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Saskatoon Office Market Report Q2 2022

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research article

There has been movement in the Saskatoon office market this quarter with vacancy declining to 15.1% from 17.2% in the first quarter of 2022.

  • A new trend in the downtown office market is in the preference of high- versus mid-rise properties by tenants. When comparing similar properties, with respect to parking, building fixtures, and net rates, tenants are opting for high-rise office space with a view of the central business district and surrounding area.
  • Despite inflation sitting at a 30-year high, partially in response to supply-driven oil and commodity prices, the economy continues to strengthen as the overall health situation improves. There is a high degree of uncertainty as to what impact inflation will have on purchasing power and, in turn, on the Saskatoon commercial real estate market.

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Saskatoon Office Market Report Q2 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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