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Winnipeg Office Market Report Q1 2022

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research article

With COVID restrictions easing across Manitoba, businesses continue to prioritize their spatial requirement decisions that have been on pause through the pandemic.  

  • Average asking net rental rates increased across the board, climbing to just over $16 per square foot. This represents a 13.4% growth rate increase year-over-year. 
  • Winnipeg’s office vacancy declined by about 40 basis points in Q1, dropping to 12.9%. Optimism is on the rise for the sector, as vacancy decreased across Class A, B, and C buildings.

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Winnipeg Office Market Report Q1 2022

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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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Leo Lee

Director, National Research Operations | Canada

Toronto West

Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.

Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.

He has over 10 years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant.

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