased 40 basis points from 7.4 percent in the second quarter to 7.8 percent in the third. While the federal government is mindful of its impact on the Ottawa real estate market, it occupies approximately 48 percent of all office space in the region. Thus, their vacating of older buildings in combination with continued layoffs and implementation of Workplace 2.0 standards has further amplified the vacancy problem.
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