MarketBeat
Report

Through 2025, Saskatoon added 424,635 SF of new industrial inventory, however, demand outpaced supply with 474,115 SF of positive absorption leading to a decline in the overall industrial vacancy rate. The strong ongoing demand for industrial space in Saskatoon has reduced vacancy to 2.54%, or approximately 622,304 SF. 52% of available inventory  (or 323,136 SF) consists of industrial properties built within the last three years with advertised net asking rates over $15.00 NET PSF. An additional 443,983 SF of industrial space has either commenced or expected to commence in 2026, which likely will do little in shifting the balance of power from a landlord’s market.