Globe, Arizona Commercial Real Estate 1 Listing

Globe, Arizona: A Premier Destination for Commercial Real Estate

Introduction

Globe, Arizona, is an emerging hub for commercial real estate (CRE) investment and development. Nestled in Gila County, with a population of approximately 7,500, Globe offers a unique blend of historical charm and strategic economic potential. The city's economy is primarily driven by mining, tourism, and retail, with burgeoning opportunities in logistics and distribution due to its strategic location. Globe's robust infrastructure and proximity to major markets make it an attractive destination for commercial real estate professionals.

Economic and Industry Overview

Globe's economy is significantly bolstered by the mining sector, with copper mining being a longstanding pillar. This industry generates consistent demand for industrial and office spaces. Additionally, the city's retail sector thrives on tourism, driven by its historical allure and proximity to outdoor recreation areas. Recent initiatives by the Gila County Economic Development Department aim to diversify the local economy, fostering future growth in logistics and distribution.

Strategic Location and Transportation Infrastructure

Globe is strategically positioned at the intersection of U.S. Route 60 and State Route 77, providing excellent connectivity to Phoenix and Tucson. The city's transportation infrastructure includes easy access to major highways, facilitating efficient logistics and distribution. The proximity to the Phoenix-Mesa Gateway Airport and rail lines enhances Globe's appeal for businesses relying on robust transport links. For more information, visit the Arizona Department of Transportation.

Commercial Real Estate Inventory & Zoning

Globe boasts diverse commercial real estate submarkets, including a historic downtown area, industrial corridors, and potential innovation districts. Key asset classes in Globe include industrial, retail, and medical. Recent zoning changes have introduced incentives for developers, encouraging mixed-use developments and adaptive reuse of historic properties. Access the City of Globe Zoning Map for detailed information on zoning categories and overlays.

Major Employers and Institutions

Top employers in Globe include Freeport-McMoRan, a leading international mining company, and the Gila County Government, which supports local administrative services. These institutions drive significant demand for office and industrial spaces. The presence of educational centers like Eastern Arizona College contributes to a skilled workforce, supporting various CRE sectors. Explore the Gila County Economic Development Directory for a comprehensive list of major employers.

Notable Commercial Developments & Projects

Globe is witnessing exciting commercial developments, including mixed-use projects and industrial parks. The city is part of federally designated Opportunity Zones, offering tax incentives for development. Public-private partnerships are playing a crucial role in revitalizing the downtown area. For information on current projects, visit the Globe Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Globe provides a range of resources for planning and development:

Market Data & Economic Reports

Access to comprehensive market data is crucial for informed CRE decisions. Public datasets, such as those from census.gov and Globe's open data portal, offer valuable insights. Brevitas leverages AI-powered aggregation to provide real-time market alerts and insights. Explore Brevitas-powered dashboards for Globe, Arizona, to stay updated on CRE trends.