- Office vacancy has experienced an increase of 255 basis points since Q2 2020.
- Asking rates continues to experience a reduction as landlords offer competitive tenant inducements.
- Tenant's have put real estate decisions on hold and have shown a preference for short-term renewals.
Saskatoon Office Market Report 2020 Q4
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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.