While most of 2020 was filled with negativity and posed challenges to many business operations, the first quarter of 2021 brings positivity and optimism to Winnipeg’s office market.
- From a statistical perspective, this quarter marks the first time since Q4 2019 the office market has experienced positive absorption.
- SkipTheDishes officially relocating to True North Square, a Class AA tower, is positive for the market as it gives more credence to the trend of flight to quality; leaving a Class C building in the Exchange District.
- In the suburbs, market demand continues to justify further development of flex-office product.
- As 2021 progresses and higher volumes of employees start returning to the office, we anticipate more activity and positive sentiments to continue.