Centretown is a prime-tier Class A submarket of Ottawa with average asking rent around C$36/sqft/yr · ≈ $26.6 PSF/yr USD.
Tech and creative-class submarket. · Tier: prime · Avg rent: C$36/sqft/yr · ≈ $26.6 PSF/yr USD
Centretown anchors Ottawa's principal tech and creative-class Class A submarket — Shopify Elgin Street HQ, Bank Street creative agencies, and Bronson corridor tech.
Tech (Shopify), advertising, design, professional services.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Confederation Line LRT (Lyon, Parliament).
Multi-modal transit captures the metro's principal professional catchment.
Bank Street, Elgin Street, NAC.
Centretown is one of 5 Class A submarkets we cover in Ottawa, classified as prime tier with an average asking rent around C$36/sqft/yr · ≈ $26.6 PSF/yr USD. Compared with the broader Ottawa Class A stock, Centretown typically attracts Tech (Shopify), advertising, design, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Centretown: Downtown, Kanata North, West End (Tunney's Pasture / Westboro), Gatineau / Hull. The full Ottawa submarket atlas is at /cities/ottawa.
For an institutional Class A occupier evaluating Centretown, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Ottawa Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.