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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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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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