Commercial and Industrial Real Estate

Regina and Industrial Real Estate
Industrial Market
Vacancy Rate	5.6 %
Land Values*	$ 70,000.00

Office Market
Vacancy Rate	2.60 %
Lease Rate**	$ 16.00

Retail Market
Vacancy Rate	6.40 %
Lease Rate***	$ 15.00

Apaartment Market
Vacancy Rate	3.30 %
Average Rent****	$ 619.00
* full serviced acre, most active land market (2005)
** per sq. ft., Class A downtown (2005)
*** per sq. ft., prime streetfront (2005)
**** 1-bedroom (2006 data)
Source: Colliers, canada Mortgage and Housing Corporation

With respect to real-estate costs, Regina is the most competitive major city in Canada. Industrial land prices, at $70,000 per serviced acre, are dramatically less expensive when compared to Calgary at $375,000, Toronto at $575,000, and Vancouver at $625,000.

Regina also excels in the market for office real-estate. At $16 per square foot for Class A downtown space, Regina is comparable to Vancouver also at $16 and offers savings when compared to Calgary at $20 and Toronto at $21.

The retail market is significantly less expensive than competing cities at $15 per square foot for prime street-front. Compare this to Calgary’s at $55 and Vancouver and Toronto’s at a whopping $180 and $195 per square foot respectively.

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Commercial and Industrial Real Estate