The Regina office market has experienced an upward movement in vacancy reaching 14.1% in Q4 2020 from 13.3% last quarter.
- The average asking net rental rate in Regina dropped slightly from $15.32 PSF to $15.15 PSF this quarter as supply and demand fluctuates with the ever-changing economy.
- Landlords are also looking to to fill vacancies with inducements such as tenant allowances or rent relief to attract potential tenants looking for a modern space that fulfills new COVID-19 guidelines.