Ottawa Industrial Real Estate Market
Q1 2026 Ottawa industrial market reported vacancy rate (Metro) at 5.3%. Avg net asking rent (direct) at $16.75/sf and industrial cap rate (mature, multi-tenant) at 6.8%. Additional indicators included net absorption (YTD) at 88K sf and under construction at 3.2M sf.
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Ottawa, drawn from broker research. Q1 2026 · Updated July 8, 2026.
Sources: CBRE industrial Q1 2026; Cushman & Wakefield industrial Q1 2026 · Q1 2026 broker research
Vacancy rate (Metro)
5.3%
1 broker source
Avg net asking rent (direct)
$16.75/sf
1 broker source
Net absorption (YTD)
88K sf
1 broker source
Under construction
3.2M sf
1 broker source
Industrial cap rate (mature, multi-tenant)
6.8%
1 broker source
Sub-sector detail
Current values shown — the published trailing range is flat, so there is no range comparison to draw
| Submarket | Vacancy | Net asking rent ($/sf) |
|---|