Uplands Overview
Uplands is a growing northwest Regina community whose commercial component is anchored by Rochdale Boulevard — Regina's primary northwest commercial corridor — and expanding collector road intersections within the neighbourhood. As one of Regina's more recently developed residential communities, Uplands features newer commercial building stock built to current specifications, attracting quality national and regional tenants who prefer modern spaces with efficient layouts, adequate parking, and contemporary tenant improvement packages.
The community's commercial market is in an active growth phase, with new plaza and pad developments bringing additional retail, food service, and professional office supply to the market regularly as the residential population grows. This growth trajectory makes Uplands an attractive commercial market for tenants seeking to establish first-mover positions in a maturing northwest trade area before lease rates and competition increase further.
Key Commercial Corridors
Rochdale Boulevard provides Uplands' primary commercial address, running east-west through the heart of northwest Regina with high average daily traffic counts driven by the large residential population of Westerra, Kensington, Uplands, and adjacent communities. Commercial nodes are concentrated at collector road intersections along Rochdale, where retail plazas and pad sites cluster to serve the surrounding residential blocks with grocery, pharmacy, food service, and professional services.
The Lewvan Drive and Ring Road connections to the south and east of Uplands link the community to the broader Regina metro area and enable residents from across the city to access Uplands commercial nodes for destination-oriented shopping. Several new commercial parcels fronting Rochdale Boulevard between established intersections remain available for development, providing opportunities for operators seeking high-visibility Rochdale frontage at below-peak pricing.
Asset Classes
New Neighbourhood Retail
Modern grocery-anchored and unanchored strip plazas along Rochdale Boulevard providing inline retail space in purpose-built buildings with contemporary layouts and ample parking.
QSR & Drive-Through Pads
Freestanding drive-through restaurant and coffee shop pads on high-traffic Rochdale Boulevard intersections, capturing the large northwest residential commuter flow.
Medical & Professional Office
New-build medical clinics, dental offices, and professional service suites serving the growing Uplands and northwest Regina residential population with convenient access and modern facilities.
Development Land
Fully serviced retail commercial parcels on Rochdale Boulevard, including pad sites and larger developable lots for grocery-anchored plaza or mixed-use commercial projects.
Investment Drivers
Uplands' commercial investment fundamentals are driven by northwest Regina's exceptional population growth. The City of Regina's northwest area structure plan projects continued residential development through the 2030s, with tens of thousands of additional residents adding to the commercial trade area. Saskatchewan's young median age and high birth rate translate into strong household formation rates in northwest communities, supporting sustained retail spending growth that rewards early commercial investors.
Cap rates for well-positioned Uplands retail assets range from 5.25% to 6.25% for new-build national-tenant-anchored properties, reflecting both the quality of new building stock and the growth optimism of northwest Regina demographics. Build-to-suit and new speculative development continue to attract investor and developer interest as the trade area expands with each new residential phase delivered along Rochdale Boulevard.
Development Pipeline
The Uplands commercial pipeline includes two new multi-tenant retail plazas on Rochdale Boulevard expected to deliver 40,000 sq ft of new retail and food service space by 2026, a new medical office building under planning, and multiple drive-through pad site developments targeting national quick-service and coffee franchise operators. Land sales for commercial parcels have been active, with several new pads under purchase agreement for development commencing in 2025 and 2026.