Figures

Ottawa Industrial Figures Q3 2026

Industrial fundamentals remain stable as limited supply curbs lease transactions

October 8, 2026 5 Minute Read

Market fundamentals remained relatively stable, with the availability rate increasing by 10 basis points (bps) quarter-over-quarter to 4.2%. Despite the uptick in availability, 40,000 sq. ft. of positive net absorption was recorded this quarter, driven primarily by activity in the South and East markets. New supply remained limited, highlighted by the completion of 103 Schneider Road, which was delivered fully pre-leased to Dominion Dynamics and J-Squared Technologies.
Demand continued to be led by the defense and technology sectors, with sustained interest from startups, private-sector firms, and federal government users. This level of activity is expected to support leasing momentum over the medium term through 2027 and 2028.
Ongoing trade discussions between Canada and the U.S. have contributed to elevated economic uncertainty despite tariff impacts remaining relatively limited in scope. While market fundamentals have remained resilient, this uncertainty has weighed more heavily on occupiers with cross-border exposure, prompting some to adopt a more cautious approach to decision-making.