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Ottawa Industrial Market Report Q3 2021

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Ottawa's industrial market continues to experience strong demand, particularly from e-commerce and distribution tenants from the other parts of Ontario, Canada and the USA.

  • Overall vacancy rose by 19 basis points (bps) to 1.4%, while availability declined by only 4 bps, down to the near-record low level of 2.3%.
  • Net asking rental rates have reached historically high levels and continue to rise in Ottawa up $0.09 since Q2 2021 to $11.50 per square foot in Q3 2021, representing a growth of 6.1% year-over-year.
  • New industrial projects continue to be proposed inside and outside the urban boundary, especially near the 400-series highways.


Ottawa Industrial Market Report Q3 2021

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For More Information, Please Contact:

Warren Wilkinson

Senior Managing Director, Ottawa


Company Experience

Warren joined Colliers International in January of 2005.  After ten years as a leasing expert in the greater Ottawa area, Warren started the transition from Sale Representative to Managing Director.  Backed by a strong clientele basis and a working knowledge of the brokerage business, Warren has grown the Colliers Ottawa thought experience and mentorship. 

Prior Experience

After an extensive working experience in Sydney, Australia with the Attorney Generals office in the Compensation Courts of New South Wales, Warren returned to Canada to begin his career in Commercial Real Estate.

Professional Accomplishments

Described by his peers as an eager, passionate worker, Warren is concentrating his efforts on continuing to be a purposeful, strong leader in the Ottawa Commercial Real Estate marketplace.  Warren is always looking for new and positive ways to help grow the Ottawa office’s brand and reputation as the city’s leading, fully integrated commercial real estate firm. 


Warren is an Ottawa native who obtained his Bachelor of Arts degree in Law from Carleton University in the year 2000.


Warren is actively involved in several sports leagues, a volunteer with Kanata Minor Hockey Association (KMHA), Kanata Little League Baseball Association (KLLBA) and is a member of BOMA Ottawa and the Ottawa Board of Trade.  In addition Warren is a proud alumni of Fight for the Cure – participant.

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