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Saskatoon Industrial Market Report Q3 2022

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research article

The industrial market remains strong throughout the Greater Saskatoon Region, as demand for industrial space exceeds available inventory.

  • The industrial vacancy rate is currently sitting at 2.2%, marking a slight improvement over the all-time low of 2.1% experienced in the second quarter of 2022.
  • Saskatoon continues to be short on supply of General Light Industrial land, a trend that has continued from the first quarter of 2022.
  • Despite the continued demand for industrial space, rents have remained relatively stable, with average weighted asking net rent sitting at approximately $11.36 per square foot this quarter. This stands in contrast to industrial sales prices, which experienced a year-over-year increase of 12.3% in Q3 2022.

Saskatoon Industrial Market Report Q3 2022

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Pour plus d’informations, veuillez contacter:

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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