The GTA release estate market is rapidly expanding and we are seeing a major shift in the dynamic between homeowners, business owners, renters, and buyers. These trends are driving progressive businesses owners to shift the way they are looking at their property and office spaces, with more and more business owners turning to ownership of their office spaces, with many of which are situated within Toronto’s burgeoning Condo Office market.
Things to Look Out For
We are now seeing a push from business owners to own their real estate, rather than rent for years upon years, losing profits to rising rates while the demand of their business grows. The mechanics and reasoning behind these shifts are simple. In buying their office space they are building equity in their business and most importantly building equity in the real estate holdings of their company.
Smaller office spaces under 20,000 sq. ft. are non-existent within the city core with retail development trying to thrive in an expanding housing market.
Forward-thinking business owners are moving towards purchasing their offices outright, rather than renting them over long periods of time with expensive leases that drain the possibility of financial growth and that are sure to increase in the near future.
Better Businesses and Stronger Communities
Anything that is good takes time, commitment, and effort. Here-in lies the key to positive business to business and person to person interaction and development within a community.
Although purchasing and owning your own office space can take a major initial investment, it is a wise move for any business owner wanting to give their employees the best possible environment to do the best work they can. We have seen a massive shift in progressive businesses thinking about their employees care and well-being as much as those of the client. A move towards owning your office space is a sign that you are putting down roots, committed, stable, and solid.
Trending Office Condos
This market expansion has led to massive changes throughout Toronto’s real estate investment communities and are now pushing business owners to consider more dynamic options for their Toronto real estate. This new wave of development incorporates an amalgam of commercial and residential real estate, with it bringing in the brilliant new mode of Office Condos. Condo development in the GTA has exploded over the last decade, with hundreds of condominiums being approved for construction in the Greater Toronto Area for the coming year. This incredible explosion of development and real estate investment has left many business owners sour over the rising costs of rent.
It is a difficult balance to strike, but commercial property owners are continually trying to keep up with the GTA’s real estate market boom, with tenants suffering from ever-rising rent prices. Because of the massive market spike in Toronto real estate we are now starting to see the beginnings of a new way building and organization commercial properties, with commercial real estate and commercial property owners looking to create more dynamic spaces to live and work in.
SAMM Holdings’ new Regal Plaza mixed-use development at Dixon Rd. and Highway 401 will incorporate customizable office condos as part of its design.
Massive Market Boom Leads to New Opportunities
GTA developers are looking to serve a more entrepreneurial and progressive market, with a focus on small-scale up-market users. With the growth of Canada’s condominium community, we see many benefits ranging from location, convenience, and efficiency, in a world where the pace of growth and production is moving quickly. Homeowners and office owners in the GTA are looking for affordable housing, with prime locations that put them in the thick of the city’s action, bringing businesses, residences, and communities together. The office condo push all over the GTA is working to bring our city together.
The Time is Now
Dynamic hubs are the way of the future and we must work towards building strong communities that serve the growing diverse needs of businesses and individuals that populate the vast expanse of the GTA.
Property ownership provides security along with a long-term gain on financial investment. It is the perfect decision for any established company that is looking to shed the nauseating mess of the rental market and take their business and their life to the next level.