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Regina Inner City — North Central · Light Industrial · Heritage Conversion

Warehouse District & North Central Regina Commercial Real Estate

Regina's historic warehouse precinct north of the downtown core. Light industrial flex space, heritage brick warehouse conversions, creative office and studio space. Among the most affordable inner-city commercial zones in Western Canada.

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$9–13Flex/Industrial Net /sf
$12–16Creative Office Gross /sf
7.0–9.0%Industrial Cap Rate
HeritageBrick Warehouse Stock
Property Types
What's Available in the Warehouse District
Light Industrial / Flex
$9–13/sf net
Flex Bay · Warehouse · Shop
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Creative Office
$12–16/sf gross
Heritage Brick · Open Concept · Studio
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Street-Front Retail
$12–18/sf net
Corridor Retail · F&B · Maker Space
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Area Breakdown
Warehouse District Submarkets
Heritage Warehouse Core
Brick Warehouse · Creative Conversion
Concentration of late-19th and early-20th century brick warehouse buildings north of the CPR tracks. Architecture firms, design studios, breweries and arts organizations occupy converted space. Lowest rent per square foot in the inner city for character space.
$12–16/sfCreative Office Gross
HeritageBuilding Stock
North Central Flex
Light Industrial · Storage · Flex
Utilitarian flex bays and light industrial buildings serving tradespeople, contractors, auto repair, storage users and small manufacturers. Dock-high and grade loading. Lowest industrial occupancy cost in the city for small bay users needing proximity to downtown.
$9–13/sfNet Rent
Small Bay1,000–5,000 sf
Corridor Retail Streets
Street-Front · Independent Retail · F&B
Albert Street, Dewdney Avenue and connecting corridors carry neighbourhood retail serving North Central residents and employees. Independent restaurants, convenience and service retail. Growing arts and culture scene improving foot traffic on key blocks.
$12–18/sfRetail Net
NeighbourhoodCatchment
7.0–9.0%
Industrial Cap Rate
$9–13
Flex Net Rent /sf
Inner City
Location
Heritage
Building Stock

Warehouse District Regina — Market Overview

Regina's Warehouse District and North Central area occupy the inner city north of the CPR rail corridor. This precinct contains some of Regina's oldest commercial buildings — late-Victorian and Edwardian brick warehouses that served the early prairie grain economy. Many of these buildings have been converted into creative office, studio, brewery and gallery uses while retaining their original exposed brick and timber beam character.

For industrial users seeking affordable inner-city locations, North Central offers light industrial and flex space at rates well below the North Industrial Zone. Small bay units ranging from 1,000–5,000 sf are popular with tradespeople, contractors, auto repair shops and small manufacturers who need proximity to the city's residential areas they serve. Dock-high and grade-level loading is common throughout the area.

The area's investment profile is improving as creative economy businesses recognize the value of heritage character space at affordable rents. Cap rates of 7.0–9.0% for industrial and 7.5–9.5% for mixed-use heritage properties reflect both the yield opportunity and the higher management intensity of smaller, older buildings with diverse tenant mixes.

Asset ClassSubmarketVacancyNet RentCap Rate
Light Industrial / FlexNorth Central6–10%$9–13/sf7.0–9.0%
Creative OfficeHeritage Warehouse Core10–15%$12–16/sf gross7.5–9.5%
Street RetailCorridor Streets10–15%$12–18/sf7.0–8.5%
Land / InfillArea-Wide——$200–350K/ac
Warehouse District FAQ

Frequently Asked Questions — Regina Warehouse District

What commercial real estate is available in Regina's Warehouse District?
Regina's Warehouse District offers light industrial flex space, heritage warehouse conversions for creative office and studio use, storage and distribution bays, and ground-floor retail along corridor streets. It is one of Regina's most affordable inner-city commercial zones. Contact Canada's Home Commercial for current availability.
What are industrial rents in Regina's Warehouse District?
Light industrial and flex space in Regina's Warehouse District ranges from $9–13/sf net in 2025. Heritage warehouse conversion office space runs $12–16/sf gross depending on finish level and tenant improvements provided. These are among the most affordable inner-city commercial rates in Western Canada.
What cap rates apply to Warehouse District properties?
Cap rates in Regina's Warehouse District range from 7.0–9.0% for light industrial and flex, and 7.5–9.5% for mixed-use or office-converted warehouse properties. The area offers higher yields than North Industrial due to older building stock and more management-intensive tenancies with smaller, diverse tenants.
Is the Warehouse District gentrifying?
Regina's Warehouse District is experiencing gradual gentrification as creative businesses, breweries, arts organizations and design firms seek affordable space close to the downtown core. This trend is improving retail viability on key corridors but has not yet materially lifted industrial rents — creating a window to acquire income properties before this shift is fully priced in.
How do I lease warehouse or flex space in North Central Regina?
Contact Canada's Home Commercial for current availability in the Warehouse District and North Central Regina. We represent both landlords seeking tenants and businesses seeking light industrial, flex and creative office space in this inner-city location.

Find Warehouse & Flex Space in North Central Regina

Heritage warehouse conversion, light industrial bay or creative studio — our team covers every building in the Warehouse District.

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