2024 is having a slightly rocky start to the year with 5,800 of negative absorption but is forecast to perform similar to 2023 as some major large vacancies in the Class A suburban office space will require time to adjust. From Q1 2022 to Q1 2024 suburban the office vacancy rate has decreased 306 (3.06%) basis points and is presently at 10.09%.

CWS Q4 2024 Saskatoon CBD Office Marketbeat Report
Saskatoon’s Central Business District office market continues to adapt in 2024, with landlords implementing aggressive strategies to attract tenants despite challenging conditions. These strategies include