The Winnipeg office market was quiet in the first half of 2017 with minimal transaction volume.
- The overall vacancy rate increased to 9.21% from 8.30% with negative absorption in the Class A and Class C sectors.
- Two new Class B buildings entered the marketplace - 257 Osborne Street (34,140 SF) and a flex office building at Tuxedo Business Park (Building 2 - 45,000 SF).
- There continues to be many options for tenants looking to located in the downtown sector, with several buildings having multi full floor vacancies. However, the suburban market, especially the southwest quadrant, is very tight and prospective tenants greater than 10,000 SF have few choices.
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