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Ottawa Industrial Market Report Q1 2022

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research article

Ottawa’s industrial market continues to experience strong demand and limited supply inside and outside of the greenbelt and in the Greater Ottawa Valley.
As demand for industrial space continues to outpace supply, the overall vacancy rate decreased for the sixth consecutive quarter, dropping 14 basis points (bps) to 0.8% in Q1 2022.

  • The overall availability rate declined 40 bps this quarter and 112 bps year-over-year (YoY), down to a record low of 1.2%.
  • This quarter there was 63,624 square feet of positive net absorption.
  • This quarter’s average net asking rents increased by $0.21 to $12.48 per square foot, representing an increase of 1.7% from Q4 2021 and a growth rate of 10.4% YoY.
  • There are currently six industrial buildings under construction, totaling 369,743 square feet. However, tenants’ current supply constraints when looking to relocate or expand their presence in Ottawa will not ease anytime soon, as more than 68% of the space is already committed to tenants.

Ottawa Industrial Market Report Q1 2022

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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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