Page 66 - BOMA_2019BuildingDirectory

BOMA recently spoke with TREVOR CLAY about the industrial buildings sector in
Winnipeg. Trevor is a Principal and founding partner of Capital Commercial Real Estate
Services Inc., and Chair of the Commercial Division of Winnipeg Realtors. He is also a
regular panelist for BOMA’s annual State of the Industry Luncheon.

What were some of the Where are industrial vacancy rates at
noteworthy industrial sector deals right now? Any predictions for the next 12 months?
done over the past year?

TC: Overall vacancy rates are currently at 4.1%. We are
TC: The most noteworthy ones were: expecting them to rise with the amount of new product coming
on line in the next 12 months.
• The Stern and Comark Group acquiring 1530
Gamble Place to move Ricki’s, Warehouse One,
Bootlegger and Cleo Where do you see market rents
going in 2019/20?
• Canada Goose leasing 100,000 sq. ft. at 1450
Mountain Avenue
TC: Market average rents will continue to rise due to more new
• Manitoba Liquor & Lotteries leasing 200,000 product being offered for lease. Landlords of existing properties
sq. ft. at 1000 King Edward Street
will have to invest significantly in them.
• DT Tire starting construction on a new 100,000
sq. ft. distribution facility
• Rosenau Transportation leasing 70,000 sq. ft. in
Brookside Industrial Park
• UPS acquiring 20 acres of land in Northwest
Business Park

66 Manitoba 2019 Commercial Building Directory