Saskatoon's industrial market has experienced a decrease in vacancy of 90 bps over the past 6 months. The industrial market is now at a competitive state and is believed to remain competitive for the remainder of the year.
- Currently 1,323,402 square feet of industrial inventory is available for lease resulting in vacancy increasing to 5.4%.
- Average asking net rates experienced a modest uptick to $10.18 per square foot.