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Winnipeg Office Market Report Q3 2023

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research article

Overall leasing activity in Winnipeg’s office market slowed over the summer months, but based on current tenant activity, transaction volume is expected to pick up over the course of Q4.

  • Highlighting the quarter was the announcement at the end of September wherein the Manitoba Metis Federation has acquired from Wawanesa one of their vacated office buildings at 200 Main Street for their government operations, housing MMF affiliates and departments.
  • Sale activity remains depressed while office buildings for users 10,000 square feet and below are still in high demand for acquisition despite interest rates remaining elevated.
  • Interest rates and rising construction costs have impacted all asset classes in the real estate market in Winnipeg causing a slow down in development of new properties and impacted the closure of some deals.

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Winnipeg Office Market Report Q3 2023

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Pour plus d’informations, veuillez contacter:

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. Recognized on numerous occassions as a top performer, his focus was on the development of high performing teams that grew market share while also prioritizing key financial metrics including top line and EBITDA growth.

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Adam Jacobs

Head of 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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