Positive Outlook For London’s commercial Real Estate Market

Positive Outlook For London’s commercial Real Estate Market

Things are looking up for London’s commercial real estate market thanks to a thriving local tech sector.

During CBRE’s annual Southern Ontario Market Outlook we received an update on the overall state of the commercial real estate sector in London, Ontario.

Here are some key points from the commercial real estate market update:

• London’s industrial availability rate now stands at 7.8 per cent
• That number is expected to drop further to 7.1 per cent during 2017
• More than 1000 jobs where created in the tech and digital media sector last year
• Several of these firms have leased large spaces around the downtown core
• These firms account for over 150,000 sq. ft. of space

At LondonOntarioRealty.com one of our most valued clients is one of these tech firms. They recently leased some very nice commercial space close to downtown.

Fanshawe College has obviously looked at this sort of growth and taken steps to be involved. The new digital media programs from Fanshawe College will be hosted in a new location downtown.