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Saskatoon Retail Market Report 2021

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research article

As of 2022, we have redefined the Saskatoon retail submarkets to refine our reporting and provide specific data on the retail areas relevant to our market. The result of this data reporting process created a net absorption of 372,093 square feet for 2021, and a decrease in city-wide vacancy from 5.7% in 2020 to 3.7% 2021.

One word that describes the Saskatoon retail market in a post-pandemic world is resilience. Thanks in large part to the Canada Emergency Rent Subsidy program, the dire predictions of high double-digit retail vacancy rates did not materialize in 2021. Although the impact due to the ever-changing public health measures unevenly impacted retailers, the sector moved from crisis in 2020 to stability and recovery in the latter half of 2021.


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Saskatoon Retail Market Report 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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