Investors are Buying Commercial Real Estate in Hamilton. Here’s why.
CBRE released their “Tech Talent market rankings” by wages, labour pool, cost and much more. It’s no surprise that Hamilton Ontario Canada ranked #3 as a “spillover” city for tech talent.
This CBRE report reinforces the top-notch talent, a great education system, fantastic quality of life and not to mention the geographic importance of Hamilton as part of the Innovation Corridor in Ontario which is anchored by the Greater Toronto & Hamilton Area (GTHA) and Waterloo regions.
Toronto (which ranked number three behind San Francisco and Seattle within this CBRE Tech Talent report. CBRE is one of the world’s largest commercial real estate firms with over 200 offices and 34,000 employees around the globe.
Business reporter Michael Lewis of The Toronto Star reported on Tuesday, July 16th, 2019 the CBRE report “rated the San Francisco Bay Area at number one, followed by Seattle and Toronto. While tight job markets and rising costs have dampened hiring momentum in some leading tech hubs, they have also spurred “spillover” demand for expansion and hiring in smaller cities across North America. These include Waterloo and Hamilton, according to the 2019 ranking”. Lewis also outlined “opportunity” markets posted dramatic growth in jobs over the past five years, with Tucson Arizona up by 90 percent, followed by Hamilton Ontario at 52 percent and 40 percent for Waterloo. Full CBRE report can be downloaded here.
If you require further information on investing in commercial real estate in Hamilton, Ontario, please visit INVEST IN HAMILTON or call 1-800-868-1329.
