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Where do you Anything else we should be looking for in this sector
see market rents going in in 2017? Any new industrial tenants coming to Winnipeg?
2017?

SS: We’re certainly hoping for more industrial land coming to the market in 2017.
SS: Market rents have been on There has been a shortage of zoned, serviced, “ready-to-go” land in Winnipeg.
the rise over the past few years; Progress has been made over 2016 and there should be hundreds of acres of
but Winnipeg generally doesn’t land coming available over 2017 in CentrePort.
see drastic increases in rents. The new road infrastructure and the development (by CentrePort Canada Inc.) of
Having said that, there is a sizeable a rail park in the area should attract significant activity from the distribution and
discrepancy between older inventory logistics sectors. So, with a few land options looking like they will come to market,
and new construction, with rates for we will likely see many new folks from these sectors coming to town in 2017.
new construction being double that
of older construction in many cases. Interview has been condensed and edited.
Global HVAC lter leader
Landlords can justify increasing
rates on existing inventory via
redeveloping existing buildings to
a more modern standard. Overall
I don’t foresee any considerable
increase in rents. They will
likely remain stable. Stability is
definitely a common comment when
discussing the industrial market
in Winnipeg.

1421 St. James St. Unit # 17 | Winnipeg, MB | R3H 0Y9 | +1 (204) 774-2020 | +1-866-421-1670
What are
the drivers of industrial
development in Winnipeg?

Is our market changing?

SS: Winnipeg has one of the most
diverse economies in Canada Bird Construction
that includes aerospace, finance
and insurance, transportation, 1055 Erin Street
agribusiness, information Winnipeg, Manitoba
technology, furniture and apparel
industries. P: 204-775-7141
I wouldn’t necessarily say our
market is significantly changing; www.bird.ca
it will continue to be very diverse
and robust. Due to our diverse
economy, demand for industrial
space is steady from a variety of
users and should remain steady.

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64 Manitoba 2017 Commercial Building Directory