Smithfield Commercial Real Estate 0 Listings

Smithfield: A Premier Destination for Commercial Real Estate

Introduction

Smithfield, a dynamic and growing city, offers exceptional opportunities in the commercial real estate (CRE) sector. As a mid-sized urban area with a robust economy, Smithfield is renowned for its diverse industry clusters including technology, logistics, and manufacturing. Its strategic location and strong infrastructure make it a compelling choice for CRE investment and development.

Economic and Industry Overview

Smithfield's economy is anchored by several key industries that drive demand for various commercial property types:

Technology and Innovation: The burgeoning tech sector fuels demand for office and flex spaces.
Logistics and Distribution: Proximity to major highways and a robust transportation network drive demand for industrial properties.
Manufacturing: A strong manufacturing base supports the need for industrial and warehouse spaces.

Regional economic development initiatives, like the Smithfield Economic Development Corporation, actively support these industries, providing incentives for new business growth and expansion.

Strategic Location and Transportation Infrastructure

Smithfield boasts a well-connected transportation infrastructure:

Highways: Accessible via Interstate 95 and Route 123, facilitating efficient distribution channels.
Airports: The Smithfield International Airport offers domestic and international flights.
Rail Lines: Served by major freight rail operators, enhancing its logistics capabilities.

The Smithfield Department of Transportation provides further insights into the city's logistical advantages, making it a prime location for CRE investment.

Commercial Real Estate Inventory & Zoning

Smithfield offers diverse CRE submarkets:

Central Business District (CBD): A hub for office and retail spaces.
Industrial Corridors: Located along the city's perimeter, ideal for warehousing and logistics.
Innovation Districts: Emerging areas focused on tech and startup spaces.

Recent zoning changes have introduced incentives for developers, particularly in innovation districts. The Smithfield Zoning Maps offer detailed insights into these areas.

Major Employers and Institutions

Smithfield is home to several major employers and institutions that bolster CRE demand:

Top Employers: Smithfield Tech Corp, Logistics Plus, and Smithfield Manufacturing Inc.
Educational Institutions: Smithfield University and Smithfield Community College.

For more information, visit the Smithfield Business Directory.

Notable Commercial Developments & Projects

Significant developments in Smithfield include:

Downtown Revitalization Project: A mixed-use development incorporating retail, office, and residential spaces.
Smithfield Innovation Park: A public-private partnership fostering tech startups and research.

Explore detailed maps and planning documents on the Smithfield Planning Department website.