Ottawa industrial market report
Q2 2024
Increased interest in outlying markets
Interest in markets beyond Greater Ottawa is increasing, with developers and landlords exploring western areas, as well as eastern areas. The Nation witnessing a rise in industrial activity. This growth is attributed to factors like available land, lower acquisition costs, cooperative municipalities, and reduced fees. Despite these advantages, challenges persist in these regions, such as limited access to essential infrastructure services like sewer and water.
Total vacancy rate
Up by 0.6% since Q2 2023
Pre-Leasing/sf under construction
16 projects
Average gross asking rent per square foot (psf)
Includes $7.86 psf of 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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