Page 67 - BOMA_2018_BuildingDirectory

What are As an example of a development looking to take advantage of this trend, QuadReal
the drivers of industrial has continued with their servicing work on the approximate 100 acre North West
Business Park. They are currently finalizing plans for 2018 construction; however,
development in Winnipeg? it is anticipated we will see both a larger distribution centre along with small “flex”
Is our market changing? space that is one of the drivers in the Winnipeg industrial market.
Lastly, we anticipate that there will continue to be larger parcels of land sold in 2018
for both speculative purposes and to put into play over an 18 to 24-month window.
TD: Our market is evolving
with logistics business related Interview has been condensed and edited.
to e-commerce like most other
major North American cities.
With this evolution, buildings are
getting taller to take advantage Global HVAC lter leader
of cubic volume and yard space
is increasing to provide for the
amplified flow of the tractor trailers
that service these sites.

Two particular industries that have
impacted the Winnipeg market
of late have been the marijuana
industry and the crypto currency
market, both of which rely on
affordable power as the main input
cost for their particular businesses. 1421 St. James St. Unit # 17 | Winnipeg, MB | R3H 0Y9 | +1 (204) 774-2020 | +1-866-421-1670
With our electricity rates being
among the lowest in North America,
we’ve seen significant growth in
both of those industries.

Anything else 1055 Erin Street Winnipeg, Manitoba

we should be looking for 204-775-7141 www.bird.ca
in this sector in 2018?
Any new industrial tenants
coming to Winnipeg?

TD: As we look at 2018, we’ll see
continued demand on the large
tenant side as operators look at
Winnipeg as an underserviced
market in many industries.
The practice of consolidation
in the global economy leads Bird Special Projects Division offers customized
to fewer companies with much construction services:
larger footprints and therefore, the • Tenant Improvements
demand for larger, more modern • Building envelope upgrades
facilities on heftier sites will • Design-Build projects
continue to proliferate. • Additions and renovations
Contact Greg Richards for more information.

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Manitoba 2018 Commercial Building Directory 67