Ottawa industrial market report

Q3 2025

Industrial Market Outlook: Navigating a Period of Transition

The industrial market is recalibrating as more owners consider sales and investors take a cautious approach. Leasing is slowing, especially for new builds, with landlords covering more fit-up costs amid tighter tenant budgets.

2.3%

total vacancy

up 0.3% since Q3 2025

214K

net sf absorption

year to date (YTD)
$24.66

average gross asking rent per square foot (psf)

includes $7.17 psf of average additional rent

Your source for the lastest Ottawa industrial market reports

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.

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