Friday, March 24, 2023
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact
No Result
View All Result
No Result
View All Result
Home News

Rogers’ Sprawling Brampton Office Campus is a Taste of Things to Come

by Editor
February 3, 2022
in News
Rogers’ Sprawling Brampton Office Campus is a Taste of Things to Come

Downtown Brampton has quietly positioned itself as an tech leader in the GTA, and with last week’s announcement that Rogers is building an office campus there, its plan is coming to fruition.

Brampton’s Economic Development Office conceived of what it calls the Innovation District in 2018 by testing a hypothetical tech hub in the city’s downtown. It held 40 events over the year, which Devin Ramphal, Section Manager of Innovation and Technology, describes as tech socials, and with around 5,000 attendees, he says it was a resounding success.

“They came from as far east as Pickering and Ajax and as far west as Waterloo just to participate in these tech events we were having in Brampton,” he said. “We had outstanding results; our hypothesis was proven.”

With an eye on rendering Brampton unrecognizable by 2051, the inchoate experiment has thusly proven successful, enticing Rogers to become an anchor tenant and build a 200,000 square foot mixed-use office complex in downtown Brampton that will sit adjacently to Brampton GO on Church St.

Brampton is trying to set itself apart from other regional tech hubs like those found in Kitchener-Waterloo and Markham, but particularly downtown Toronto, by developing a niche in cyber security. As a testament to the Department of Economic Development’s confidence in its initiative, the Centre for Innovation—which Shahid Mahmood, Principal Planner for Downtown Brampton, says will have a “cyber range” that he describes as being what a flight simulator is to a pilot—is already complete.

“That is also located in the Innovation District,” Mahmood said, adding that it has a “cyber security accelerator,” and is there to be used by “firms across Canada and the world to scale their companies and grow them.”

The Innovation District has had $50.2 million invested in it from parnters in addition to $25 million from the City of Brampton and $10 million from the federal government, and it will benefit from the so-called Innovation Corridor—transit connectivity to Kitchener-Waterloo and Toronto.

The City of Brampton has also partnered with the Ryerson Venture Zone to encourage entrepreneurship and cultivate homegrown talent, while tech incubator Altitude Accelerator, formerly known as RIC Centre, has enthusiastically made Brampton its new permanent home after moving out of Mississauga. Although still early days, the infrastructure has already graduated 433 startup companies, Shahid says.

Moreover, the Brampton Entrepreneur Centre, located at 41 George St, was used by 400 small business operators in 2019, which leaves little doubt that a major gap in the marketplace is being satisfied.

“Downtown Brampton is in the midst of creating a rich blend, and you have the River Walk and the Centre for Innovation hoping to really build up the streetscape with public realm improvements, which will benefit city and attract future developments,” Shahid said. “This is critical where you see employment and new development come in. Dowbtown Brampton itself received around 6,500 new residential and mixed-use development proposals, so we’re seeing an uptick in interest, and projects like Rogers and the Centre for Innovation are really catalytic and they will transform the city. In the medium term, it will turn the city around.”

In addition to critical infrastructure work, like replacing watermains, the streetscape is being improved with wider sidewalks and greenery. Every principal downtown street will have a dedicated bike lane, and the city is exploring street art and murals.

Jamie Jackson, Jamie Jackson, Managing Director of the GTA Office Practice Group at Colliers, says downtown Brampton has immense potential to develop an office district because it’s cost effective. The vacancy rate was 2.3% last quarter, according to Colliers figures, substantially below the GTA West average of 12.7%, Moreover, while the GTA’s average asking net rent is $24.57 per square foot, it’s only $17.53 in Brampton. Considering that real estate is a cornerstone of most companies’ growth strategies, the downtown Brampton market is well positioned.

“We see that as a high potential area because the primary goal of real estate is to improve company productivity and help them build culture, and to do that you need to be where your staff is,” Jackson said. “There’s a lot of talent in and around Brampton, so we expect to see more developments like [Rogers’ office campus].”

