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The area has a great deal of commercial real estate development, and growth potential. It is interesting to note that the area has been going through some large vacancy rate shifts, and analysts have started forecasting a slowdown in office construction and development, but time will tell if the rates continue to climb. In a recent survey of options in the area, the office vacancy rate of Winnipeg is around 6% and has been rising in recent months. While the area remains positive, and relatively low cost for small business, it is noted that an economical slowdown could be looming. Winnipeg office spaces with many options start at around $425 for a small office in the city center. Of course rates vary by size, location, and amenities, and the average leasing and rental prices change often.. For larger options, space is available starting at around $1.75 a square foot for 1,000 square feet. There are many different options to explore in the area from warehouse spaces, retail storefronts, and full executive suites. We also service Toronto, Montreal, Quebec, and Vancouver.

Economy / Real Estate:

The largest city in the region of Manitoba, Canada in terms of population and economical prowess is Winnipeg. It has been noted that the city houses more than sixty percent of Manitoba's population. It is located on the eastern side of the Canadian Prairies and near two rivers, the Red and Assiniboine. Established around 1738, the French colony became one of the fastest growing cities in the early 19th and 20th centuries due in large part to the transportation and manufacturing sectors of the city. It has grown in a lot of different ways, both economically, and in terms of education. The estimated population of the city of Winnipeg is around 633,451 and a greater metropolitan area of around 694,668. It is currently ranked as the 7th largest city in the country and continues to grow in terms of economy and much more.

Winnipeg Companies:

The city of Winnipeg has a great deal of economic changes with a great deal of focus in finance, manufacturing, transportation, food, and service. The area is the third-fastest growing major city in Canada and has an estimated Gross Domestic Product growth at around 2.5%. The area has a low unemployment rate and it is estimated that nearly 400,000 people are employed in the greater surrounding areas. Some of the larger companies in the city include, McPhillips, Street Station Casino, Club Regent Casino, Arctic Glacier, Old Dutch Foods, Pollard Banknote, Bristol Aerospace, Frantic Films, The Great-West Life Assurance Company, Ridley Inc, Manitoba Hydro, and many more. Despite a large increase in job opportunities, the area still has an unemployment rate of around 6%, which is still relatively low compared to other large scale north American cities.

Winnipeg Weather:

The climate of Winnipeg is cold. In fact, the area has been known for being the coldest city in the world with a large population. While there is some humid climates during the summer, the majority of the autumn and winter months remain below freezing quite often, with a lot of snowfall. The city receives more than 100 inches of snow annually, and has 123 days of precipitation on average. There's also roughly 415 inches of rain annually. The area doesn't get a lot of extremes in the opposite direction but on average the temperatures can reach into triple digits in the summer.