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Client Success
Client Success
Apr 21, 2022
Colliers Winnipeg | New Office Space
After extensive planning and taking employee feedback into account, Colliers Winnipeg has enthusiastically relocated to their new office.
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Local News
Local News
Jul 4, 2022
Colliers Welcomes Tonya Lagrasta as Head of ESG, REMS Canada
Colliers is pleased to welcome Tonya Lagrasta as Head of ESG for REMS Canada.
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Feb 16, 2022
What Would a Potential Retail Reset Look Like in 2022?
In November 2021, Canadian retail sales totaled $58.1 billion, an increase of 4.4% YoY
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Market Reports
Market Reports
Mar 7, 2024
National Investment Report Year End 2023
The investment market subsided in 2023 after an unprecedented run in the low-rate environment of 2021 and 2022. Continued Bank of Canada rate increases in 2023 weighed on the market, along with uncertainty about key assets such as downtown office and the land/development market. While dollar volume and number of sales declined significantly from the peak of 2022, both remain at pre-pandemic levels. The new investment market has shifted in three areas: the buyer profile, the asset classes preferred by investors, and the geographic distribution of sales. Pension plans and life insurance companies have seen their active participation in market transactions decline and are often looking to rebalance their portfolios out of real estate and/or away from Canada. Industrial and logistics continues to be the biggest component of the investment market, with both private equity and foreign buyers actively pursuing opportunities as they come available. Investment volume held up better in industrial-heavy markets such as Quebec and Ontario, whereas markets dependent on development and land, such as Vancouver, saw significantly lower transaction and dollar volume activity.
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Feb 6, 2024
Winnipeg Retail Market Report Q4 2023
In 2023, the Winnipeg retail market recorded an overall vacancy rate of 3.1%, sustaining a historically low level from the previous year. Leasing activity remained strong, with limited new construction entering the market. While foot traffic increased compared to pre-pandemic levels, rents continue to experience upward pressure due to constrained leasing options and the impact of elevated construction costs. Neighbourhood Centre and Regional mall vacancy exhibited stability, while vacancy rates saw a decline in Community and Convenience Centres.
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