Figures

Winnipeg Industrial Figures Q1 2026

Uptick in development as tenant demand for new-age product rises

April 9, 2026 5 Minute Read

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‒    Tenant activity steady as recent industrial developments begin to be absorbed, allowing developers to look at further new development in the coming quarters.

‒    Positive net absorption of 42,000 sq. ft. led to a 10 basis point (bps) decrease in the overall industrial availability rate.

‒    426,000 sq. ft. of industrial product is currently under development throughout the city and RMs, the highest construction figure observed since Q4 2023.

‒    Industrial average rental rates remained level with a slight bump of $0.05 per sq. ft. quarter-over-quarter, settling at $11.43 per sq. ft.