Are you interested in becoming the owner of a commercial building in Kelowna? If so, let Carlo Giusto *PREC help you find the perfect property! His years of experience will surely prove to be an invaluable asset during your search.
Purchasing commercial property is a smart investment for both now and the future. Kelowna is a city filled to the brim with possibilities for commercial property, whether as the home of your future business or as an investment to attract a lessee. With that in mind, here are a few advantages of buying commercial property in the hub of the Okanagan Valley:
Kelowna is, hands-down, one of the main attractions in British Columbia. Beautiful natural scenery, fantastic weather, a bustling downtown, and thriving cultural districts attract many people to visit. Some people fall in love with the city so much that they decide to move to Kelowna. With more people living in the city, and plenty of room for even more people, there will be a large demand for businesses and commercial property.
Kelowna may have a small town feel to it, but it certainly possesses big city amenities and infrastructure. Existing commercial properties can easily accommodate virtually any type of business you can think of. Whether it’s a law firm, beauty parlor, café, retail shop, or a restaurant, there is sure to be the necessary infrastructure to help your business hit the ground running. In other words, the great infrastructure here in Kelowna means that commercial properties will always have tenants scrambling for space.
SMALL BUSINESS-FRIENDLY ENVIRONMENT
The Canadian Federation of Independent Business ranked Kelowna as the second-best city in Canada for entrepreneurs to start a new business. In fact, Kelowna has the highest self-employment rate in Canada thanks to the numerous resources and opportunities available in the city. Additionally, residents have bought into the “shop local” mindset, resulting in a lot of support for local businesses.
Over the years, Kelowna has undergone many changes. Some of the important changes that have happened include the completion of the Coquihalla Highway, which connects Kelowna and the Lower Mainland, and the continued improvements and growth of Kelowna International Airport. When a city grows the way that Kelowna has, savvy investors understand that there will be a rise in demand for products and services in both the immediate and the long-term future.
The British Columbian government and the city of Kelowna are very supportive of small businesses. Tech companies receive many benefits and rebates to set up shop in Kelowna. Similarly, many start-ups receive certain rebates as well. Of course, British Columbia also offers low tax rates.
If you are interested in buying commercial property in Kelowna, don’t hesitate to get in touch with me. Simply give me a call or send us a message through the contact form below and I’ll help you in any way I can.
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