Manitoba's Strategic Advantages: Business Development

Facilities, Industrial Sites and Rates



Manitoba has some of the most affordable industrial and office properties in Canada.

 

Industrial properties are available in Winnipeg and many other cities and towns in Manitoba. Winnipeg’s industrial parks are conveniently located near major transport facilities and properties in other Manitoba cities and towns have convenient highway access.

Office space is varied and affordable. Winnipeg’s inventory of office space totals about 14.0 million square feet – from modern class A towers to beautiful historic buildings (overall vacancy rate of 14.1%).

 

2022 Canadian Office Market

Winnipeg
Vancouver
Calgary
Toronto
Ottawa
Montreal
Overall vacancy rates
14.1%
6.9%
30.1%
14.8%
9.0%
16.1%
Class A vacancy rate
14.4%
7.1%
25.5%
14.6%
7.8%
13.7%
Average class A net rent (per square foot)
$19.27
$39.42
$16.55
$28.15
$18.23
$21.65


Source: CBRE Limited Canada First Quarter 2022 statistics

 

2022 Canadian Industrial Market

Winnipeg
Vancouver
Calgary
Toronto
Ottawa
Montreal
Availability rate 2.8% 0.9% 4.6% 0.8% 2.0% 1.0%
Average net rent (per square foot)
$8.98
$17.40
$8.90
$13.59
$12.70
$11.34


Source: CBRE Limited Canada First Quarter 2022 statistics

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