Ottawa industrial market report
Q1 2023
Strong demand over the past year
Many “players” have decided to acquire land and build in the near future. Providing choices in warehousing that has not been as abundant in previous years. This choice is especially true for users in the larger size range between 10,000 to 50,000 square feet (sf). Pressure will be put on owners with existing inventory to either upgrade their properties or become more flexible in their leasing packages.
Total vacancy rate
Absorption
Average gross rent
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