
I was a bit off the mark!
One year ago, I predicted that the Saskatoon Industrial vacancy rate would slip under 5 per cent by year end. It was sitting at 5.32 per cent at that time.
We’re just about to release our 4Q 2021 market reports which will show that the average industrial vacancy rate declined by 1.33 per cent to 3.99 per cent.
With a positive net absorption of 42,147 SF quarter over quarter, that rate of decline accelerated after a 1.23 per cent drop that took place over the two previous years.

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