•Ottawa’s industrial availability rate lowered by 30 bps to 4.0%, representing the twelfth consecutive quarter of compression and the lowest quarterly figure since Q1 2006.

•Montreal-based developer Broccolini is developing Ottawa’s largest ever distribution centre. The company is projected to spend up to $200 million on the 1 million sq. ft. project located on Boundary Road, near Highway 417.  Construction is set to take place by the end of summer and will be complete for Q3 2019.

•Limited availability of warehouse space and a lack of new developments in Ottawa is continuing to restrict tenants entering and expanding in the market.

•Industrial fundamentals including tenant demand, vacancy and lease rates, are strong, perhaps a development cycle is on the horizon in Ottawa. New growth is likely to occur in the far west and south regions of the city.