Healthy tenant demand, combined with limited availabilities in desirable locations, kept Ottawa’s industrial vacancy rate at four per cent for the second straight quarter, a recent report says.
Collier’s midyear research report says that many properties that were on the market at the start of the year are still sitting empty even as tenant demand rises.
“While the space is there, much of it may not be in a location that is right for the tenant,” Colliers says.
OBJ360 (Sponsored)
Mann Lawyers grows litigation practice with pair of savvy veteran additions
Full-service law firm Mann Lawyers has built a longstanding reputation for delivering high-quality legal services to its clients in all its service areas, including its litigation practice, over its 30-plus-year
Imagine enjoying a perfectly seared entrée surrounded by Indigenous art and culture, while enjoying breathtaking views of Parliament Hill. Or sipping a glass of wine in a glass-walled space featuring
For example, the limited amount of highly sought-after industrial space in the central-west submarket, with its reasonable proximity to Highway 417 and downtown, cannot always meet demand, the real estate services firm says.
The central-west vacancy rate declined to 2.6 per cent in the second quarter, down from three per cent in the first quarter, according to Colliers’ figures.
