Available industrial space in the National Capital Region held steady in the first quarter of 2025 despite a brewing trade war with the United States, but industry leaders warn there could be an uptick in vacancies if local manufacturers start to feel the impact of tariffs.
The National Capital Region’s real estate investment market is seeing “a lot of activity” even as securing capital still remains “challenging” for some buyers, a leading Ottawa broker said this week.
Warren Wilkinson, senior managing director of Colliers’ Ottawa office, told a crowd of real estate insiders it’s too early to predict how the trade dispute between Canada and the U.S. will play out for the industry.
With new retail construction at a virtual standstill in recent years as escalating costs and rising interest rates kept developers on the sidelines, the supply of available quality space has all but dried up, CBRE said in its recent Canada retail rent survey.
Avenue 31 says the development has the potential to alleviate logistical headaches for e-commerce retailers by giving them a direct connection to major rail and road arteries.