http://www.leaderpost.com/business/Downt...le+Avison+Young+says/11299552/story.html
Downtown office market to remain “balanced, stable,” Avison Young says
REGINA — Regina’s downtown office vacancy rate is expected to remain slightly above 11 per cent in 2015, virtually the same as in 2014, despite the addition of 160,000 square feet when the 10-storey Agriculture Place on 1800 block of Hamilton Street is completed this fall, according to Avison Young Commercial Real Estate.
While it’s a far cry from sub-four per cent vacancy rates of a few years ago, it’s comparable to the national average, Avison Young said in a recent report. “It’s pretty balanced and pretty stable,’’ said Richard Jankowski, managing director of Avison Young in Regina.
In fact, top quality Class A downtown office space — which at more than 1.5 million square feet represents 36 per cent of the total office market — is at a premium, with a vacancy rate of less than six per cent, down from nearly seven per cent in 2014. Even with Agriculture Place coming on the market this fall, the amount of vacant space in downtown Class A buildings shouldn’t exceed 90,000 square feet in 2015.
By Bruce Johnstone, Leader-Post August 19, 2015 2:58 PM