CBRE: Winnipeg overall office vacancy rate down from 12.1% to 11.6% in 2016

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In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Winnipeg is expected to fall from 12.1% in 2015 to 11.6% in 2016. The Class A Net Rental Rate is expected to rise marginally from CAD17.58 per square foot to CAD17.60 per square foot. Net absorption is expected to rise from -0.20mn square feet to 0.05mn square feet. New supply is expected to remain minimal. Unusually for a Canadian market, there is no construction underway currently in Winnipeg

Source : December 2015/CBRE/Winnipeg/OFF