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Regina Industrial Market Report Q1 2022

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research article

Regina’s industrial sector continues to benefit from high demand, sustained by strong economic indicators, reaching a new record-low vacancy rate of 1.5%. The demand for space continues to put pressure on supply with no indication this will change.

  • While rental rates have increased year-over-year, they’ve also decreased from $11.70 last quarter due to the quality of available product. Landlords with current vacancies look to entice new tenants with lower asking rates for the quality of product on the market. We expect rates to remain in the $10 to $11 range while inventory remains constrained.

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Regina Industrial Market Report Q1 2022

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Richard Jankowski

Managing Director | Saskatchewan Brokerage

Saskatoon

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.

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Leo Lee

Director, National Research Operations | Canada

Toronto West

Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.

Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.

He has over 10 years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant.

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