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Research

Ottawa Industrial Market Report Q3 2019

Ottawa Industrial Market Report Q3 2019

Ottawa Industrial Market Report Q3 2019

  • Large pockets of space on the market will likely become more common, driven by slowing growth in the space-dependent logistics sector and a surge in demand for smaller industrial spaces.

  • Amazon's 1,000,000 square foot facility is being followed up by a 700,000 square foot development south of Ottawa, potentially signalling large development in the near future.
  • While South Ottawa had the second most lease transactions this quarter, the small average size of these leases indicates that larger tenants still prefer space elsewhere.

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