Ottawa Industrial Market Report Q2 2018

  • Private sector tenants remain focused on increasing efficiencies in their space by transitioning to more open-concept work environments. 
  • The rising popularity of shared office space gives smaller tenants more options, especially in and around the core. 
  • Meanwhile, the public sector has been ramping up their searches for quality assets throughout the city. 
  • Class A and B assets Downtown have been leasing up at rapid rates, causing the overall Downtown availability to decline by 230 bps since Q2 2017. 
  • Ottawa’s availability has seen a steady decrease over the last year as well, and shows no signs of slowing as the city anticipates the completion of the Confederation Line light rail transit system.

Ottawa Industrial

Ottawa Industrial Market Report Q2 2018