Private Practice Relocation
Has The Pandemic Lead to Openings for Private Businesses Relocating to the Quinte Real Estate Market?
Even before Covid affected real estate markets around the world, some demographic trends were already in motion.
It’s old news that during the pandemic remote working, quality of life, and personal reflection have led many people to reassess what is most important, or rather, essential. This has caused a shift in priorities, new interests, new life vision and new purpose!
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What Does Local Realty Look Like Post COVID-19?
Most smaller towns and cities have seen a significant influx of home buyers in the past two or three years, and the pandemic has only accelerated and enhanced these simmering changes!
In terms of local realty, Belleville, Prince Edward County and the whole Quinte real estate market have experienced more than their fair share of the socio-economic drift from the cities.
With home sales up 30-40%, and unprecedented increases in sale prices, we have proof that urban buyers are on the hunt for new opportunities in smaller towns.
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What Does The Socio-Economic Drift Mean For Local Realty?
For some, this could mean a change in career. For others, this could simply mean relocating a private, professional practice.
Private Practice
Whether medical, counseling, legal, accounting, or almost any other field, there are local practitioners choosing a new direction and location for their private businesses.
Quinte has seen a significant increase in demand for shared workspace, small offices, retail, and medical professional space - all designed to help private businesses succeed in the local market.
Seeing this exceptional growth has got our team excited! Watching the diversity develop in our communities, helping local entrepreneurs plant their roots, and experiencing the prosperity of this community is truly so life-giving!
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Local Realty Availability For Private Commercial Spaces in Quinte
The Quinte West region has many incredible opportunities for entrepreneurs establishing a business, studio or private practice in the area. In fact, this community embraces and celebrates new potential!
Local Realty Availability:
A variety of commercial spaces for lease
Options for home occupations
Co-working spaces availability
Opportunities to invest in your own business through owning the building you will occupy commercially
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Currently Available in Hastings/Prince Edward:
Office/Industrial Units
Details:
For lease, as little as $300/month.
Freestanding commercial/mixed use buildings - 43
Buildings with an existing business - 14
From large multi-tenant commercial space to smaller boutique buildings in funky neighbourhoods - local realty in Quinte west holds incredible opportunities for industries of all sorts!
Keep In Mind When Shopping For Local, Commercial Real Estate Options:
Here are some tips to keep in mind when searching out local, commercial real estate.
Of course, you will need to be aware of zoning, permitted uses, parking restrictions, and building code requirements.
Financing a building with a partial commercial component is quite different from buying a home. Consulting with a mortgage specialist who has lots of experience with these types of purchases will give you the edge you need in making an informed financial decision.
Preparing a solid business plan for your project/business will help identify needs within your commercial location.
Be thorough with your due diligence and lean on the Rufo Real Estate Team to ensure a safe and equity-enhancing investment!
**Link to interview with Sunita excerpted from Relo Guide.**
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Work With the Local Rufo Realty Team For Your Commercial Real Estate Needs
Needless to say, there is a wide variety of opportunities in the Quinte West area. If you think it might be time for your next chapter, your local real estate agent is a great resource to help start your research off on the right track!
The Rufo Real Estate Team is plugged into the local business community, local politicians and municipal staff, and of course, local realty! You can trust us to help you find your best commercial real estate fit!