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Canada
Offices
About
Professionals
... ...ddress
299 Brock Road South
Building A
Guelph, ON N1H 6H9Canada
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Avison Young’s Southwestern Ontario
offices have agents handling the Guel... ...Southwestern Ontario has a population
of more than 1.5 million people and a... ...nomic base and an outstanding quality
of life, Southwestern Ontario is an ideal destination for companies.
MarketsOfficeDriven by the IT and communications sector, including companies such as Research and Motion, Google and Communitech, the Kitchener-Waterloo
office market has continually been strong. Guelph’s
office market continues to grow at a steady pace, driven mostly by the
University of Guelph and agri-sector. Brantford and Cambridge have historically had flat vacancy rates while London has consistently been a strong
office market.RetailThe retail market has been growing steadily over the past five to 10 years. There has been an influx
of both smaller tenants as well as big-box users. They are attracted by both strong population growth in the area as well as developers’ new and rejuvenated sites.IndustrialThe Southwestern Ontario industrial market is continuing to repair itself after a number
of plant closures. Though absorption time for
buildings to be purchased or leased is still longer compared to that
of larger markets, vacancies are being filled by local users and companies and newcomers. Over the past 10 years, several Greater Toronto Area (GTA) firms have come to the area in order to capitalize on favourable pricing, available land and other high-quality product availability.InvestmentThe investment community continues to look at the Southwestern Ontario market for retail, industrial and
office opportunities. This demand is driven by a lack
of product in larger markets and both institutional and private investors looking for good income-producing properties with comparatively higher cap rates.Avison Young in GuelphAvison Young’s roots in Guelph began in October 2010 with the opening
of Avison Young’s Southwestern Ontario
office. After starting with two agents, the
office has since grown to eight employees and become quite active in the London-to-Windsor market. The agents have a combined 50-plus years
of experience completing commercial rea...