Ottawa industrial market report

Q1 2024

High interest rates negatively impact sales volumes

The demand from owner-occupiers aiming to procure large industrial properties has decelerated, primarily influenced by the prevailing high interest rates. Furthermore, older manufacturing facilities have experienced a notable downturn in interest, stemming from a constrained pool of potential buyers. Consequently, instances of asking price reductions to have been observed, often exacerbated by the physical or functional limitations of the buildings, including low ceiling heights, modest lot sizes, and restricted loading capabilities.


Total vacancy rate

Up by 0.7% year-over-year

207k sf

Available for sale

In 14 buildings across greater Ottawa


Average gross asking rent psf

Includes $7.58 psf average additional rent


Your source for the latest Ottawa industrial market reports

Get in-depth industrial market reports and insights from commercial real estate experts in the Greater Ottawa area. Avison Young advisors look at Ottawa commercial real estate activities and the latest Ottawa statistics to provide you expert market research on Ottawa's industrial properties.

Explore different topics like the latest industrial market pricing trends and analysis of Ottawa's current office real estate market conditions. Gain a better understanding of Ottawa’s office real estate outlook and stay ahead of current industrial space trends. Make smart decisions when it comes to investing in office properties in Ottawa's competitive industrial real estate market. Avison Young is your trusted source for commercial real estate industrial market insights in Ottawa.

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