WHY INVEST IN PENTICTON?
Penticton is experiencing rapid growth in both residential and commercial sectors, putting an increased demand on modern commercial space to cater to the growing Okanagan market.
Penticton’s vibrancy has been on the rise, and putting it on the map for investors in recent years, driven by new housing, a burgeoning culinary, winery and craft brewery scene, a robust job market, strong entrepreneurial resources, and outstanding natural amenities.
STRONG commercial Opportunity
There is a lack of industrial lease space across the Okanagan, with sub -3% vacancy. The manufacturing sector also accounts for 10% of the provincial GDP (gross domestic product), indicating a strong need for modern industrial space in the Central Okanagan.
ROBUST BUSINESS GROWTH
The city’s key business sectors include healthcare, social assistance, retail trade, accommodation and food services, construction, and manufacturing. With significant growth across business sectors, including a $1B+ Innovation District around the corner, Penticton’s business scene continues to grow with hundreds of new companies opening or moving to the city each year.
HIGH LIVABILITY RANKINGS
Penticton has been recognized as one of Canada's most livable cities, particularly for young professionals, ranking third in Canada. With Penticton projected to welcome a 55% population growth by 2046, bringing the population to over 56,000, the City's real estate market is thriving.
MAJOR INFRASTRUCTURE INVESTMENT
Recent upgrades to Penticton Regional Hospital and Penticton Airport, along with downtown revitalization efforts, have enhanced the city's infrastructure, supporting both residents and businesses.
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