Eagle Quest Properties

Winnipeg’s commercial real estate market is thumbing its nose at the recession, according to the author of a newly released market report.

In his mid-year report on the local market, called The Johnson Report, Winnipeg commercial leasing agent Wayne Johnson says vacancy rates have held steady through the first half of this year in both the industrial and retail sectors, and have increased only modestly in the downtown office sector.

“If you look at these numbers, you would say there is no recession,” Johnson said in an interview. “The office (sector) is good, the industrial is very good, and the retail is fabulous.”

via Vacancy rates in city stay low, defy recession – Winnipeg Free Press.