Downtown Winnipeg Businesses Moving To Newer Buildings

Winnipeg’s historical agency buildings are staying connected nan marketplace longer.

That’s according to a caller study from Commercial Real Estate Services Canada (CBRE), looking astatine trends successful nan last 4th of 2025.

The study recovered that Winnipeg’s downtown agency vacancy accrued somewhat successful that clip to 18.6 per cent. CBRE officials opportunity that’s not a origin for concern, arsenic galore different cities person akin vacancy rates and beardown downtown areas.

While nan complaint remained stagnant successful Winnipeg, galore businesses person opted to move from 1 downtown location to another. The study recovered those successful what are considered less-desirable areas — lower, older buildings — for illustration successful nan Exchange District, are taking their businesses to newer buildings aliases spaces.

Much of that activity has been to areas betwixt Norte Dame Avenue and Broadway.

“Things for illustration being connected to nan skywalk, having 24-7 security, having modern elevator dispatch systems successful a building. All of those commencement to go much and much charismatic erstwhile you tin spend it,” explains CBRE Winnipeg managing head Paul Kornelsen.

For officials astatine nan Winnipeg Chamber of Commerce, businesses becoming successful capable to move to much desirable spaces is simply a affirmative motion for nan downtown.

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President Loren Remillard says they are seeing much businesses unfastened than adjacent downtown, but explains nan value of filling those now-vacant spaces crossed nan downtown galore person left.

“We request to make judge we person beardown density of business activity successful nan downtown, workers, offices nan themselves,” says Remillard.

“There’s a batch of industries that are supported by nan downtown agency workers — hospitality, restaurants, arts and civilization venues, sporting.”

The CBRE study recovered agency vacancy rates crossed nan metropolis besides accrued little than a per cent successful Q4 2025 to 16.5 per cent.