CBRE: Ottawa industrial availability rate unchanged at 6.6% in 2016

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In its 2016 Canadian Market Outlook report, CBRE noted that the overall availability rate for industrial property in Ottawa is expected to stay unchanged at 6.6% in 2016. The Net Rental Rate is expected to drop slightly from CAD8.75 per square foot to CAD8.70 per square foot. Absorption is expected to fall from 0.15mn square feet to 0.18mn square feet. New supply is expected to drop from 0.23mn square feet to 0.07mn square feet. Stock that is under construction should remain unchanged at about 0.06mn square feet.

Source : December 2015/CBRE/Ottawa/IND