Commercial development is part of the broader theme of territorial development. It encompasses a set of actions and initiatives intended to enliven the city and promote a sector’s commercial flourishing. Commercial development serves to meet the consumption needs of residents and contribute to an area’s urban vitality.

WHY ENGAGE IN COMMERCIAL DEVELOPMENT?

Commercial development involves all organizations interested in territorial development, including municipalities, Commercial Development Corporations (CDCs), Regional County Municipalities (RCMs) and more. It brings together a set of tools that can be adapted to a wide range of issues.

Commercial development may be relevant, for example, when revitalizing the commercial offering of a struggling neighbourhood with many vacant commercial spaces. Our team uses its expertise to develop a strategy to attract businesses to revive these neighbourhoods and give them a new lease on life. Commercial development can also be used to improve the offering of a neighbourhood with already strong commercial vitality. In all situations, we help local stakeholders find relevant positioning and create value.

Beyond the public sphere, private organizations can also benefit from intervening in commercial development, such as by managing businesses and developing large projects like shopping centres.

In the face of competition, some commercial arteries want to stand out and find an attractive commercial positioning to increase foot traffic. Espace Stratégies uses its recognized strategy experience to identify each organization’s unique and differentiating features to help align its offerings with its customers’ needs and identify innovative projects in support of its objectives.

Espace Stratégies has extensive experience in developing commercial arteries and offers relevant interventions tailored to the needs of each client. Our team uses commercial development tools to support these interventions, which may include a diagnosis of the artery’s commercial situation, an analysis of the artery’s supply and demand, the development of a strategy to attract business establishments, the identification the artery’s commercial positioning and much more.

Espace Stratégies is an independent firm that provides an outside perspective on and new ideas for your organization’s challenges. As an external stakeholder, we advance new ideas and challenge certain problematic status quos. We work with public and municipal organizations as well as businesses, non-profits, investors, developers and the government. We use our understanding of different actors and their needs to easily make relevant connections.