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Saskatoon Industrial Market Report Q1 2022

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As of 2022, we have redefined the Saskatoon industrial submarkets to refine our reporting and provide specific data on the industrial areas relevant to our market.

  • The Saskatoon industrial market continues to perform well for investors and landlords with the vacancy rate declining from 2.7% in Q4 2021 to 2.5% this quarter.
  • Asking net rent has increased 14.2% on a year-over-year comparison.
  • Flex space, or those spaces with an emphasis on office or retail and a smaller warehouse component with low clear height, are staying on the market longer than those better suited for tenants requiring warehousing and distribution space.

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Saskatoon Industrial Market Report Q1 2022

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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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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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