The current Saskatoon downtown population is 3,106 individuals according to eHealth Saskatchewan which is down from a high of 3,331 in 2020.
With this limited population base, Saskatoon has struggled to attract a downtown grocery store.
The City of Saskatoon doesn’t appear to be moving quickly but they are progressing with discussions to reopen a farmers’ market in its previous location.
The announcement came out publicly during this week’s City Council on Monday, August 30th despite negotiation in play since February 2020.
So who is the mystery tenant?
Ongoing expansion in our Saskatoon commercial retail sector has resulted in the overall supply exceeding demand.
Our 3Q19 retail market update reports the average vacancy rate has edged up to 4.6 per cent.
Let’s look at where that expansion is taking place and the
market locations where the most interesting vacancy story can be told.