The fourth quarter of 2018 saw the Winnipeg office market rebound after the introduction of 365,000 square feet of new AA supply in Q3, reporting 41,259 square feet of positive absorption. True North Square entered the market favourably with its fourth major lease excuted at the end of 2018 Q4. The overall vacancy rate decreased from 10.9% to 10.6% with both Class A and C buildings out performing the Class B sector. As the suburban market continues to experience rising rental rates and scarcity of opportunities, tenants are being forced to explore downtown availabilities.
