Ontario

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

In the Ottawa retail market, the median recorded sale price is $2,600,000, across 199 recorded transactions, between 2021-09-17 to 2025-12-31.

Analyze a deal

$2.6M

Median sale price

199

Recorded transactions

34.0%

YoY change in median

Price distribution

Where Ottawa retail sale prices sat across 199 recorded transactions.

Median sale price by year

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

Recorded transaction volume by year

Year	Recorded transactions
2021	7
2022	40
2023	34
2024	62
2025	56

This market vs. Ontario overall

Metric	Ottawa	Ontario
Median sale price	$2,600,000	$2,194,500
25th percentile	$1,500,000	$1,325,000
75th percentile	$6,162,500	$4,750,000
Recorded transactions	199	29,749
Year-over-year change	+34.0%	-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

Retail across Ontario markets

Market	Median price	Transactions
Barrie	$2.6M	52
Belleville	$1.4M	26
Brantford	$1.7M	47
Greater Sudbury	$1.9M	37
Guelph	$2.4M	39
Hamilton	$1.7M	223
Kingston	$2M	57
Kitchener-Cambridge-Waterloo	$2M	158
London	$2.1M	139
Oshawa	$2.2M	72
Ottawa	$2.6M	199
Peterborough	$2.2M	27
St. Catharines-Niagara	$1.6M	151
Thunder Bay	$1.3M	25
Toronto	$2.1M	1,287
Windsor	$1.6M	102

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	Retail
2025-12	Nepean, ON	$30M–$35M	Retail
2025-12	Ottawa, ON	$2.5M–$3.0M	Retail

Municipality, month and price band only.

Common questions

What is the median retail sale price in Ottawa?

$2,600,000, across 199 recorded transactions in our dataset.

Are Ottawa retail prices rising or falling?

The median recorded sale price changed +34.0% year over year in the most recent full comparison.

Methodology

This page draws on 199 recorded commercial transactions in Ottawa between 2021-09-17 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.