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Winnipeg Office Market Report Q3 2021

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research article

As Manitobans enjoyed a summer of warm weather, a sense of normalcy returned which contributed to an increase in tenant activity and a continued return to the office.

  • Winnipeg’s office vacancy rate decreased from 13.3% in Q2 2021 to 13.0%, absorbing approximately 41,093 square feet.
  • Downtown experienced a modest contraction, but the Suburban market contributed to most of the activity, absorbing about 48,808 square feet.
  • The sublease market remains healthy, with options totaling approximately 100,000 square feet (or 0.5% of the entire office market).
  • Rental rates continue to add complexity in the Suburban office market as the difference between the weighted average asking rental rates in Downtown remains marginal.



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Winnipeg Office Market Report Q3 2021

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Dan Chubey

Managing Director

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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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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