The Winnipeg office market experienced increased leasing activity in the second half of 2017.
- Reporting an overall vacancy of 8.07%; the lowest point the market has experienced since the fourth quarter of 2014.
- The 1.14% decreased in vacancy in the past two quarters comes from positive absorption in both Class B and Class C buildings.
- The suburban office market continues to attract strong attention from office users reporting positive absorption and low vacancy rates.
- With several full floor opportunities downtown versus the limited supply in the suburbs, tenants locating downtown are receiving generous inducements from landlords.
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