• All submarkets saw an increase in vacancy this quarter, the largest increase being in the East, going from 2.9% to 3.4%.

• Net rental rates climbed 4.7% since Q1 2019, and now sit at a record high of $10.60. Strong market fundamentals and a landlord-favoured marketplace are expected to continue this upward trend into 2020.

• Industrial rental rates in Ottawa have increased by 22.9% over the course of the last four years and now represent the second highest industrial rates in the country, only second to Vancouver.