Investing in Downtown Belleville
- It is an ideal location for businesses, with lots of services nearby, for example banks, office supplies, city hall, government buildings, etc.
- Lots of opportunity for business, downtown Belleville is mostly locally owned
- Lower cost of operation in downtown Belleville compared to other areas in Belleville
- High traffic, visibility
- Is in the heart of Belleville
- Community events are constantly happening
BELLEVILLE COMMERCIAL REAL ESTATE
Total: 48,821
Population within 40 km of city centre: 172,625
Economy
Procter & Gamble, Kellogg's, Lipton, Wilson Sports, Sears and Nortel are among the internationally known companies with industrial operations in Belleville. The central Canadian Forces Post Office (CFPO) is located here. As this post office is the gateway between the civilian and military postal systems of Canada, Belleville serves as the mailing address for Canadian Armed Forces Bases and Ships abroad.
Many other companies in the manufacturing sector formerly operated plants in Belleville, including Mead Johnson, Westwood-Squibb, Union Carbide,Stewart Warner,Corbin Lock, American Optical, Bioniche Life Sciences, Bakelite and Deacon Brothers. Prior to the Nortel downturn there was a large workforce of skilled workers at two of its plants, formerly known as Northern Telecom and prior to that, Northern Electric. Federal Signal remains one of Belleville's largest employers manufacturing Air Raid and Tornado Sirens for the North American and Western European market. Belleville is home to 2 main Shopping Malls: The Bay View Mall in East-End Belleville and the Quinte Mall along Highway 401 in North Belleville.
Demographics
The City of Belleville, with the amalgamation of the Township of Thurlow, and the annexation of a portion of the City of Quinte West, has a population of approximately 46,000 people. Belleville is the largest urban centre in a much larger market area generally know as the Quinte Region. The Quinte Region extends approximately 25 miles in all directions from Belleville's City centre, and has an estimated population of approximately 173,000 people. Belleville's population is projected to increase by 7,500 people by 2021 to approximately 54,000 inhabitants, a growth rate of roughly .7% per year. However, two trends may results in a growth rate up to twice the above rate. The two trends include: expansion of smaller urban communities within easy traveling distance to large metropolitan urban centres; and the expansion of Belleville as the regional employment and service centre for the Quinte Region and areas.
LINKS TO LOCAL INFO
