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Winnipeg Industrial Market Report Q3 2021

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research article

The Winnipeg industrial market continued its strong momentum in Q3 2021, as demand for modern warehousing and distribution space continues to grow.

  • The cost of construction continues to increase as demand for materials is not being met due to the ongoing disruption in the global supply chain.
  • The East market was one of the most active in the previous quarter absorbing over 118,000 square feet, including strong leasing activity of newly built industrial product in the St. Boniface Industrial Park.
  • The Southwest market has held steady vacancy rates throughout the last year, sitting at 3.2% this quarter.
  • Northwest has seen ample activity both in existing older inventory and newly built products. This has pushed vacancy rate down from 4.0% to 3.5%.

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Winnipeg Industrial Market Report Q3 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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