Winnipeg Retail Market Report Q1 2019

In 2018 the vacancy rate in Winnipeg experienced a notable decrease of 1.63% to finish the year at 6.56% based on inventory tracked in the Colliers Retail Market Survey. The market experienced a decrease in vacancy in all property categories except Convenience Centres. With portions of the Sears vacancy absorbed and the last remaining Target building being largely occupied, the Regional Mall category experienced a decrease in vacancy of 5.37%, however Regional Mall vacancy still remains high at 13.43%. If the remaining Sears vacancy of 421,000 square feet is removed from the index the Regional Mall category would have been 3.64% bringing the overall market vacancy down to a very respectable rate of 3.81%.

Retail

Winnipeg Retail Market Report Q1 2019