Ottawa Retail Real Estate Market
Q1 2026 Ottawa retail market reported vacancy rate at 3.3%. Avg market asking rent at $30.22/sf and retail cap rate (neighbourhood) at 6.5%. Additional indicators included net absorption (2025) at -545K sf.
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Ottawa, drawn from broker research. Q1 2026 · Updated July 15, 2026.
Sources: CBRE caprates capital markets Q1 2026; JLL retail Q1 2026 · Q1 2026 broker research
Vacancy rate
3.3%
1 broker source
Avg market asking rent
$30.22/sf
1 broker source
Net absorption (2025)
-545K sf
1 broker source
Retail cap rate (neighbourhood)
6.5%
1 broker source
Vacancy rate
Vacancy rate · percentage points
Net absorption
Square feet absorbed by period