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Regina Medical Precinct — Albert Street · Wascana Centre · Regina General Hospital

South Albert / Wascana South Commercial Real Estate

Regina's healthcare and professional office hub. Wascana Centre, Regina General Hospital and a dense cluster of medical specialists, clinics and allied health professionals anchor Albert Street's mid-city commercial strip.

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$16–24Medical Office Gross /sf
$16–26Albert St Retail Net /sf
7.0–8.5%Medical Office Cap Rate
RGHHospital Anchor
Property Types
What's Available in South Albert / Wascana South
Medical Office
$16–24/sf gross
Physician · Specialist · Clinic · Dental
View Medical Office →
Professional Office
$14–20/sf gross
Legal · Accounting · Consulting
View Office Listings →
Retail Strip
$16–26/sf net
Albert Street · Pharmacy · Medical Supply
View Retail Listings →
Area Breakdown
South Albert Submarkets
Wascana Centre Medical Node
Regina General Hospital · Specialists · Clinics
Regina General Hospital (1,200+ beds) is Saskatchewan's largest hospital and anchors a dense cluster of specialist physicians, diagnostic imaging, physiotherapy and allied health providers. Medical office vacancy here is the lowest in the city.
$18–24/sfMedical Gross
RGHAnchor
Albert Street Retail Corridor
Pharmacy · Restaurant · Professional Service
Albert Street runs the full length of South Regina and is the city's primary mid-town retail corridor. Shoppers Drug Mart, national food chains, banks and professional services occupy strip malls and standalone pads along this high-traffic artery.
$16–26/sfRetail Net
High TrafficAADT
Wascana South Professional Office
Law · Accounting · Consulting · Insurance
Professional services firms serving government clients cluster in suburban office buildings adjacent to the legislature and adjacent to Wascana Park. Low-rise suburban office at competitive rents with free surface parking — attractive to firms moving from downtown.
$14–20/sfOffice Gross
7.5–8.5%Cap Rate
7.0–8.5%
Medical Office Cap Rate
$16–24
Medical Office Gross /sf
RGH
Largest SK Hospital
Low
Medical Vacancy

South Albert / Wascana South — Market Overview

South Albert and Wascana South form Regina's primary medical and professional office precinct. Anchored by Regina General Hospital — Saskatchewan's largest acute care facility with over 1,200 beds — the precinct attracts specialist physicians, diagnostic imaging providers, physiotherapy clinics, dental specialists and allied health professionals who need proximity to the hospital's referral network.

Albert Street is Regina's main north-south commercial artery and the precinct's retail spine. National pharmacy chains, banks, medical supply stores, optometry and dental offices cluster along this high-traffic corridor. Net rents for prime Albert Street retail positions range from $16–26/sf, with pharmacy and financial pads commanding premiums. The corridor benefits from the built-in customer base of the medical precinct's daily patient and employee population.

Asset ClassLocationVacancyRentCap Rate
Medical OfficeWascana / RGH Node4–8%$18–24/sf gross7.0–8.0%
Professional OfficeWascana South8–12%$14–20/sf gross7.5–8.5%
Retail StripAlbert Street5–8%$16–26/sf net6.0–7.5%
NNN PadAlbert Street<2%—5.5–6.5%
South Albert FAQ

Frequently Asked Questions — South Albert / Wascana South

What is the South Albert / Wascana South commercial area known for?
South Albert and Wascana South are Regina's primary medical and professional office precinct. Regina General Hospital and Wascana Centre anchor healthcare demand. Albert Street is the main retail and professional services corridor serving this mid-city area.
What are medical office rents in South Albert Regina?
Medical office rents in the South Albert / Wascana South area range from $16–24/sf gross in 2025. Purpose-built medical office near Regina General Hospital commands premiums. Older physician office buildings lease at $14–18/sf gross. Medical vacancy is typically below 8% — among the tightest in the city.
What retail is on Albert Street in Regina?
Albert Street is Regina's main north-south retail corridor. Medical services, pharmacies, dental, banking, restaurants and specialty retail occupy the strip. Net rents range from $16–26/sf for well-positioned strip mall units. Pharmacy and financial pads on ground leases command premium pricing.
What cap rates apply to South Albert medical office?
Medical office cap rates in South Albert range from 7.0–8.5% in 2025. Properties with strong physician group or Saskatchewan Health Authority tenants trade at the lower end (7.0–7.5%). Mixed professional and medical buildings with multiple smaller tenants trade at 7.5–8.5%.
How do I lease medical office space near Regina General Hospital?
Contact Canada's Home Commercial for current South Albert and Wascana South availability. We specialize in medical office leasing and investment sales in Regina's healthcare precinct, representing both physician groups seeking space and investors seeking healthcare-tenanted income properties.

Find Medical Office Space in South Albert Regina

Physician office, specialist clinic or healthcare-anchored retail — our team covers the entire South Albert and Wascana South medical precinct.

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