Saskatoon Commercial Real Estate
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Overview
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Associated Contact
Senior Vice President / Managing Director
CBRE Limited’s Saskatoon office delivers cutting-edge commercial real estate services in the largest city in Saskatchewan. Our success stems from an unwavering commitment to surpassing client expectations. We focus on helping businesses of all sizes achieve their real estate goals and optimize their financial outcomes. To elevate our service, CBRE Limited has assembled a dedicated team of seasoned commercial real estate professionals specializing in property sales, leasing, valuation, and investment acquisitions.
2026
Stay Up To Date
2026 Canadian Real Estate Market Outlook
‘Uncertainty’ was the operative word for much of last year, and while it will continue to be used in 2026, a clearer narrative is beginning to emerge.
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About Saskatoon, Saskatchewan
Saskatoon, located in the province of Saskatchewan, thrives on its abundant natural resources. Positioned along the South Saskatchewan River, this vibrant city is a hub for agriculture, mining, and energy sectors.
Saskatoon boasts vast farmland, contributing to more than 40% of Canada’s total. It’s a global leader in crop exports, including wheat, lentils, and canola. Recent developments include major agribusiness investments and plans for canola crushing plants - canola oil and canola seed were among Saskatchewan's top three agri-food exports in 2022, with a value of $3.5 billion and $2.7 billion, respectively.
Saskatchewan holds half of the world’s potash reserves and nearly a quarter of uranium production. BHP’s investment of $14 billion in the Jansen potash mine and Gensource Potash’s Tugaske project highlight the sector’s growth. Additionally, rare earth processing facilities are emerging, potentially making Saskatoon a hub for critical minerals used in batteries and electronics.
As Canada’s second-largest oil producer and third-largest natural gas producer, Saskatchewan plays a crucial role. Federated Co-operatives Limited (FCL) acquired Husky retail fuel sites and embarked on a $2.4 billion renewable diesel project. FCL also plans carbon capture facilities at its ethanol complex.
Nutrien, headquartered in Saskatoon, is a global agricultural industry leader. They provide crop nutrients (such as potash, nitrogen, and phosphate) and distribute fertilizers to enhance crop yields and promote sustainable agriculture.
Cameco, also based in Saskatoon, is a prominent uranium producer. Their mining, processing, and global sales of uranium play a vital role in fueling nuclear reactors, which generate low-emission electricity.
Federated Co-operatives Limited (FCL), headquartered in Saskatoon, operates across Western Canada. FCL offers diverse services to member co-ops, including agriculture, energy, food, retail, and fuel distribution.
Saskatoon’s strength lies in its natural resources, hardworking pool of talent and it is well-poised for growth in key industries and emerging economies.
Contacts
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Dallon Kuprowski
Senior Financial Analyst
Shane Endicott
Senior Sales Associate
Recent News
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CBRE’s National Investment Team - Saskatchewan has sold River Centre, a ~75,000 sq. ft. Class A office building in downtown Saskatoon.
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CBRE’s Ben Kelley facilitated the sale and leasing of Phase 3 of Citylife Market, creating new opportunities for retailers in East Saskatoon.
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Canadian office and industrial real estate figures for Q1 2024
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Data from the CBRE Canada Q2 2023 Figures reports show that national office vacancy rose to a 30-year high while the industrial availability began to soften.
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Like Calgary, Saskatoon is a town dependent on resources (agriculture, potash, uranium, oil) and prone to economic booms and busts.
Research Reports
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Report | Intelligent Investment
2026 North American Investor Intentions Survey
Nearly three quarters of commercial real estate investors plan to buy more assets in 2026 as prices stabilize and fundamentals improve.
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CBRE’s H2 2025 Retail Rent Survey presents a snapshot of retail trends and rents for 11 cities across Canada.
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CBRE’s H1 2025 Retail Rent Survey presents a snapshot of retail trends and rents for 11 cities across Canada.
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