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Winnipeg Industrial Market Report Q2 2021

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research article

The Winnipeg industrial market carried forward momentum from Q1 2021 as the demand for space continues to be high despite the effects of the COVID-19 pandemic.

  • Construction costs have experienced upward pressure as demand for raw materials continues to increase.
  • Continuing its strong momentum, the Northwest submarket posted 49,358 square feet of net absorption and a vacancy rate of 4.0%. 
  • Large vacancies in Southwest market, at 1555 Buffalo and 1530 Gamble, continue to hold vacancy at a higher rate, despite the continued high demand.
  • The East market, particularly the St. Boniface Industrial, has undergone some notable leasing activity absorbing 150,000 square feet over the last eight weeks which is a testament to the demand for modern industrial real estate in this submarket.

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Winnipeg Industrial Market Report Q2 2021

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For More Information, Please Contact:

Dan Chubey

Managing Director | Winnipeg Brokerage

Winnipeg

Dan Chubey is the Managing Director, Winnipeg brokerage responsible for leading the sales advisor team as well as oversees operations, recruitment and strategic business development. Dan played an active role integrating the Colliers Winnipeg office with Colliers International and his focus is on leveraging our strong systems and technology to build for future growth.

Dan joined Colliers International in September 2018 after a 15 year career with global brewing leader ABI where his previous roles saw him as a Director with leadership responsiblity for the commercial business units of British Columbia, Ontario, and Manitoba. His focus was on the development of high performing, engaged teams that grew market share while also prioritizing key financial metrics including top line and EBITDA growth.

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