A booming population, rapid economic growth and new transportation links are prompting the City of Coquitlam to stimulate its office market.
Coquitlam’s City Centre Area Plan, which is currently being finalized, will work in tandem with a dedicated Office Market Development Strategy to create a dynamic and vibrant downtown core with endless opportunity.
By 2041, the city’s population is expected to rise from approximately 150,000 to 225,000 residents, and Coquitlam is expected to double its jobs in the same period.
David Munro, the City’s manager of economic development, said, “We want to continue to build a balanced community with a wide array of housing types, recreational amenities and a variety of jobs. To meet our job targets, and with more and more business looking for office space, we need to create the market and make Coquitlam a destination for office related businesses.
“Once the policy decisions are approved, our strategy can work to encourage office space to be built in Coquitlam, attract new businesses and retain existing businesses that have outgrown their space.”
Watch for more details on Coquitlam’s Office Market Development Strategy in future editions of Western Investor and online at westerninvestor.com