Colliers data indicates there is 31,000 square feet of office space under construction in Brampton with another 390,000 in the planning process, but the calibre of offices will determine popularity, Jackson added.

“There’s a flight to quality that’s pronounced in Brampton, so the city will have very high-end office space,” he said. “The availability rate went from 2.1% in Q3-2020 to 6.8% last quarter across all of Brampton, but if you look at just Class-A space, it went from 1.1% in Q3-2020 to 2.9%, so it went up but nowhere near as much as the overall market, and what that’s showing is it’s a flight to quality.”

Metrolinx’s Kitchener Line, which goes through downtown Brampton, connects the area east of Toronto with Kitchener-Waterloo and it will undoubtedly help Brampton attract more talent. A less onerous commute coupled with the fact that the majority of companies will adopt a hybrid work model, at least once the pandemic subsides, will make working in Brampton an easier proposition than it has ever been.

“More transit always opens up more opportunity for talent because you widen the base which people can commute in, especially in a hybrid working environment,” Jackson said. “We might not see people come in five days a week or 9-5, so transit has a more magnified effect than it did before because it allows Brampton to have a larger catchment area.”

And while Brampton will certainly give other regional tech hubs, like those in downtown Toronto and Kitchener-Waterloo, a run for their money, Ramphal insists the city is merely complimenting them.

“We’re looking to compliment, not compete. There’s a lot of automation and AI in Toronto and in Brampton we’re building a niche around cyber security,” he said. “There’s a lot of growth happening there in the news every single day, and in Brampton we have one of the best partners in the Innovation District in Rogers.”

The post Rogers’ Sprawling Brampton Office Campus is a Taste of Things to Come appeared first on STOREYS.

ShareTweetShare

Related Posts

2 Growth Stocks to Buy and Hold Forever
News

3 Canadian Stocks to Buy That Could be Massive Long-Term Winners

October 13, 2022
Can You Retire a Millionaire by Just Investing in the S&P 500?
News

Can You Retire a Millionaire by Just Investing in the S&P 500?

March 27, 2022
Yes, Canada Has a Housing Affordability Crisis. Is It the Federal Government’s Fault?
News

Yes, Canada Has a Housing Affordability Crisis. Is It the Federal Government’s Fault?

March 27, 2022
21 Toronto Condo Launches You Need to Know About This Spring
News

21 Toronto Condo Launches You Need to Know About This Spring

March 27, 2022
“Slightly More Balanced Market” On the Way For the GTA This Spring
News

“Slightly More Balanced Market” On the Way For the GTA This Spring

March 27, 2022
New Ontario Data Standard Will “Even the Playing Field” For Housing Development Approvals
News

New Ontario Data Standard Will “Even the Playing Field” For Housing Development Approvals

March 26, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

Housing Market Created Good Alternative for Buyers with A number of Properties

Nearly $30 Billion in GTA Housing Linked to Money Laundering

November 18, 2021
How  Canadians can Protect their Money From Inflation

How Canadians can Protect their Money From Inflation

November 30, 2021
That is How A lot it Prices for a Household of 4 to ‘Thrive’ within the GTA

Are Investors the Cause, or Just the Blame, Behind Ontario’s Outrageous Housing Market?

November 26, 2021
A Transformation is on the Horizon for Toronto’s Jane and Finch Neighbourhood

A Transformation is on the Horizon for Toronto’s Jane and Finch Neighbourhood

November 12, 2021
Today’s Housing Market Looks a Lot Like 2017’s… That Should Worry Everyone

Today’s Housing Market Looks a Lot Like 2017’s… That Should Worry Everyone

February 16, 2022
Canadian Start-Up Aims to Deliver Flexible Payment Options for Renters

Canadian Start-Up Aims to Deliver Flexible Payment Options for Renters

January 22, 2022
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact

Copyright © 2021 The Canadian Investor | All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Disclaimer
  • DMCA Notice
  • Contact

Copyright © 2021 The Canadian Investor | All Rights Reserved