Saskatoon Industrial Q2 2022 MarketBeat Summary

The combination of limited supply, unpredictable construction costs, and increased demand has resulted one of the lowest recorded industrial vacacany rates in Saskatoon since 2011. The majority of industrial space available on the market was built prior to the present needs of modern tenants (lower ceiling heights, smaller yard, and fewer loading doors), and buildings that are up to standards are leased or sold in short order.