•The Ottawa wide industrial market availability rate decreased 20 basis points (bps) to 4.6% in Q4 2017, representing the lowest availability since Q1 2006.
•Demand for product in the East market has picked up, across all user types – manufacturing, distribution, and alternative users. The Q4 2017 East end availability closed with a rate of 5.0%, the lowest since Q4 2013.
•The construction industry continues to be busy throughout the city with major infrastructure projects underway including the LRT Stage 1, renovations to Parliament Hill and a new Hydro Ottawa facility.
30,000 sq. ft. is under construction at 1095 Algoma, with 11,000 sq. ft. already preleased. Projected occupancy is August 2018.