Work

Work

Fact:47.2%of office workers travel to work by bus

 Workers’ Daily Activities [1]

  • 87.3% of office workers are employed full-time (30+ hours/week)
  • 71.6% of office workers take 30-60 minutes for their lunch break
  • 75.4% of office workers dine during their lunch break
  • Majority of office workers travel to work by bus (47.2%)
  • 49.1% of office workers shop or purchase food and beverages downtown 1-3 times/week
  • 60.5% of office workers spend $1-$9/week on coffee/snacks
  • 47.0% spend $10-$29/week on lunch
  • 63.6% of non-downtown residents visit restaurants and/or retail stores before Winnipeg Jets home games

Demographics [1]

  • 78.5% completed University/College
  • 33.5% are ages 25-34 and 23.8% are ages 35-44
  • 52.5% have approximate annual household income of $75,000 and over
  • 59.2% are married/common-law while 40.8% are single

Downtown supports about 69,000 jobs (18% of Winnipeg CMA). This is up significantly since the 2006 census. (NHS-Focus on Geography Series-Winnipeg & Work and Commuting in Census Metropolitan Areas, 1996-2001).

Downtown is the entertainment, cultural and economic heart of the city. Creative industries impact Winnipeg and the downtown economy.

  • 20% of creative industries located downtown (about 680 businesses) [2]
  • 25,000 people employed citywide [3]
  • Helps attract 1.1 million tourists who spend $87 million annually in Winnipeg [3]
  • $1 billion economic output [3]
  • Arts and culture-related events record 2.6 million local admissions and generate 500,000 visits from arts enthusiasts from outside the city [3]

Financial Post Top 500 Corporations Based in Winnipeg

Ranking Company # of employees
57 Cargill Ltd. 8,000
205 The North West Co. Inc. 6,800
175 Manitoba Telecom Services Inc. 5,500
131 The Manitoba Hydro-Electric Board 4,631
91 James Richardson & Sons Ltd. 3,000
146 The Wawanesa Mutual Insurance Co. 2,300
219 New Flyer Industries Inc. 2,200
393 Winpak Ltd. 1,935
325 Manitoba Lotteries Corp. 1,900
285 The Manitoba Public Insurance Corp. 1,700
400 Boeing Canada Inc. 1,600
390 Manitoba Liquor Control Commission 1,200
344 Ridley Inc. 835

WINNIPEG OFFICE SPACE INVENTORY & VACANCY [4]

BUILDING TYPE

INVENTORY

VACANCY

%

DOWNTOWN
CLASS A

2,652,869

132,107

5.0

CLASS B

3,874,572

273,391

7.1

CLASS C

1,779,755

159,509

9.0

 TOTAL A, B, C  

8,307,196

 

565,007

 

6.8

 CLASS D

1,001,001

62,843

6.3

GOVERNMENT

1,774,160

143,000

8.1

MEDICAL

464,802

50,262

10.8

MISCELLANEOUS

1,501,687

213,853

14.2

 DOWNTOWN TOTAL  

13,048,846

 

1,034,965

 

7.9

 

 YEAR END CLASS A TO C DOWNTOWN VACANCY RATE [4]

 

YEAR END CLASS A TO C DOWNTOWN VACANCY RATE SUMMARY

 

YEAR

 

CLASS A

 

CLASS B

 

CLASS C

 

OVERALL

 

2004

10.0%

4.3%

4.4%

6.1%

 

2005

8.4%

5.9%

5.3%

6.6%

 

2006

9.0%

5.1%

3.4%

6.0%

 

2007

5.7%

7.4%

1.7%

5.8%

 

2008

5.1%

3.0%

2.5%

3.7%

 

2009

3.8%

7.1%

4.2%

5.4%

 

2010

4.8%

7.0%

5.6%

6.0%

 

2011

5.1%

7.8%

6.7%

6.7%

 

2012

4.3%

8.9%

7.6%

7.2%

 

2013

5.0%

7.1%

9.0%

6.8%

YEAR END RETAIL VACANCY RATE DOWNTOWN [4, 5]

20147.3

Year Retail
2004 12.1
2005 12.4
2006 12.7
2007 10.7
2008 9.5
2009 10.2
2010 11.0
2011 11.1
2012 12.1
2013 8.5
2014 7.3
2015 5.8

YEAR END RETAIL VACANCY & AVERAGE ASKING NET RENT [4]

 

DISTRICT

 

VACANCY

 

RENT

 

VACANCY

 

RENT

YEAR END RETAIL VACANCY & AVERAGE ASKING NET RENT

2012

2013

 DOWNTOWN

156,181

$16.46

109,468

$16.74

Recent Downtown lease transactions [6]

2012 Leases Transactions Tenant / Buyer

Class

Sq. Ft.
201 Portage Ave Tetrem Capital Management

A

30000

201 Portage Ave RBC Wealth

23000

155 Carlton Provincial Government

B

11,109

444 St. Mary Avenue Great West Life Assurance Co.

B

22,632

386 Broadway Provincial Government

B

20,000

294 Portage Ave Opportunities for Employment

C

12,123

363 Broadway Provincial Government

B

6,124

311 Portage (Centrepoint) Stantec

A

50,000

287 Broadway Legal Aid Manitoba

21,000

352 Donald St Manitoba Housing

71,000

2012 Sales Transactions
330 St. Mary Ave. & 175 Hargrave St. Investors Real Property Fund

B

218,982

2012  Construction Completions
The AvenueBuilding ESI Inc.

22,000

UnionBankTower (Paterson Global) Red RiverCollege

100,000

 

2012 Projects Under Construction
111 Lombard HRSDC

A

210000

352 Donald St. (Heritage Retrofit) Provincial Gov’t

84000

311 Portage Ave (Centrepoint) ALT Hotel, Stantec Inc.

A

200000

272 Main St (Heritage Retrofit)

30,000

2011 Leases Transactions Tenant / Buyer

Class

Sq. Ft.
330 St. Mary Ave. Public Works and Gov. Service Can

14,000

352 Donald St. Mb. Housing

71,000

265 Portage Ave Employment Solutions for Immigrants

22,000

191 Lombard Innovatis

C

3,564

 

2011 Projects Under Construction
500 Hargrave St. WRHA

38,000

Over 31.9% of office workers exercise during their lunch break [1]

There are a number of gyms and other fitness facilities in the downtown area:

  • YMCA – YWCA Downtown
  • Yoga Public
  • Bikram Yoga
  • Urban Wellness Centre
  • Goodlife
  • Pan-Am Boxing
  • Higher Level Fitness

[1] Downtown BIZ Trends Survey, 2013
[2] IUS, 2012
[3] Winnipeg Arts Council (Ticket to the Future: Economic Impact of the Arts and Creative Industries, 2009) and (Ticket to the Future Phase II: A Cultural Action Plan, 2011)
[4] The Johnson Report: 2013 Year End Market Report
[5] Downtown Winnipeg 2016 Trends Update, July 18, 2016