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Regina Retail Market Report Q1 2022

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research article

The Regina retail market has held its own over the last year. While local retailers have dealt with the struggles of health restrictions and their ever-changing landscape, there has also been growth in retail niches across the city.

  • Vacancy has dropped by more than 100 basis points to 4.4%. Much of this is the result of expansion by existing retailers, particularly in grocery, liquor and cannabis.
  • Rental rates have decreased in almost all areas of the city, with the overall average of $16.50 per square foot, as landlords attempt to fill vacant space. The highest weighted rates, at $22.00 per square foot, are in the northwest and east submarkets. While new space is being added to the market, it is at a slow pace in order to manage construction costs and prevent inflation on asking rental rates.

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Regina Retail 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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