Jonesboro, Arkansas: A Premier Destination for Commercial Real Estate

Introduction

Jonesboro, Arkansas, stands out as a burgeoning hub for commercial real estate (CRE) investment. With a population of approximately 80,000, Jonesboro is the fifth-largest city in Arkansas and a focal point for the Northeast Arkansas economy. Known for its diverse economy, anchored by healthcare, education, and manufacturing, Jonesboro offers unique positioning in the CRE sector, drawing interest from investors and developers alike.

Economic and Industry Overview

Jonesboro's economy is bolstered by a variety of industries, making it a dynamic environment for CRE. Key sectors include:

• Healthcare: Anchored by St. Bernards Healthcare and NEA Baptist Health System, driving demand for medical office spaces.
• Education: Home to Arkansas State University, fostering innovation and research, influencing the demand for flex and office spaces.
• Manufacturing: A strong manufacturing base supports a thriving industrial market.

Regional economic development is spearheaded by organizations such as the Jonesboro Regional Chamber of Commerce and the Northeast Arkansas Economic Development Coalition.

Strategic Location and Transportation Infrastructure

Jonesboro benefits from strategic transportation infrastructure:

• Highways: Situated near U.S. Highways 63 and 49, providing efficient freight movement.
• Rail Access: Served by the Burlington Northern Santa Fe and Union Pacific railroads.
• Air Travel: Jonesboro Municipal Airport supports regional connectivity.

These logistical advantages make Jonesboro an attractive location for distribution and manufacturing operations. For more details, visit the Arkansas Department of Transportation.

Commercial Real Estate Inventory & Zoning

Jonesboro's CRE landscape includes several submarkets:

• Central Business District (CBD): A hub for office and retail properties.
• Industrial Corridors: Located near major highways, ideal for warehousing and logistics.
• Innovation Districts: Emerging areas near Arkansas State University, conducive to tech and research enterprises.

The city offers incentives for developers, such as tax abatements and Opportunity Zones. Explore zoning maps on the City of Jonesboro's Planning Department.

Major Employers and Institutions

Prominent employers in Jonesboro include:

• St. Bernards Healthcare
• NEA Baptist Memorial Hospital
• Frito-Lay (PepsiCo)
• Nestle Prepared Foods

Arkansas State University also plays a critical role in supporting the local CRE market. For further insights, visit the Jonesboro Economic Development Corporation.

Notable Commercial Developments & Projects

Significant projects shaping Jonesboro's landscape:

• Greensborough Village: A mixed-use development featuring retail, residential, and office spaces.
• Arkansas State University Innovation System: Supports tech startups and research initiatives.

Jonesboro is also leveraging Opportunity Zones to attract investment.

Building Permits, Planning, and Development Tools

For developers and investors, Jonesboro offers streamlined access to:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Available public data sources include:

• U.S. Census Bureau
• City's Open Data Portal

Brevitas offers AI-powered aggregation of public data and internal insights. Explore Brevitas-powered dashboards for Jonesboro here.

Why Use Brevitas for Jonesboro, Arkansas CRE?

Brevitas is your gateway to discovering CRE opportunities in Jonesboro, leveraging AI-driven insights and tools such as:

• Auto-generated Listing Pages
• Email and Landing Page Tools
• Integration with Brokers and Developers
• Exclusive Listings and Premium Exposure

With real-time market alerts and dealroom collaboration, Brevitas is the preferred platform for CRE professionals in Jonesboro.