Industrial Market Outlook
Regina’s industrial market has now seen a sustained period of limited activity and rising vacancy rates. Though vacancy rates have declined slowly due to limited new construction over the past two years, Regina’s vacancy rate has nevertheless risen by 21 basis points in the last 12 months.
Several new property sales have been completed over the last half-year at an average of $171, which is inline with prices over the past 5 years. New larger leases seen in the market tend to represent distribution and logistics firms upgrading their spaces... Read the full report for more.
Vacancy Rates by Market:
- Regina - 4.79%
- Sherwood - 4.50%
- Edenwold - 5.96%