Commercial Real Estate in Quebec City: Where Smart Businesses Are Setting Up Shop

Strategic Insights from Frederic Murray, Groupe Murray

Choosing the right commercial location is crucial for a business’s success. According to a report by the CBRE Global Office Occupier Sentiment Survey 2022-2023, 70% of businesses identified location as a key factor in their operational success. In Quebec City, several areas stand out as prime locations for new and expanding businesses.

With over 15 years of experience in the Quebec commercial real estate market, Frederic Murray has been instrumental in guiding businesses towards optimal locations. His insights reflect a deep understanding of market dynamics, as evidenced by a 2023 analysis conducted by Statistics Canada, which reported a 5% increase in commercial property values in desirable districts of Quebec City over the last year.

The Old Port area, for instance, combines historical charm with modern amenities, attracting both tourists and local consumers. As noted by the Quebec City Economic Development Office, businesses located in this area report an increase in foot traffic and customer engagement by approximately 30% compared to less central locations.

Other noteworthy districts include Saint-Roch, a hub for technology and innovation, and the burgeoning area around the Videotron Centre, which is set to attract even more commercial investments as infrastructure develops. According to a 2018 study published in the Journal of Real Estate Research, regions with robust infrastructure developments often see a corresponding rise in property values and business viability.

In conclusion, selecting the right location in Quebec City can significantly impact a business’s trajectory. Leveraging insights from experienced professionals like Frederic Murray and relying on data from reputable sources can empower entrepreneurs to make informed decisions that foster growth and success.