North America: A Premier Destination for Commercial Real Estate

Introduction

North America is a vast and diverse region renowned for its dynamic commercial real estate (CRE) market. Spanning numerous economic hubs, North America offers a plethora of opportunities across various industries such as technology, finance, manufacturing, and logistics. The region's unique positioning, with its robust economy and expansive market size, makes it an attractive destination for CRE investment and development.

Economic and Industry Overview

North America's economic landscape is characterized by a multitude of thriving industries that drive demand for commercial properties. Key sectors include:

• Technology and Innovation: Leading tech hubs like Silicon Valley in the U.S. and Toronto's growing tech scene in Canada fuel demand for office spaces and innovation districts.
• Manufacturing and Logistics: Industrial corridors across regions like the U.S. Midwest and Mexico's manufacturing zones support a robust supply chain infrastructure.
• Finance and Banking: Major financial centers such as New York City and Toronto bolster demand for prime office spaces.

Regional economic development initiatives play a crucial role in supporting these industries. For instance, the SelectUSA program promotes investment in the U.S., while Invest in Canada supports Canadian economic growth.

Strategic Location and Transportation Infrastructure

North America's strategic location and advanced transportation infrastructure provide significant logistical advantages:

• Highways and Rail: Extensive highway networks and rail lines facilitate efficient movement of goods and labor.
• Ports: Major ports such as the Port of Los Angeles and the Port of Vancouver serve as critical gateways for international trade.
• Airports: Hubs like Hartsfield-Jackson Atlanta International Airport and Toronto Pearson International Airport enhance connectivity.

For detailed information, visit the U.S. Department of Transportation and Transport Canada.

Commercial Real Estate Inventory & Zoning

North America's diverse CRE submarkets cater to various asset classes:

• Central Business Districts (CBDs): Offer premium office spaces in cities like New York, Chicago, and Toronto.
• Industrial Zones: Located in regions such as the U.S. Midwest and Mexico's northern states.
• Innovation Districts: Found in tech-centric areas like San Francisco and Seattle.

Cities often provide zoning maps and parcel viewers to assist developers. For more information, access the New York City Zoning Maps and Toronto Zoning By-law Interactive Map.

Major Employers and Institutions

North America is home to numerous major employers and institutions:

• Corporate Headquarters: Companies like Apple (Cupertino, CA) and Shopify (Ottawa, ON) drive demand for commercial spaces.
• Universities and Research Centers: Institutions such as MIT and the University of Toronto contribute to innovation and workforce development.

Explore Hoover's for a comprehensive list of top employers and US News Education for university rankings.

Notable Commercial Developments & Projects

Significant commercial developments across North America include:

• Mixed-Use Projects: Developments like Hudson Yards in New York City and The Well in Toronto.
• Public-Private Partnerships: Initiatives such as the Opportunity Zones program in the U.S.

Access U.S. Opportunity Zones and Canada's P3 Projects for more information.

Building Permits, Planning, and Development Tools

For development resources, visit:

• U.S. Building Codes
• City of Toronto Building Permits
• U.S. Census Bureau Data

Market Data & Economic Reports

Brevitas utilizes AI-powered aggregation from public data and internal insights to provide comprehensive market data. Explore Brevitas to access dashboards and economic reports tailored for North America's CRE market.

Why Use Brevitas for North America CRE?

Brevitas offers a suite of AI-driven tools designed to enhance CRE discovery and transactions:

• Real-Time Market Alerts: Stay informed with the latest market trends.
• Smart Property Pages: Gain insights with auto-generated listing pages.
• Dealroom Collaboration: Facilitate seamless transactions with brokers and developers.

Explore how Brevitas can provide exclusive listings and premium exposure for your CRE needs in North America.