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Ottawa Industrial Market Report Q4 2021

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research article

Scarcity of available industrial space and limited delivery of new buildings have resulted in net asking rental rates increasing to reach historically high levels, and they continue to rise in Ottawa.

  • Ottawa's overall industrial vacancy rate dropped 40 basis points (bps) to 1.0% due to 186,134 square feet of positive net absorption.
  • This quarter net asking rates saw a $0.78 increase in average net rents to $12.27 per square feet, representing an increase of 6.8% from Q3 2021 and a growth rate of 12.9% year-over-year (YoY).
  • Due to the strong market fundamentals, the Ottawa industrial market is also in high demand from an investment perspective, resulting in new benchmark sales figures for existing buildings and vacant industrial land sites.

Ottawa Industrial Market Report Q4 2021

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Pour plus d’informations, veuillez contacter:

Warren Wilkinson

Managing Director, Sales Representative


Company Experience


Warren joined Colliers International in January of 2005 after three years in the Commercial Real Estate business. Equipped with experience in research and marketing, Warren obtained his Real Estate license in 2003, and has been concentrating his efforts on establishing a strong clientele basis while gaining knowledgeable experience from his fellow employees, past & present listings and Tenant Representation mandates.

Prior Experience


After an extensive working experience in Sydney, Australia with 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 in the field of Industrial leasing. Warren is always looking for new and positive ways to help grow his business while maintaining strong relationships with those clients past and present.



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 hockey coach with Kanata Minor Hockey Association (KMHA) and is a member of BOMA Ottawa.

Notable Transactions


Clients who have benefited from Warren’s past efforts include the following; Dymon Capital Corporation, Standard Life Investments, Colonnade Developments, Ontario Realty Corporation, PWGSC, Parkin Architects, Merkburn Realty and Baxtec Mechanical, Healthcare of Ontario Pension Plan, G&K Services and Flexmasters.


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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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