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Winnipeg Office Market Report Q2 2022

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research article

Despite COVID restrictions ending, in-person office occupancy continues to lag behind pre-pandemic levels. While a variety of back-to-work strategies have been implemented, we commonly see a hybrid work structure with unique elements including days in the office or location flexibility, all of which vary by each company.

  • The vacancy rate for the Winnipeg office market dropped slightly by about 10 basis points to 13.6% compared to the previous quarter’s vacancy of 13.7%. 
  • Weighted average asking net rent increased to $16.21 compared to the previous quarter at $16.10.
  • The suburban office market performed well with the vacancy rate going down to 8.7%, however, this should be partially tempered as the drop in suburban office vacancy was in part due to the reclassification of some office inventory. However, it is worth noting that the bulk of the positive absorption for the quarter came from the suburban Winnipeg office market, irrespective of the reclassifications.

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Winnipeg Office Market Report Q2 2022

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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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Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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