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Winnipeg Office Market Report Q4 2021

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research article

Even though 2021 was impacted by COVID-19 uncertainties, the Winnipeg office market remained fairly stable in terms of overall vacancy rate; starting at 12.9% in Q1 2021 ending the year at 13.2%.

 

  • Downtown experienced an increase in vacancy overall this quarter, increasing by 40 basis points from 13.6% to 14.0% in Q4 2021.
  • Despite COVID-19 and adding 193,750 square feet of new supply this past year (equal to approximately a 4% increase in submarket inventory), a current suburban vacancy has only increased to 11.0%.



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Winnipeg Office Market Report Q4 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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