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Saskatoon Industrial Market Report Q3 2021

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research article

The industrial market for the Saskatoon region remains balanced and stable.

  • Vacancy rates increased modestly from 3.5% in Q2 to 3.6% in Q3 while year-over-year vacancy saw a decline of 184 basis points
  • The large gains in net absorption observed in the first and second quarters of this year were not seen in this quarter and net absorption for Q3 sits at -28,068 square feet.
  • In Q3 2021, the largest capital investment in Saskatchewan’s history was announced by BHP Billiton with an investment of US$5.7 billion in the Jansen Stage 1 project which bodes well for investors and businesses in the city.



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Saskatoon Industrial Market Report Q3 2021

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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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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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