Forrest City, Arkansas Commercial Real Estate 0 Listings
Forrest City, Arkansas: A Premier Destination for Commercial Real Estate
Introduction
Forrest City, Arkansas, presents a unique opportunity for commercial real estate (CRE) development. As a city with a population of approximately 14,000, it serves as a regional hub for surrounding rural communities. Known for its strategic position along Interstate 40, Forrest City is poised for growth in various sectors, including logistics, manufacturing, and retail. Its proximity to major urban centers like Memphis, Tennessee, enhances its commercial appeal, making it a noteworthy destination for CRE professionals.
Economic and Industry Overview
Forrest City's economy is primarily driven by the logistics and manufacturing industries. The presence of major transportation routes fuels demand for industrial and warehouse properties. The city's economic development is supported by initiatives from local agencies such as the St. Francis County Economic Development Commission, which actively promotes industrial growth and investment in the region.
Major Industries
- Logistics and Distribution: Capitalizing on its location along I-40, Forrest City is an ideal spot for distribution centers.
- Manufacturing: The city hosts several manufacturing firms that contribute significantly to the local economy.
- Retail: Forrest City serves as a shopping destination for nearby rural areas, driving demand for retail spaces.
Strategic Location and Transportation Infrastructure
Forrest City's strategic location offers significant logistical advantages:
- Highways: Located on Interstate 40, providing direct access to Memphis and Little Rock.
- Rail Lines: Served by Union Pacific Railroad, enhancing freight transportation options.
- Airports: Proximity to Memphis International Airport, a major cargo hub.
For more details, visit the Arkansas Department of Transportation.
Commercial Real Estate Inventory & Zoning
Forrest City offers diverse CRE submarkets, including:
- Central Business District (CBD): Focus on office and retail spaces.
- Industrial Corridors: Areas along I-40 designated for industrial use.
- Retail Hubs: Shopping centers and standalone retail properties.
The city actively updates zoning regulations to encourage development. For zoning maps, visit the Forrest City Official Zoning Maps.
Major Employers and Institutions
Significant employers in Forrest City include:
- Sanyo Manufacturing Corporation
- Forrest City Medical Center
- East Arkansas Community College
These institutions are pivotal in driving CRE demand. Explore more at the Forrest City Business Directory.
Notable Commercial Developments & Projects
Recent and ongoing developments in Forrest City include:
- Mixed-Use Developments: Projects combining residential and commercial spaces.
- Opportunity Zones: Designated areas offering tax incentives to attract investment.
For detailed project plans, visit the Planning Department.
Building Permits, Planning, and Development Tools
Forrest City's development tools include:
- Building and Safety Department
- Permitting Portal
- GIS Parcel Map Viewer
- Planning Commission
- Development Code
Market Data & Economic Reports
Public data sources provide valuable insights into Forrest City's CRE market:
Brevitas utilizes AI-powered aggregation from public data and internal insights, offering comprehensive market analysis. Explore our Brevitas-powered dashboards for more information.
Why Use Brevitas for Forrest City, Arkansas CRE?
Brevitas offers a robust platform for CRE discovery in Forrest City:
- AI-Driven Market Insights: Access real-time market alerts and smart property pages.
- Dealroom Collaboration: Seamless integration with brokers and developers.
- Exclusive Listings: Gain premium exposure for your properties.
Leverage Brevitas' suite of tools to maximize your CRE opportunities in Forrest City, Arkansas.
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