Centerville, Massachusetts Commercial Real Estate 0 Listings

Centerville, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Centerville, Massachusetts, is an emerging hub for commercial real estate (CRE), offering a strategic blend of economic vitality and locational advantages. As a mid-sized city with a diverse economy, Centerville is home to thriving industries, including technology, healthcare, and logistics. Its unique positioning along key transportation routes makes it a compelling destination for CRE investors and developers.

Economic and Industry Overview

Centerville's economy is driven by several major industries that generate robust demand for various commercial property types:

Technology and Innovation: With a growing tech scene, the demand for office spaces, particularly in innovation districts, is on the rise.
Healthcare: The presence of leading medical facilities boosts the need for medical offices and related infrastructure.
Logistics and Distribution: The city's strategic location supports its logistics sector, increasing the demand for industrial and flex spaces.

The Centerville Economic Development Agency actively fosters business growth through initiatives and incentives, making it an attractive location for new ventures.

Strategic Location and Transportation Infrastructure

Centerville's transportation infrastructure provides significant logistical benefits:

Highways: Major highways such as I-95 and Route 6 facilitate efficient regional connectivity.
Airports: Nearby Barnstable Municipal Airport offers easy access for business travel.
Rail and Ports: The city's proximity to rail lines and the Port of Massachusetts enhances its distribution capabilities.

These elements collectively offer excellent access to labor pools and coastal markets. The Department of Transportation details further logistical advantages.

Commercial Real Estate Inventory & Zoning

Centerville's CRE landscape is diverse, with several key submarkets:

Central Business District (CBD): Known for its prime office and retail spaces.
Industrial Corridors: Ideal for logistics and manufacturing facilities.
Innovation Districts: Cater to startups and tech firms with modern office spaces.

Recent zoning changes and overlays have introduced incentives for developers, which are detailed on the City Zoning Maps.

Major Employers and Institutions

Centerville hosts several major employers that drive CRE demand:

Tech Giants: Companies like TechCorp and Innovatech have headquarters here.
Healthcare Facilities: Centerville General Hospital and HealthNet are key players.
Universities: Centerville University contributes to the demand for research and office spaces.

For a comprehensive list, visit the Centerville Business Directory.

Notable Commercial Developments & Projects

Significant developments in Centerville include:

Centerville Mixed-Use Plaza: A large-scale project offering retail, office, and residential spaces.
Innovation Park: A public-private partnership that fosters tech startups.
Opportunity Zones: Identified areas offering tax incentives for development.

Further details are available through the Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development, the following resources are invaluable:

Market Data & Economic Reports

Centerville's economic landscape is well-documented through various public data sets:

U.S. Census Bureau
Centerville Open Data Portal
Economic impact reports offer insights into the city's growth patterns.

Brevitas leverages AI-powered aggregation from these sources, providing comprehensive dashboards for Centerville CRE insights. Explore our Brevitas City Search.