CWS Q1 2024 Saskatoon CBD Office Marketbeat Report Summary

Saskatoon’s office market as a whole continues to recover post COVID-19 with falling vacancy in both the CBD and in the Suburban markets. In Q1 2022 downtown office vacancy reached a near record high of 24.31% and over the past two years the vacancy rate has steadily declined by 419 (4.19%) basis points ending Q1 2024 at 20.12%.