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Saskatoon Industrial Market Report 2021 Q1

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research article

Saskatoon’s industrial market remained stable to strong on a quarter-over-quarter basis and continues to be a key driver of recovery and growth. A favourable business tax structure, stable to good labour supply and available serviced land contribute to the strength of this asset class.

  • Vacancy has declined for the past couple of years, currently sitting at 4.1%, as limited inventory has been brought to market.
  • Sales activity has been sluggish due to limited inventory but demand remains strong. Cap rate compression will continue because of the overweight in demand versus available supply.
  • There are opportunities for speculative buildings of 10,000 to 20,000 SF in size, which is showing strong potential for growth in the coming year.

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Saskatoon Industrial Market Report 2021 Q1

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For More Information, Please Contact:

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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