Office
There is over 6,000,000 square feet of office space in the City of Saskatoon, with 53% of the inventory located in the downtown core. On a city-wide basis, office vacancy decreased from the 6.1% in 2007 to the current estimate of 5.6%. Vacancy in the downtown office market dropped by a full three percentage points, from 8.2% in January 2007 to 5.2%.
Face rates in the suburban market tend to be at similar levels as the central core buildings, primarily the $6.00 per square foot to $15.00 per square foot range.
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Class
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Asking Face Rate per square foot
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Operating Cost per square foot
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A
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$12.00 - $16.00
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$9.00 - $10.50
|
|
AB
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$10.00 - $14.00
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$8.00 - $9.50
|
|
B
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$8.00 - $14.00
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$7.00 - $9.00
|
|
C
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$5.00 - $8.00
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$4.00 - $8.00
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