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Ottawa Industrial Market Report Q2 2022

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research article

Ottawa’s industrial market continues to see strong demand, while supply levels remain dangerously low, threatening to pull interest away from the Greater Ottawa Area.

  • The overall vacancy rate increased by 29 basis points (bps) to 1.1% in Q2 2022, due to several large blocks of space coming onto the market in the Kanata / Deep West and with the completion of a new industrial building in East Ottawa.
  • The overall availability rate rose by 8 bps this quarter to 1.3%.
  • Average net asking rental rates continue to reach historically high levels. This quarter’s average net asking rents increased by $0.80 per square foot to a new record high $13.27 per square foot, representing an increase of 6.4% from Q1 2022 and a growth rate of 13.3% year-over-year (YoY).
  • There are currently eight buildings under construction which will add 585,596 square feet to the market by Q4 2022.
  • Competitive offers for the purchase of industrial buildings persist despite rising interest rates.

Ottawa Industrial Market Report Q2 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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Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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