Posted Oct 1, 2015, 2:25 PM
|
|
Registered User
|
|
Join Date: Feb 2014
Posts: 1,774
|
|
Downtown Winnipeg has ~8.5MM square feet of office space. Of the 8 major centres in Canada, it has the lowest average rents (lower than Halifax!). As of Q2 of this year net absorption was negative ~33k square feet and that the ~81k square feet of Centrepoint that hit the market this year. Vacancy is at 11% and climbing.
Naturally, we move the market by ~6% and add 500K of subsidized office square footage.
|