Top Banner
FACILITATING GROWTH IN THE OTTAWA MARKET City of Ottawa Employment Land Review Ottawa Real Estate Forum October 19, 2016 Russell Mathew
14

City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Oct 18, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

FACILITATING GROWTH IN THE OTTAWA MARKET

City of Ottawa Employment Land Review

Ottawa Real Estate ForumOctober 19, 2016

Russell Mathew

Page 2: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Ottawa Employment Land Review

Today we will discuss:• Study purpose • Economic context• Geographic and policy context• Land demand • Market considerations• Study recommendations • Looking forward

1

Page 3: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Purpose of the study

1. Examination of City’s objectives for location of jobs and Official Plan policies for employment and employment land

2. Estimate future employment land demand in rural and urban area designations

3. Identify key issues, opportunities and strategies for achieving City’s employment and economic development goals

4. Recommend priority actions and implementation plan

2

Page 4: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Ottawa’s Unique Economy

• As the national capital, heavy reliance on public sector employment affects many aspects of the city, including: more jobs accommodated in offices than elsewhere; higher transit use; less industrial land and built space; and fewer trucks on the road.

• Other sectors are important, including high tech and the provision of central place functions for the surrounding region.

• Ottawa also includes a very large rural area with rural and urban-related economic activities.

3

Page 5: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Ottawa’s Unique Economy

Focus is on industrial-type employment areas:• Smaller segment than in Southern Ontario • Still important to functioning economy

• Servicing the service sector • Local manufacturing/ local distribution

4

Page 6: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Geographic and policy context also unique

• Employment Area locations mirror prior communities

• Enterprise Areas – policy intent to achieve 50% employment / 50% residential

• Large Greenbelt divides Central Area and suburban business parks

5

Employment Area

Enterprise Area

Page 7: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Supply Demand Analysis Results

6

• Identified demand for 800-900 ha to 2041

Page 8: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Market considerations

• Location matters• High demand areas inside

the Greenbelt are almost full.

• Some areas well positioned to attract employment. Others face access challenges.

• Limited supply of highway-oriented employment lands.

• Almost no land with Highway 417 East access.

7

Page 9: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Market considerations

• Surrounding areas becoming part of the Ottawa market • Areas to the south to a limited extent• Russell Township planning for an expanded serviced industrial

park at Highway 417 East and Saint Guillaume Road • Ottawa also accommodating some growth at Rural

interchanges

8

Page 10: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

One key policy has not worked as planned

Enterprise Area Policy implications • Difficult to interpret

development rights

• Largely failed to achieve employment component in some areas

• Fragmentation limits viability for future development for employment uses

9

Residential

Employment

Enterprise Areas

• Permits both employment and residential uses.

• Intended to be well integrated.

Page 11: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Key Study Recommendations

• Replace the Enterprise Area designation with land uses that correspond to the most appropriate designation

• Some employment land conversions recommended

• Taken together, proposed land use changes reduce City-wide employment land supply by 165 ha

• Within threshold of surplus to 2036

10

Page 12: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Proposed Employment Area designation changes

11

Page 13: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Proposed Enterprise Area designation changes

12

Page 14: City of Ottawa Employment Land Review - Real Estate Forums€¦ · 19.10.2016  · Ottawa Real Estate Forum October 19, 2016 Russell Mathew. Ottawa Employment Land Review Today we

Looking forward

• City will need to plan for employment areas with good highway access if it wants to meet full range of market demand over the long-term

• Economic Development needs to work with private sector to encourage development

• Development opportunities appear to be on the rise (if still a bit weak)

13