Winnipeg Office Market Report Q4 2019

In the final quarter of the year, the vacancy rate of the Winnipeg office market dropped slightly to 11.6%.

While there was an overall positive absorption of 72,591 SF, the commissioning of 57,000 SF at 900 Lorimer kept the vacancy stagnant.

The absorption in the Downtown and Suburban office markets were 38,266 SF and 34,325 SF of positive absorption respectively. This is definitely one stat line to monitor closely moving into 2020 as the economic advantage for the suburbs over Downtown has narrowed in recent years.

Winnipeg Office Market Report Q4 2019

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For More Information, Please Contact:

Dan Chubey

Managing Director | Winnipeg Brokerage

Winnipeg

+1 204 926 3831

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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Jordan Bergmann

Associate Vice President

Winnipeg

+1 204 954 1793

+1 204 898 8588

Jordan is a commercial real estate advisor with the Colliers International Winnipeg Office Practice Group, specializing in office leasing, representing both Tenants and Landlords. His commitment to his clients is to gain an understanding of their business, their challenges and their successes. He will use this along with his market knowledge to advise his clients on real estate solutions that in turn compliment their business.

In working alongside the accomplished brokers of the Office Practice Group at Colliers Winnipeg, Jordan is involved with a high volume of intricate lease transactions where he leverages the full Colliers platform and his experience in customer service to provide value. With the strong market position of the Office Practice Group, Jordan is ahead of market trends and transactions, and provides these key insights to his clients.

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