REGINA — Regina’s office market is showing signs of steady recovery after years of uncertainty in the wake of the pandemic, driven by a gradual return to in-person work.
Evan Tangedal, managing partner and senior sales associate with ICR Commercial Real Estate, said suburban office spaces are particularly strong, with businesses eager to provide employees with on-site parking and easy access. “We’ve seen vacancies reduce in the suburban office market,” he said.
Tangedal noted vacancy rates as of late 2025 were just above five per cent in the Warehouse District, around six per cent in Ross Industrial, and under 3.5 per cent in Tuxedo. “The South End was 1.2 and East Regina was 0.75,” he added.
Leasing activity is picking up as companies recognize the value of in-person collaboration. “There’s more willingness for people to get back to the office,” Tangedal said. “The novelty of working from home has started to wear off, and employers are seeing the benefits of collaboration in person.” Interest spans multiple sectors, including engineering, architecture and construction professionals.
While Tangedal has not observed widespread renovations or office-to-residential conversions, landlords are finding creative ways to attract tenants. “They’re offering amenities, larger tenant improvement allowances, free rent and other incentives,” he said.
Rental rates and lease terms have remained relatively steady, and Tangedal expects the market to continue moving forward without major fluctuations. A recent lease of nearly 100,000 square feet in the Canada Life building downtown is expected to further reduce vacancy rates in the core.
Industry data backs up Tangedal’s observations. Reports from Colliers Canada show Regina’s office vacancy gradually declining after pandemic highs, with the recent Canada Life lease serving as a major driver of activity. Nationally, nearly half of commercial real estate professionals expect office vacancy rates to fall in 2026, as return-to-office trends continue to stabilize demand.
“Things will move forward in a positive direction,” Tangedal said. “It’s a slow burn with a return to work, but I don’t anticipate any regression.
