Saskatoon Retail Market Annual Report 2019

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research article

The prominence of the retail nodes within emerging neighbourhoods has fueled development activity since 2014 and 2019 was no different. Over the past 6 years, the retail sector has grown by nearly 12.8% as a result of new inventory introduced throughout the City. Much of this inventory has been developed within emerging neighbourhoods such as Brighton, Kensington, The Hamptons, and The Meadows.

Report Highlights:

  • Year-over-year Vacancy declined by 19 basis points to 4.61%
  • 370,325 square feet of new inventory introduced throughout the year
  • Asking rates for new inventory hold steady; existing rates witness a modest softening

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Saskatoon Retail Market Annual Report 2019

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For More Information, Please Contact:

Richard Jankowski

Managing Director | Saskatchewan Brokerage

Saskatoon

As Managing Director of Saskatchewan Brokerage operations, Richard's focus is on creating and executing growth strategies through business development and service excellence. In this role, he provides leadership and professional development to the Saskatchewan brokerage teams located in Saskatoon and Regina. Richard has extensive experience in various aspects of commercial and industrial development, commercial real estate operations, project and asset management, and human resource administration. He joined Colliers International after prior roles as a General Manager at Viterra, Chief Operating Officer at FarmPure Foods and most recently, as Managing Director at Avison Young where he spent the past 11 years.

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Keith Webb

Vice President | Sales Associate

Saskatoon

Keith works with Maxwell Lee, specializing in greenfield retail development, land assembly, leasing, and sales. He offers clients extensive knowledge with over 31 years of brokerage experience. 

Keith has used his Market knowledge to successfully lease over one (1) million square feet of Retail space within the Saskatchewan  Market.

Keith believes in honesty and reliability, his straightforward demeanor gives clients hard facts without fabrication. These characteristics have secured the trust of clients, leading to numerous successful transactions.

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