Figures

Winnipeg Industrial Figures Q3 2026

Robust absorption fuels market tightening as development pipeline matures

October 7, 2026 5 Minute Read

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  • Winnipeg’s industrial market saw strong tenant activity this quarter. Notable leases at 1530 Gamble Place and 11 Plymouth Street fueled significant net absorption, tightening availability and displaying that demand for high-quality, large-scale space remains resilient.
  • The city was the primary catalyst for this tightening, led by dominant performance in the Southwest and Northwest submarkets. This intense activity reflects a rapid, competitive appetite for well-located industrial inventory within city limits.
  • Overall net rental rates trended upward as occupiers prioritized modern, high-clearance facilities. While city rates held steady, the RMs saw increased benchmarks, emphasizing the premium value placed on high-performance assets with superior functional specifications.
  • Construction remains robust with 493,000 sq. ft. underway. This volume reflects long-term developer confidence and will provide the modern inventory necessary to resolve the persistent supply constraints that have long challenged occupiers throughout the region.