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Research

Winnipeg Office Market Report Q4 2017

Winnipeg Office Market Report Q4 2017

Winnipeg Office Market Report Q4 2017

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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