Office Building Market on Fire

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News Article

Low supply, big demand driving up city prices

Murray McNeill, Winnipeg Free Press
24 May 2011

A combination of tight supply and strong demand are driving up selling prices for some suburban Winnipeg office buildings to record highs, industry officials say.

Two shining examples of this trend are the Commissionaires Manitoba building at 50 Stafford St. and the Rischuk Park Realty Ltd. building at 1365 Grant Ave., both of which recently sold for more than $200 a square foot. And in the case of the Rischuk building, it was $260.

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