Downtown
Limited demand means the Regina downtown office market remains a tenant market with ample opportunity for relocation and thorough negotiation. Through 2019 landlords will continue to compete for new tenants and renewals and therefore rental rates will likely see downward pressure in the short to medium term.
- Inventory: 4,097,88
- Net Absorption: -22,495
- Vacancy Rate: 11.36%
- Average Asking Rate: $17.44
Suburban
Regina’s suburban office market continues to remain relatively flat as it has moved between 11% and 14% vacancy rates over the past 4 years. The nature of Regina’s suburban market ensures that small changes in tenants is represented in sharp swings of the vacancy rate. Nevertheless, Regina has remained steady over the last 6 months with limited vacancy.
- Inventory: 1,120,414
- Net Absorption: 31,242
- Vacancy Rate: 11.23%
- Average Asking Rate: $20.07
