Ottawa industrial market report
Q1 2026
Greater Ottawa Industrial Market: Stabilizing Conditions Amid Disciplined Supply
Greater Ottawa’s industrial market is showing signs of stabilization as absorption improves modestly but remains insufficient to materially tighten conditions. Tenant activity continues, though momentum is moderating and leasing rates are beginning to level off after a period of rapid growth. New development remains limited and largely pre leasing driven, reinforcing supply constraints—particularly in the small bay segment. Supported by resilient owner user demand and restricted inventory, market fundamentals remain positive as pricing and leasing expectations gradually rebalance.
total vacancy
up 1.4% since Q4 2025
net sf absorption
average gross asking rent per square foot (psf)
includes $7.57 psf of average additional rent
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Get in-depth industrial market reports and insights from commercial real estate experts in Ottawa. 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 industrial real estate market conditions. Gain a better understanding of Ottawa’s industrial real estate outlook and stay ahead of current industrial space trends. Make smart decisions when it comes to investing in industrial properties in Ottawa’s competitive industrial real estate market. Avison Young is your trusted source for commercial real estate industrial market insights in Ottawa.