Phil Tank: Downtown vacancies show rethink needed in Regina, Saskatoon yxe
to replace downtown libraries more than half a century old, and both have decided on downtown for replacements for decades-old arenas.about locating an arena downtown, despite the belief among some that the arenas will help maintain or restore economic activity.
That issue is especially acute in Regina and Saskatoon, both of which continue to suffer higher downtown office vacancies than is the case in Canada generally. Like Calgary, Edmonton continues to have a high downtown office vacancy rate at 19.2 per cent, while Winnipeg’s is lower at 14.1 per cent.Article contentOne of the culprits for Saskatoon’s downtown vacancies can be traced to the construction of two office towers at River Landing that have attracted tenants from elsewhere downtown, leaving about 105,000 square feet of empty space behind. A CFL field is about 87,750 sq. ft.
Despite a lower rate than Saskatoon, Regina actually had more vacant downtown space, 793,200 sq. ft., compared to 688,751 sq. ft.
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