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Regina Retail Market Report Q4 2020

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research article

The retail market in Regina has evolved in 2020 due to the pandemic. Reduced capacity guidelines have pushed retailers to leap into services like curb-side pickup and independent ecommerce websites.

  • Vacancy has stayed relatively steady at 6% overall, a slight increase from the last quarterly report.
  • In the last quarter of 2020, there was an upsurge in in-store traffic as residents were encouraged to avoid private gatherings and go out to public venues. This has encouraged the arrival of new merchants like Charmed Aroma and Scorteus Leather in the Cornwall Centre.
  • At the close of 2020, average rental rates were at $17.72 PSF; the federal government continues to offer rent relief programs for commercial tenants to help them keep their doors open.

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Regina Retail Market Report Q4 2020

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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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