We are proud to partner with the City of Ottawa / Ville d’Ottawa in the executive recruitment of a General Manager, Planning, Development, & Building Services! Ottawa is a city of just over one million that is prosperous, sustainable, inclusive, and resilient. The City of Ottawa is the fourth largest city in Canada by population, with a rich history, diverse culture, and vibrant economy. Over the next decade, the City of Ottawa’s goal is to be a place where: residents experience a good quality of life and live in neighbourhoods that are diverse, inclusive, safe, connected, accessible and affordable; residents benefit from a healthy, sustainable and equitable built environment that supports our efforts to address climate change; Ottawa is economically diversified and prosperous; attracting people to Ottawa to live, work, play, invest, learn and visit. The General Manager, Planning, Development, and Building Services, is a critical leadership role within the City of Ottawa, providing vision, direction, and strategic oversight for one of the City’s most complex and impactful departments. This position oversees essential services such as planning approvals, transportation planning, building code enforcement, and the management of major urban projects like the Lansdowne Park revitalization, Zoning By-Law review and Transportation Master Plan. Learn more about this exciting opportunity: https://lnkd.in/dicNmTW6 #executivesearch #recruitment #hiring #ottawa #manager #planning #development
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As demand for industrial space outstrips available supply, with 46% of the 2024 supply already spoken for, investment interest is set to soar in Western Sydney, one of the country’s most robust markets. For the immediate future, the Western Parkland City represents the most competitive location for freight and logistics investment state-wide. Unprecedented infrastructure investment and population growth fuelling the evolution of the Western Sydney region will provide an economic powerhouse and equitable access to highly skilled jobs. However, growth of certain property sectors is occurring at varying speeds. Navigation of a maelstrom of planning constraints, infrastructure delivery timeframes and escalating costs is required to realise ‘the land of opportunity.’ Colliers latest white paper unpacks the development and investment implications for diverse property sectors across Western Sydney hotspots. Click here to download the white paper: https://lnkd.in/gJUQDH_v #westernsydney #commercialrealestate #industrialcre Gavin Bishop, Frank Oliveri, Adrian Miller, Nick Estephen, Thomas Mosca, John McCann, Chris Baltussen, Jock Tyson, Diana Sarcasmo, James Wilson, Tony Durante, Peter Dale, Mandy Wright, Paul McGlynn, Phillip Bradac, Ronan Braham, Harrison Jones, Nicholas Kennedy
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This report illustrates in part the consequences of using housing as an investment instrument. Once an investor purchases one or even more condos for the sole purpose of seeking high and as it appears unrealistic returns on their investment the economic calamity appears to be inevitable. Full report here: https://lnkd.in/gpjwc__g
Toronto is still among the most affordable global cities when it comes to the ability for workforce to purchase housing:
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Steady job growth and strong in-migration have made Alberta among the most robust of Western Canada’s economies, but the impacts on real estate have been mixed, reported Western Investor. "Downtown office vacancies are stuck in the high double digits despite marked improvement relative to the rest of Canada. While broad tenant demand is strong, the right-sizing of space requirements to the hybrid work environment means older space will take time to lease up." "On the industrial side, a flight to quality has meant a rise in industrial vacancy rates as tenants move from older lease space into purpose-built facilities. While demand for space is steady, the uptick in vacancies points to a shift in the market." https://lnkd.in/gGF5rNVX #calgary #industrial #leasing
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Our CBRE Canada #Vancouver #Office Market Report for Q1 2024 just got released. Ping me directly if you want to know what it means for your organization/company. 1. #MetroVancouver faces similar challenges to the national market: bifurcation between quality and commodity space, increasing capital costs for landlords in amenities and improvements, and a paused development cycle. 2. The downtown construction cycle concluded with the recent delivery of 1.2 million sq. ft. 90% of this new supply has been committed to, resulting in a negligible impact to overall vacancy due to high pre-leasing activity. 3. Overall vacancy for Metro Vancouver sits at 9.5%, just 10 basis points (bps) higher than last quarter. 4. Downtown vacancy is expected to drop over the next few years with no new supply on the horizon. 5. The nearby suburban markets are experiencing an influx of sublease supply coupled with the expected delivery of about 1.6 million sq. ft., of which only 35.2% has been pre-leased. 6. A large share of recent leasing activity has included renewals with limited new entrants to the market as tenants are downsizing area but upgrading quality; however, tenant demand remains modest, particularly the traditional Vancouver tenants: business services, FIRE, and technology.
