Saskatoon forecast shows now slowing in development
Development should remain strong in Saskatoon across all commercial real estate sectors in 2012, according to a new real estate forecast by Colliers International.
Tom McClocklin, president of Colliers McClocklin Real Estate Corp., said the vacancy in all asset classes will remain low in 2012, rental rates will be stable or even rise and development will continue in industrial, retail and office sectors.
"For the first time in nearly three decades we are entering a major expansion of the office market," McClocklin told an audience in Saskatoon where he presented Colliers International 2012 Canadian Real Estate Review & Forecast. "Traditionally we haven't been an office city. We've been an industrial and retail city."
Read the full article
here.