The Winnipeg industrial market finished the year by posting strong results from absorption, vacancy, and average asking rental rate standpoint, carrying momentum from 2019 Q3.
- The market absorbed 363,249 SF of inventory, driven by the Northwest market at 254,885 SF followed by the East and Southwest markets at 75,632 SF and 32,732 SF respectively.
- Total vacancy decreased to 2.9%, compared to 3.1% in the previous quarter, and represents a 10 bps decrease from a year ago.