•Ottawa availability decreased by 60 bps to 3.4%, from last quarter, representing the lowest availability rate ever recorded.
 

•A recent study by the City of Ottawa indicates vacant industrial land in Ottawa has hit an all-time low with 1,619 net hectares of vacant business park and industrial land available for development. This represents the lowest ever recorded number since city officials started recording these numbers in the 1980s.
 

•Absorption totaled 195,366 sq. ft. for the quarter, an increase of 52.1% from last quarter and the fourth conservative quarter of positive absorption.