The retail vacancy rate in Saskatoon was below 4 per cent in 2015 according to a new report from Colliers International. It was the strongest class in the region’s commercial property market, which has been hit with slower economic growth due to the oil rout. As a result of high demand and low vacancy, rental rates advertised for retail space consistently increased in Saskatoon. In 2015, prime retail developments were commanding rental rates as high as $35 net per square foot.

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