Welland, Ontario has become a commercial real estate investment hotbed in the last five years due to a few significant changes; a residential housing boom, the revitalization of Welland’s downtown, new institutional investments and an aggressive economic marketing strategy. Together these changes have significantly increased commercial investors’ interest in Welland.
GE Canada, Niagara College and Northern Gold Foods are just a few examples of recent investments. Furthermore, there has also been interest in many of Welland’s brownfield plots for future development consideration including 400 East Main St.
Welland’s Commercial Real Estate Landscape
Along with a consistent increase in commercial transactions, residential development starts have grown significantly. Last year alone the City of Welland issued 620 building permits with a total construction value of over $81 million; a building permit total that is more than the past five years combined.
Investments have been wide ranging touching on primary market segments: industrial, commercial, retail and residential.
Welland’s waterfront has also become particularly appealing to investors. Following the success of the Flatwater Centre, the City opened its waterfront lands to strategic growth opportunities. Apart from residential development, Welland's waterfront property is enticing to industry due to the proximity and convenience of canal shipping.
Welland’s industrial parks have also contributed to development growth. These serviced plots benefit from multi-modal transportation, competitive incentives and a willing City Building Department.
Commercial Investment Opportunity - The Welland Mews
The Welland Mews is a well-placed two-storey commercial building in the downtown commercial core and is currently for sale. Located adjacent to City Hall and close to Civic Square, this high-traffic plaza, anchored by TD Bank with ample parking offers an ideal commercial investment opportunity.
Address: 120-140 Main Street East, Welland
Building Size: +-26,798.89 sf
Occupied: +-20,481.75 sf
Vacant: +-8,543.77 sf
To learn more about the Welland Mews click here.
While 2016 indicated a growth year, 2017 is trending to surpass that new benchmark. Commercial real estate continues to heat up making now the time to invest in Welland, Ontario.