The real estate investment market in Saskatoon has stabilized through 2024 as investors and potential vendors adjust to market conditions. The industrial market remains tight with little vacancy. 2024 appears to be a more predictable year with industrial properties transacting as pure investments at capitalization rates that are within reason given the prevailing lending rates.
CWS Q3 2024 Saskatoon Industrial Marketbeat Report
Saskatoon’s industrial market in 2024 has experienced significant tightening, with vacancy rates falling to a record low. This scarcity has driven up asking rates considerably