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A large province in the eastern-central area of Canada is Quebec. Quebec is known for a lot of different things, but one of the major points of interest is the fact that the area is predominantly French speaking. The sole official language of the area is French. The estimated population of Quebec is the second largest in the country and is estimated around 7.8 million residents. It also holds the second highest GDP in the nation. The city is also known for its politics, and it is one of the largest sovereign parts of the country. The Official Opposition social democratic Parti Quebecois pushes for the secession of Quebec from Canada and although the residents have not voted in favor, the political movements have been brewing for quite sometime. The area has been known for its growing economical prowess and large scale industries including communication, biotechnology, aerospace, pharmaceutical and much more.

The economy of Quebec is diverse, and has a great deal of options for people of all backgrounds to explore. There are both small scale and large scale industries in the greater area and includes many big companies. Some of the larger companies in the area include, Pratt & Whitney, Lockhead Martin, Bell Canada, Electronic Arts, Ubisoft, and many other large companies. The city also has a great deal of exports, including major sectors including, food products, textiles, wood and paper, among other main exports. It was estimated that in recent years the estimated international product exports were upwards of $68 billion which is much larger than the United States and United Kingdom. Despite a great deal of opportunities for job seekers to explore the unemployment rate of the area is around 8%. There are some analysts that argue over the “true” unemployment rate but it hovers at around 8%.

Office Space Prices:

Due in large part to the size of the province, the area has a great deal of options to look at in terms of commercial real estate options. Developments are constantly being made to the business infrastructure to promote small business creation in the area. The office vacancy rate of Quebec has been hovering around 10%. The area has a lot of different options to explore for both retail and warehouse space amongst a great amount of office spaces to take advantage of at competitive rates. A recent survey of available options included many smaller, renovated options at around $500 a month. Some other options in the area started at around $2 - $3 a square foot for close to 1,000 square feet of space. Location, amenities, and much more are also factors in looking at space for commercial purposes. To learn more about your local commercial real estate market, check out our office space articles.

Weather / Crime Rates:

There is a combination of climates in the region with many experiencing what is classified as a humid continental climate with four different seasons. The winters are categorized as very cold with lots of snowfall. The other seasons feature moderate to humid climate with changes often felt in temperature, humidity, and precipitation. The northern regions of the area have a much colder climate, with below freezing temperatures commonplace, with much cooler summers than other parts of the region, due to the proximity towards the Arctic Ocean.
The crime rates of Quebec is roughly 800 per 100000 residents, which is lower than the national average and amongst the lowest in the Country. Even though there are some spots with a heightened crime rate, the area has a lower instance of violent crime overall.