Saskatoon Office Market Report Q4 2019

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Significant growth within the City's Central Business District (CBD) has impacted the landscape of the City's competitive office market. Due to a significant introduction of new AAA office space within the City's CBD, coupled with a relatively flat demand, year-over-year vacancy witnessed an increase of 398 basis points to 15.10%.

Report Highlights:

  • Year-over-year CBD Vacancy increased 398 basis points
  • Year-over-year CBD inventory expanded by 6.2%
  • Average asking rates witness a softening due to increase in available supply
  • Landlords willing to be more aggressive with tenant inducements

Saskatoon Office Market Report Q4 2019

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Richard Jankowski

Managing Director | Saskatchewan Brokerage

Saskatoon

As Managing Director of Saskatchewan Brokerage operations, 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 where he spent the past 11 years.

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