2023 is shaping to be yet another strong year for industrial activity in Saskatoon. Demand for industrial space has already outstripped new supply with a total of 556,612 of positive year to date absorption by the third quarter of 2023.
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