Business – Real Estate – Industrial
Industrial
The Saskatoon Region’s industrial market is made up of over 17,000,000 square feet. From 2003 to 2006, virtually all available land has been absorbed through new construction of approximately 825,000 square feet.
Nonetheless, there are many available facilities in the City of Saskatoon and surrounding towns and municipalities. Local development companies are also willing to build or renovate to suit a company’s needs.
Saskatoon (City) Overall Industrial Vacancy Rates
Rental rates on new construction are $7.00 to $10.00 per square foot, with rates more typically in the $4.00 to $7.00 per square foot range on existing product.
The bottom end of this range is set by larger warehouse buildings with minimal office content, lower quality buildings, and older buildings, with the top end set by newer design-built warehouses which may include a fenced yard and upgraded office space. Locations with retail potential often generate rents above this level.
Saskatoon (City) Industrial Market – Historical Sales Data
