Ontario

Ottawa Industrial Market Report 2025 — Prices, Cap Rates & Trends

In the Ottawa industrial market, the median recorded sale price is $3,404,912, across 163 recorded transactions, between 2021-10-06 to 2025-12-31.

Analyze a deal

$3.4M

Median sale price

163

Recorded transactions

10.4%

YoY change in median

Price distribution

Where Ottawa industrial sale prices sat across 163 recorded transactions.

Median sale price by year

5 of 5 years in the window carried enough recorded sales to plot a median for Ottawa industrial.

Recorded transaction volume by year

Year	Recorded transactions
2021	4
2022	31
2023	48
2024	37
2025	43

This market vs. Ontario overall

Metric	Ottawa	Ontario
Median sale price	$3,404,912	$2,194,500
25th percentile	$1,606,045	$1,325,000
75th percentile	$6,500,000	$4,750,000
Recorded transactions	163	29,749
Year-over-year change	+10.4%	-5.5%

Asset classes in Ottawa

Asset class	Median price	Transactions
Industrial	$3.4M	163
Land	$3.5M	166
Multifamily	$2.1M	467
Office	$4.7M	197
Other	$2.5M	310
Retail	$2.6M	199

Industrial across Ontario markets

Market	Median price	Transactions
Barrie	$2.7M	73
Belleville	$4.9M	15
Brantford	$3.5M	71
Greater Sudbury	$1.9M	46
Guelph	$3.1M	71
Hamilton	$3.1M	236
Kingston	$1.6M	48
Kitchener-Cambridge-Waterloo	$4M	242
London	$2.7M	115
Oshawa	$4.1M	96
Ottawa	$3.4M	163
Peterborough	$2.6M	16
St. Catharines-Niagara	$2.6M	87
Thunder Bay	$1.3M	39
Toronto	$2.8M	1,836
Windsor	$2.3M	119

Rental market context

The CMHC Rental Market Survey reports a 3.8% purpose-built rental vacancy rate for Ottawa-Gatineau (Qué. part) (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Ottawa, ON	$500K–$750K	Industrial
2025-12	Nepean, ON	$3.5M–$4.0M	Industrial
2025-11	Gloucester, ON	$9.0M–$10M	Industrial

Municipality, month and price band only.

Common questions

What is the median industrial sale price in Ottawa?

$3,404,912, across 163 recorded transactions in our dataset.

Are Ottawa industrial prices rising or falling?

The median recorded sale price changed +10.4% year over year in the most recent full comparison.

Methodology

This page draws on 163 recorded commercial transactions in Ottawa between 2021-10-06 and 2025-12-31, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. All 5 years in the window carried enough sales to plot a median. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.