Conestoga College continues to dramatically expand its footprint in markets across Waterloo Region, Guelph and Brantford with over $92 million in investment spread across 10 properties.
- These properties range from office, industrial, apartment, and retail buildings. Breaking this down by municipality there’s over $14 million in four buildings in Brantford, recent potential expansion into Guelph with the acquisition of the former Co-operators Company office building at 130 Macdonell Street for almost $27 million and just under $51 million invested in the Waterloo Region in four buildings and 0.4-acres of commercial land.
- The challenges faced by landlords in Downtown Kitchener due to the persistent vacancy of large office spaces require innovative solutions and strategic planning. To entice potential tenants, landlords must consider offering increasingly attractive incentives.
- Investment activity within the Region’s office market is picking up with more sale transactions in Q3 than all Q1 and Q2 combined particularly in the months of August and September as interest rates remain steady since the previous hike in July.