The industrial market for the Saskatoon region remains balanced and stable.
- Vacancy rates increased modestly from 3.5% in Q2 to 3.6% in Q3 while year-over-year vacancy saw a decline of 184 basis points
- The large gains in net absorption observed in the first and second quarters of this year were not seen in this quarter and net absorption for Q3 sits at -28,068 square feet.
- In Q3 2021, the largest capital investment in Saskatchewan’s history was announced by BHP Billiton with an investment of US$5.7 billion in the Jansen Stage 1 project which bodes well for investors and businesses in the city.
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