![]() The lower vacancy reflects an absorption of 54,784 square feet, which ICR attributed in significant part to the booming company Vendasta tripling its footprint at Saskatoon Square. The most recent analysis is for the third quarter of 2021, when the downtown vacancy rate was 13.97 per cent, an improvement from 15.49 per cent in the second quarter. ICR Commercial Real Estate provides reporting on Saskatoon real estate vacancies, so I turned to their publications for further insight. The demise of the office is not immediately looming, despite much conversation last year. Downtown remains a bit quiet, in my limited experience.īut clearly, some big companies think they’ll return to something like normal others are customer-facing, so there’s no option but to function in a publicly-accessible space. People working from home earlier (mostly) in the pandemic largely emptied out the downtown, and likely other office-heavy areas. ![]() ![]() It’s been an interesting time for offices. This got me wondering about the present state of downtown real estate, specifically office space. ![]()
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