When it comes to cities with the greatest potential for business success, no other comes close to the accolades received by Vancouver. According to leading Canadian business media authority Profit Guide, Vancouver ranks within the Top 20 of the best places to do business in the nation. Financial authorities like KPMG Canada also ranked the City of Glass as the most tax competitive city in the world, as seen in its low tax rates, affordable housing options, and the low cost of goods and services.
Statistics on Land Use in Vancouver
The City of Vancouver is home to more than 650,000 residents. This vast metropolitan region spans across 2,800 square kilometers, with around 900 square kilometers dedicated for urban developments like residential, industrial, and commercial structures. Around a third of this portion for development has been allotted for agriculture and farming. The rest of the land in Metro Vancouver has been maintained as open spaces or nature preserves.
Getting into Business
When looking at Vancouver commercial real estate listings, one needs to think about what type of industry he or she wants to venture into. As reported by the Business Council of British Columbia, a large percentage of residents in the province are employed in the retail or trade sector, with over 190,000 jobs as of 2015. On close second and third are jobs in the healthcare and professional sector, offering 150,000 and 130,000 positions respectively.
Support from a Business Broker
Real estate listings show a wide array of property types that can be converted into successful businesses. In various neighbourhoods in Vancouver, one can find vacant lots, warehouses, apartment buildings, and more.
One can also filter their search based on the lot area or the floor areas of commercial spaces available. With the help of an experienced business broker, getting a jumpstart on a new business becomes easier, and landing the ideal location can be hassle-free.
Business brokers can effectively advise budding entrepreneurs and new business owners about what industries are the best to try in Vancouver. Plus, they can give tips on how to save thousands of dollars when buying real estate for business use. When new owners finally find a location they desire, the business broker will expertly negotiate for a good price on their behalf.
Sources:
Business Broker, Entrepreneur.com
Business Counts and Employment by Industry, BCStats
Vancouver and other Canadian cities fare well in Mercer survey of quality of living, CBC.ca
Canada’s Best Places for Business 2016, ProfitGuide.com