Vancouver Office Figures Q1 2024
cbre.ca
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Spent a morning listening to a few of Canada’s leasing and broakerage experts at yesterdays NAIOP Vancouver breakfast. Here are a few of my take-a-ways from the session… • Calgary continues to see increased leasing activity (at the expense of Vancouver and Toronto) • AAA class buildings continue to represent most of the leasing demand with all other building classes seeing the bulk of commercial vacancies (not a surprise to those in the industry but always interesting to hear this reiterated) • CEOs continue to push for the return to office to drive increased productivity, innovation and culture Perhaps the most interesting point of all was the sentiment that companies are taking longer to make their leasing decisions. It seems that business leaders want to ensure their long-term decisions are economically viable and well timed given today’s market conditions and future outlook. The panel allueded to the fact that companies are nervous about making decisions on their space. This just emphasizes to me the importance of a solid workplace strategy - giving leaders the tools to explore how their space supports both their people strategy and their business objectives. #workplacestrategy #vancouverrealestate #workplacedesign Leandra Afan / Robin Rosebrugh
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Exciting developments are on the horizon for urban centers in Canada! 🏙️ Canada Post's recent decision to mandate a minimum of two in-office days per week for their non-operational staff in cities like Ottawa and Toronto, starting October 2024, marks a significant shift. This move is strategically aimed at combating the recent trend where urban cores have been losing their vibrancy due to the rise of remote working. This policy change could serve as a catalyst for revitalizing city centers. With more employees returning, we can expect increased foot traffic, which is crucial for the survival of local businesses such as cafes, retail shops, and services that rely heavily on office worker patronage. 🍽️🛍️ Moreover, this shift may halt the residential migration to suburbs, stabilizing property values and encouraging investment in urban real estate development. Investors and developers should look closely at how increased workforce presence could enhance demand for downtown residential and mixed-use properties.🏗️📈 Furthermore, real estate professionals need to consider how enhanced infrastructure and amenities can make cities more attractive for these returning workers. Could we see a rise in demand for better public transport, parks, and cultural sites? Let's discuss! How do you see Canada Post's initiative shaping the landscape of urban real real estate? What strategies should real estate professionals adopt to leverage these changes? Share your insights below! 👇 #RealEstate #UrbanDevelopment #CanadaPost #HybridWork #CommercialRealEstate #InvestmentOpportunities #ProfessionalNetworking Let's engage and reshape our urban environments together! 🌐
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Greater Geelong was the fastest growing regional city in Victoria. It's growth rate however was only 2.2%, lower than Victoria's 2.8%. Overall, regional Victoria grew much slower than Greater Melbourne. However, if the cost of housing continues to rise across Melbourne, the regions may again look attractive.
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🏢 Investing in Commercial & Industrial Properties in Queensland? Here’s the Lowdown! 📊💼 Thinking about diving into the world of commercial or industrial property investment in Queensland? Here are some must-know stats and facts to keep you ahead of the game! 🚀 Queensland is Booming! 📈 Did you know that commercial property sales in Queensland have surged in recent years? With ongoing infrastructure development and population growth, the Sunshine State is now a hotspot for savvy investors! 🏢🌞 Industrial Property = Big Returns 💸 In 2023, Queensland's industrial property market recorded impressive rental growth, with yields hovering around 5-6%. Warehousing and logistics spaces are especially in demand, thanks to the e-commerce boom! 📦🚚 #HighDemand Brisbane’s Commercial Property Surge 🏙️ Brisbane’s commercial office market is showing strong signs of recovery, with a 7% increase in sales over the last year. With a shift towards flexible workspaces and eco-friendly buildings, now’s the time to keep an eye on the CBD! 🌳🏢 Regional Hotspots on the Rise 🌟 It's not just the big cities! Areas like Toowoomba, Ipswich, and the Gold Coast are seeing increased activity in commercial and industrial property sales. Investors are tapping into these regional hubs for more affordable entry points and strong growth potential. 📍 Leases Getting Longer ⏳ Did you know? In the industrial property sector, leases are stretching longer, with tenants locking in 5-10 year contracts. That’s stability for investors and a great opportunity to secure long-term returns! 🔐 Whether you’re a seasoned investor or just starting out, Queensland’s commercial and industrial property market is full of opportunities. But remember – research is key! 📊 Need expert advice to guide your investment? The team at Enterprise Legal is here to help! #PropertyInvesting #QueenslandGrowth #CommercialProperty #IndustrialRealEstate #InvestorTips
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As demand for industrial space outstrips available supply, with 46% of the 2024 supply already spoken for, investment interest is set to soar in Western Sydney, one of the country’s most robust markets. For the immediate future, the Western Parkland City represents the most competitive location for freight and logistics investment state-wide. Unprecedented infrastructure investment and population growth fuelling the evolution of the Western Sydney region will provide an economic powerhouse and equitable access to highly skilled jobs. However, growth of certain property sectors is occurring at varying speeds. Navigation of a maelstrom of planning constraints, infrastructure delivery timeframes and escalating costs is required to realise ‘the land of opportunity.’ Colliers latest white paper unpacks the development and investment implications for diverse property sectors across Western Sydney hotspots. Click here to download the white paper: https://lnkd.in/gfdnVfVD Frank Oliveri, Adrian Miller, Nick Estephen, Thomas Mosca, John McCann, Chris Baltussen, Matthew Flynn, Jock Tyson, Diana Sarcasmo, James Wilson
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As demand for industrial space outstrips available supply, with 46% of the 2024 supply already spoken for, investment interest is set to soar in Western Sydney, one of the country’s most robust markets. For the immediate future, the Western Parkland City represents the most competitive location for freight and logistics investment state-wide. Unprecedented infrastructure investment and population growth fuelling the evolution of the Western Sydney region will provide an economic powerhouse and equitable access to highly skilled jobs. However, growth of certain property sectors is occurring at varying speeds. Navigation of a maelstrom of planning constraints, infrastructure delivery timeframes and escalating costs is required to realise ‘the land of opportunity.’ Colliers latest white paper unpacks the development and investment implications for diverse property sectors across Western Sydney hotspots. Click here to download the white paper: https://lnkd.in/gcYK-5Ts Gavin Bishop, Frank Oliveri, Adrian Miller, Nick Estephen, Thomas Mosca, John McCann, Chris Baltussen, Matthew Flynn, Jock Tyson, Diana Sarcasmo, James Wilson, Paul McGlynn, Tony Durante, Peter Dale, Harrison Jones, Andy Lam, Ronan Braham, Nicholas Kennedy, Mandy Wright
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