Franklin, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Franklin, Kentucky, offers a compelling landscape for commercial real estate (CRE) investment, nestled strategically along the Tennessee border. With a population of approximately 9,000, this city is a hub for logistics and manufacturing, benefiting from its unique location and robust industrial sector. Franklin's burgeoning CRE market is driven by its economic diversity, strategic infrastructure, and favorable business environment, making it an ideal target for investors and developers seeking opportunities in the Southeast.

Economic and Industry Overview

Franklin's economy is anchored by several key industries, notably manufacturing, logistics, and agriculture. The city is home to a variety of manufacturing facilities, contributing to high demand for industrial properties. The presence of regional economic development initiatives, such as the Southern Kentucky Economic Development Agency, supports continued growth and attracts new businesses.

Major Industries:

• Manufacturing: Predominantly automotive and component manufacturing.
• Logistics and Distribution: Supported by Franklin's strategic location along major transport routes.
• Agriculture: Although less directly tied to CRE, it plays a role in the local economy.

Strategic Location and Transportation Infrastructure

Franklin benefits from a robust transportation network, enhancing its appeal for distribution and logistics operations. Key infrastructural elements include:

• Highways: Proximity to Interstate 65, offering direct routes to major markets such as Nashville and Louisville.
• Airports: Nearby Bowling Green-Warren County Regional Airport and access to Nashville International Airport.
• Railroads: Served by the CSX Transportation network, facilitating freight movement.

These infrastructural advantages position Franklin as a logistical nexus, providing access to vital labor pools and enhancing distribution efficiencies.

Commercial Real Estate Inventory & Zoning

Franklin's CRE landscape is characterized by diverse submarkets and opportunities across various asset classes:

• Submarkets: Central Business District (CBD), industrial corridors along I-65, and emerging innovation districts.
• Asset Classes: Includes industrial, retail, office, and medical facilities.
• Zoning Changes: Recent updates to zoning regulations aim to incentivize mixed-use developments and streamline permitting processes.

For zoning maps and detailed property information, visit the City of Franklin Zoning Map.

Major Employers and Institutions

Franklin hosts several significant employers and institutions driving CRE demand:

• Top Employers: Sumitomo Electric Wiring Systems, New Mather Metals, and Franklin Precision Industry.
• Educational Institutions: Proximity to Western Kentucky University enhances the talent pipeline.
• Government Centers: Local government offices contribute to stable office space demand.

For more information, explore the Franklin-Simpson Industrial Authority.

Notable Commercial Developments & Projects

Recent and upcoming projects underscore Franklin's growth trajectory:

• Mixed-Use Developments: Initiatives like the Franklin Commerce Center, combining office, retail, and industrial spaces.
• Opportunity Zones: Designated areas offering tax incentives for investment in underdeveloped regions.

More details can be found at the Franklin Planning and Zoning Department.

Building Permits, Planning, and Development Tools

Access essential planning and development resources:

• Franklin Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Franklin's market data and economic insights are available from public sources, including census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation from these resources to provide comprehensive market analysis.

Explore Brevitas-powered dashboards for Franklin, Kentucky here.

Why Use Brevitas for Franklin, Kentucky CRE?

Brevitas stands out as a premier platform for Franklin's CRE market, offering:

• AI-Driven Discovery: Efficiently locate properties matching your criteria.
• Real-Time Alerts: Stay informed with updates on new listings and market changes.
• Smart Property Pages: Access detailed property analytics.
• Dealroom Collaboration: Facilitate seamless transactions with integrated tools.

Key Features: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings with premium exposure

Discover the full potential of Franklin, Kentucky's commercial real estate with Brevitas.