• After the largest negative net absorption in 10-years in Q3 2020, Ottawa experienced nearly 57,000 sq. ft. of positive net absorption in Q4.

• There are 2.8 million sq. ft. in the pipeline for delivery in 2021, effectively beating the 2019 annual new supply record. This space will be fully occupied by Amazon and will not reduce supply or rate pressure.

• There has been continued growth of last-mile logistics in Ottawa and an increased acceptance of e-commerce as 2020 has morphed the way business is done.