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 14.4 million square feet – from modern class A towers to beautiful historic buildings (overall vacancy rate of 16.2%).
2024 Canadian Office Market
Winnipeg |
Vancouver |
Calgary |
Toronto |
Ottawa |
Montreal |
|
| Overall vacancy rates | 16.2% |
9.5% |
28.0% |
19.2% |
13.0% |
18.1% |
| Class A vacancy rate | 14.6% |
10.2% |
24.5% |
15.5% |
12.0% |
15.0% |
| Average class A net rent (per square foot) | $18.95 |
$40.57 |
$19.02 |
$28.61 |
$19.03 |
$21.98 |
Source: CBRE Canada Office Figures Q1 2024
2024 Canadian Industrial Market
Winnipeg |
Vancouver |
Calgary |
Toronto |
Ottawa |
Montreal |
|
| Availability rate | 2.8% | 3.6% | 5.7% | 3.3% | 2.6% | 3.5% |
| Average net rent (per square foot) | $10.76 |
$21.48 |
$11.35 |
$18.09 |
$15.58 |
$16.03 |
