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A Renaissance, Confirmed

18 June 2024 Press releases
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Numbers don't lie. Since 2017, District Central has continued to grow in popularity with both entrepreneurs and people looking for recreation. Its growing influence and reputation have also won it the attention of a growing number of public, private and community partners.

A record-breaking year, 2023 confirms the renaissance of this historic district.

A choice for business

In one year, the number of businesses in District Central has grown by 3%. Most of them, almost one in two (48.2%), have a place of business in the Chabanel sector, followed by the Saint-Laurent (18.4%) and L'Acadie (17.1%) sectors. Design has the largest number of entrepreneurs, with nearly 800 companies based in the District. Wholesalers (501), urban manufacturers (439) and retailers (388) follow close behind.

The popularity of the neighbourhood has had an effect on the number of vacant units. The amount of space available has fallen by 10.1% compared to 2022. At the end of 2023, the vacancy rate, estimated at 13.1%, was the lowest recorded in the area in five years. Over the same period, on the other hand, the percentage of vacant commercial premises in the Greater Montreal area was on the rise. The diversity of the rental offer and its highly competitive nature, combined with the efforts made in recent years to revitalise neighbourhood life, explain these results.




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