City Departments

Industrial and Commercial Real Estate

Overview

Cambridge is an Industrial City with a history rich in industrial development dating back to the 1800s. Planned industrial building lots were marketed as early as the mid 1800s and established the cornerstone for the momentum in industrial development that exists today.

In recent decades, through the efforts of the Economic Development Division, the City has developed and marketed modern industrial parks to a diverse range of manufacturing and service industries that make Cambridge their home. Companies that have established in Cambridge are either locally established entrepreneurial companies, or were established by outside investment through multi-national corporations. All of these companies have grown successfully in Cambridge.

The Cambridge Business Community consists of approximately 7,512 businesses of which approximately 495 are manufacturing businesses. Small business continues to dominate the Cambridge landscape, with 70% of firms having 1 to 9 employees. Commercial and retail business activity has traditionally been localized in the commercial core areas of Galt, Preston and Hespeler. The Galt City Centre Area, the Preston Towne Centre and the Hespeler Village commercial nodes provide shopping, business, professional, and government services, churches and housing.

The Hespeler Road (Highway 24) Commercial District has emerged as the dominant retail node. The Hespeler Road Commercial District is the location of the Cambridge Centre Mall, which is the largest enclosed shopping mall in the City; in addition to the Cambridge Centre, developments along Hespeler Road include several open plazas, free standing national fast food restaurants, free standing bank branches and several automobile dealerships.

Although the Hespeler Road Commercial District is the dominant retail node, City Council has adopted policies for the revitalization of the three traditional downtown core areas to retain existing businesses and attract new retail and commercial development to the core areas. Each of the core areas is recognized as a Business Improvement Area (BIA)

The Regional Municipality of Waterloo, the City of Cambridge and the two District School Boards have enacted Development Charge By-laws pursuant to the Development Charges Act and the Education Development Charges Act.

For more information on the by-law and the current development charges please click on the link Development Charges or call (519) 740-4650 x 4598.


Related Documents

DOCUMENT DESCRIPTION DATE POSTED  
Publications & Reports
Small Business Commercial & Retail Data Book This booklet provides an overview of small business support services; Financial Incentive Programs; major commercial/retail nodes and available retail/commercial space for sale and/or lease. 2014-07-09 PDF 3066Kb
Industrial Sites and Buildings Booklet Provides an inventory of City and privately-owned industrial land for sale, as well as a listing of industrial buildings for sale and/or lease in Cambridge. 2014-06-06 PDF 2363Kb
Tenant / Ownership Listing - Industrial Parks
Industrial Parks Ownership / Tenant Listing This document lists various tenants and owners of buildings in the Industrial Parks. 2013-11-06 PDF 283Kb