(Posted on May 22, 2016 at 01:00PM by Michelle Bogle)
Homeowners aren’t the only group of people that Surrey is luring away from Vancouver.Â
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With a plan to remake the city into a science and technology hub for the private and public sectors, Surrey has also enticed some of the brightest minds and state-of-the-art companies to its Innovation Boulevard.Â
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The bait? Relatively inexpensive commercial real estate costs and affordable rental spaces that offer companies more square footage and ability to grow their operations over time – a stark contrast to what is available in Metro Vancouver.
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And, it’s working. In fact, 2,300 new businesses opened their doors in Surrey last year.Â
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As for Innovation Boulevard, it offers an impressive partnership of health, business, higher education and government creating new health technologies to improve peoples’ lives. Together, they aim to improve health outcomes for patients, implement intelligent solutions for the health care economy, attract talented clinicians and researchers, and grow companies in the healthcare technology and services sector.Â
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Since opening their doors in 2013, Innovation Boulevard has secured $45 million in grant funding, including $36 million for a national centre of excellence to study technology and its effects on aging. There has also been $15 million injected into related infrastructure projects, which amount to 17,000 square feet of new lab space in Surrey.
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With projects, such as Innovation Boulevard, luring firms from Vancouver to Surrey, the city is becoming a world-renowned science and technology hub that is driving the business sector and propelling economic growth.
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To learn about commercial real estate opportunities in Surrey, please contact our Vancouver office for more information.
