Saskatchewan Commercial Real Estate Market – May 2025
May 2025 saw an active month in Saskatchewan's commercial real estate sector, with a total of $14,572,800.00 in commercial property sales. This amounted to 30 commercial properties changing hands, and the average sale price for these properties was $485,760.00. The market remains robust, with a diverse array of commercial property types sold throughout the province.
The average time to sell a commercial property in Saskatchewan was 122 days, reflecting the competitive nature of the market and the diligent efforts of buyers and sellers. However, there was significant variation in property prices, with the highest-priced commercial property being located in Prince Albert, selling for an impressive $3,230,000.00. On the other hand, there was a very affordable sale at just $15,000, underscoring the wide spectrum of commercial real estate options in the province.
Key highlights of the Saskatchewan commercial real estate market in May 2025 include:
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Total Sales Volume:
$14.57 million in total commercial property sales across the province. -
Average Sale Price:
The average sale price of commercial properties was $485,760, showing that commercial properties in Saskatchewan remain affordable yet valuable. -
Most Expensive Property:
A commercial property in Prince Albert fetched the highest price at $3,230,000, setting the bar for luxury commercial real estate in the region. -
Least Expensive Property:
A very affordable commercial property sold for just $15,000, demonstrating that even in a competitive market, there are deals to be found. -
Average Time on Market:
Commercial properties took an average of 122 days to sell, highlighting the steady, but not overly rapid, pace of transactions. -
Diversity in Commercial Properties:
From multi-million dollar retail spaces to more affordable options like small office units and light industrial spaces, the market caters to a wide variety of needs. -
Strong Buyer Interest:
There was notable interest from both local and out-of-province buyers, contributing to a competitive environment. -
Rural vs. Urban:
While urban centers like Saskatoon and Regina saw more activity, rural regions also experienced notable sales, with properties in small towns like Prince Albert seeing higher-end sales. -
Sector Distribution:
Retail and office spaces made up the bulk of commercial sales, with industrial properties continuing to show steady interest. -
Continued Investment Appeal:
Saskatchewan’s commercial real estate market continues to appeal to investors due to its reasonable pricing compared to other provinces, making it a prime location for both local and national investors. -
Challenges in the Market:
One challenge buyers are facing is the limited availability of larger properties that offer expansion potential, making the search for these high-demand properties competitive. -
Outlook for the Future:
The outlook for Saskatchewan’s commercial real estate market remains positive, with continued growth and interest expected in both urban and rural markets.
FAQ Section
Q1: What is the average sale price of commercial properties in Saskatchewan for May 2025?
A1: The average sale price of commercial properties in Saskatchewan for May 2025 was $485,760.
Q2: How long did it take, on average, to sell a commercial property in Saskatchewan in May 2025?
A2: The average time to sell a commercial property in May 2025 was 122 days.
Q3: Where was the most expensive commercial property sold in Saskatchewan?
A3: The most expensive commercial property was sold in Prince Albert for $3,230,000.
Q4: What was the least expensive commercial property sold in Saskatchewan in May 2025?
A4: The least expensive commercial property sold for $15,000.
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