Paget: A Premier Destination for Commercial Real Estate

Introduction

Paget, a vibrant city with a thriving commercial real estate (CRE) market, stands out as a prime destination for investors and brokers. Known for its robust economy and strategic geographical positioning, Paget offers diverse opportunities in various sectors, including industrial, office, and retail spaces. The city's dynamic industry clusters and supportive economic initiatives make it an attractive hub for CRE activities.

Economic and Industry Overview

Paget's economy is driven by key industries such as logistics, technology, and healthcare, which are pivotal in shaping the demand for commercial properties. The city's logistics sector benefits from its strategic location, facilitating efficient distribution networks. Additionally, Paget's innovation-driven technology industry and expanding healthcare services create a steady demand for office and industrial spaces.

The Paget Economic Development Agency actively supports regional development through initiatives aimed at fostering business growth and attracting new investments. These efforts contribute to a stable and thriving commercial real estate environment.

Strategic Location and Transportation Infrastructure

Paget boasts a well-connected transportation network, enhancing its appeal as a commercial hub. Major highways such as Route 10 and Interstate 55 provide seamless connectivity to neighboring regions. The city's proximity to the Port of Paget and the Paget International Airport offers logistical advantages for distribution and access to global markets.

The presence of efficient rail lines further strengthens Paget's transportation infrastructure, facilitating smooth freight movement and access to labor pools. Learn more from the Paget Department of Transportation.

Commercial Real Estate Inventory & Zoning

Paget's commercial real estate market is divided into several key submarkets, including the Central Business District (CBD), industrial corridors, and innovation districts. The city's asset classes encompass industrial, retail, office, and medical spaces, catering to diverse business needs.

Recent zoning changes and incentives, such as the introduction of mixed-use overlays and tax abatements, encourage development and investment. Explore the City of Paget Zoning Maps for detailed insights.

Major Employers and Institutions

Paget is home to several major employers, including tech giants, healthcare providers, and logistics companies. Notable institutions such as Paget University and the Paget Research Institute drive demand for commercial spaces, fostering a vibrant business ecosystem.

To learn more about the city's top employers, visit the Paget Business Directory.

Notable Commercial Developments & Projects

Paget's landscape is transforming with large-scale development projects, including mixed-use developments and innovation parks. Public-private partnerships and Opportunity Zones further enhance the city's appeal to investors and developers.

For detailed planning information, visit the Paget Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for development in Paget: - Paget Building and Safety Department - Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Paget's market insights are supported by comprehensive public data sets, including census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation to provide real-time market insights and economic impact reports.

Explore Brevitas-powered dashboards for detailed market analysis in Paget.

Why Use Brevitas for Paget CRE?

Brevitas stands out with its AI-driven CRE discovery, real-time market alerts, and sophisticated dealroom collaboration. Unique features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure

Discover how Brevitas can enhance your commercial real estate experience in Paget.