Figures

Winnipeg Industrial Figures Q2 2026

Strategic supply influx meets robust demand, development accelerates

July 6, 2026 5 Minute Read

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  • The Winnipeg industrial market's negative net absorption and increased availability this quarter were predominantly influenced by the introduction of several unusually large listings. Underlying tenant activity remains robust, suggesting market performance was skewed by these specific large-scale availabilities.
  • Rural Municipalities (RMs) demonstrated strong performance, achieving 93,000 sq. ft. of positive net absorption and a 70 basis point (bps) decrease in their availability rate. This contrasts with the city's overall increase in availability and negative absorption, indicating sustained demand for peripheral industrial locations.
  • A slight dip in overall net rental rates to $11.14 per sq. ft. was observed, but this is primarily due to lower-tier product with lower asking rents coming to market, not a broad reduction in landlord pricing. Higher-quality space continues to be absorbed at premium rates.
  • Industrial development is strong, with 406,000 sq. ft. currently under construction, the highest figure since Q4 2023. This renewed momentum, following a post-boom absorption cycle, is driven by persistent tenant demand for modern, high-clearance industrial facilities.