
Four years ago the vacancy rate for the office/lab space in Kanata near Ottawa, was a disastrous 29 percent in the backwash of an overbuilt hightech sector implosion. "We [developers] thought it would be seven to 10 years before we would be in a building mode again in Kanata," says Wayne Jennings, vice-president and general manager, Canderel Stoneridge Equity Group Inc., Ottawa.