Skip to main content Skip to footer

Winnipeg Industrial Market Report Q4 2020

Download Report
research article

The Winnipeg industrial sector closed 2020 with strong fundamentals and a diverse economic base that continues to show signs of strength despite the effects of the pandemic.

  • The fourth quarter ended with low vacancy (3.9%), positive absorption (494,252 SF), and strong asking rental rates with a stable 2% annual growth.
  • Continuing its strong momentum, the Northwest market absorbed 552,588 SF of inventory this quarter while vacancy decreased to 4.3 % compared to 5% in the previous quarter.
  • The Southwest market reflected a relatively low absorption of 23,657 SF and a decline in vacancy compared to last quarter.
  • The largest lease in the quarter was notable as e-Commerce giant Amazon entered Winnipeg leasing 113,310 SF.

alt=""

Winnipeg Industrial Market Report Q4 2020

Download Report
For More Information, Please Contact:

Tom Derrett

Vice President Industrial Winnipeg

Winnipeg

Tom joined Colliers in June 2008 after spending 10 years in a number of Sales and Marketing roles with Labatt Breweries. Tom’s experience with this global company allowed him to work in multiple markets across Canada gaining an extensive knowledge of the consultative selling process. Tom looks forward to creating value with his clients by meeting their immediate and future real estate needs.

Since joining Colliers, Tom has worked exclusively in the industrial market where he specializes in the sales and the leasing of user and investment properties along with the sale of land.  Servicing both local and global clients, Tom and his industrial team have completed over 15 million square feet in transactions along with over 500 acres in land sales over the past 13 years.

View Expert

Troy Buchanan

Associate Vice President

Winnipeg

Troy joined Colliers in June of 2015 after spending a number of years as a Financial Advisor. During his time with the Bank of Nova Scotia he excelled by taking a holistic approach to every client’s needs. This approach allows Troy to understand his clients business and what is important to their success to help them achieve their real estate goals.

Since joining Colliers, Troy has focused exclusively on Industrial sales and leasing. While developing relationships with many of Winnipeg’s largest landlords he has quickly building a network that is made to succeed.
View Expert