Colliers International says Saskatoon’s industrial market has moved into balance over the past 12 months. Vacancy has risen modestly to 5.2 per cent, which the company says, while low, is expected to rise again next quarter as new supply reaches the market. Rental rates have also fallen, although they are up from this quarter last year. Colliers say the rise in vacancy is not the result of an economically driven recovery; rather, it is a re-balancing of landlord and tenant expectations as well as a shortage of new supply. Richard Jankowski, Managing Director of Colliers International in Saskatchewan says, “Saskatoon is showing several positive signs in the industrial market. Sales of investment properties are up from last year, demonstrating a level of confidence in the Saskatoon economy.” Colliers says Saskatoon remains a tenant’s market.