Auburn, Maine: A Premier Destination for Commercial Real Estate

Introduction

Auburn, Maine, is a vibrant hub for commercial real estate, offering a dynamic environment for businesses and investors. With a population of approximately 23,000, Auburn boasts a diverse economy characterized by robust industrial, retail, and service sectors. The city's strategic location in the heart of Maine, coupled with a well-developed transportation network, positions it as an ideal destination for commercial real estate (CRE) investments.

Economic and Industry Overview

Auburn's economy is driven by several key industries, including manufacturing, logistics, and retail. The city's industrial sector is particularly strong, with a focus on precision manufacturing and distribution. This industrial base generates significant demand for industrial and flex properties. The retail sector is bolstered by Auburn's role as a regional shopping destination, attracting consumers from across the state.

The Central Maine Growth Council and the Lewiston-Auburn Economic Growth Council are instrumental in fostering economic development in the region. These organizations support initiatives that enhance business growth and CRE demand, such as infrastructure improvements and workforce development programs.

Strategic Location and Transportation Infrastructure

Auburn's strategic location offers excellent logistical advantages for businesses. The city is served by major highways, including Interstate 95 and U.S. Route 202, providing easy access to markets across New England. The Maine Turnpike Authority manages these vital routes.

Additionally, Auburn is home to the Auburn-Lewiston Municipal Airport, which supports cargo and passenger services. The city's proximity to the Port of Portland, a major seaport, enhances its appeal as a distribution hub. The Maine Department of Transportation provides further information on transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Auburn features diverse CRE submarkets, including the Central Business District (CBD), industrial corridors, and retail centers. Key asset classes include industrial, retail, office, and medical properties. The city has implemented zoning changes to encourage mixed-use developments, particularly in the downtown area, fostering innovation and growth.

Developers can explore Auburn's zoning maps and parcel viewers to identify opportunities and incentives for development.

Major Employers and Institutions

Auburn is home to several major employers, including Procter & Gamble and Tambrands, which drive demand for industrial and office spaces. The presence of Central Maine Community College and other educational institutions also contributes to the city's CRE landscape.

For a comprehensive list of employers and business resources, visit the Lewiston-Auburn Economic Growth Council.

Notable Commercial Developments & Projects

The city is witnessing significant commercial developments, such as the Auburn Mall revitalization and the Auburn Industrial Park expansion. These projects, often realized through public-private partnerships, are transforming the local CRE market. Opportunity Zones in Auburn offer additional incentives for investors. For more details, check the City of Auburn Planning Department.

Building Permits, Planning, and Development Tools

For information on building permits and planning, developers can access the City of Auburn's Building and Safety Department. The permitting portal and parcel map viewer are valuable resources for navigating development processes. The city's development code is available online for reference.

Market Data & Economic Reports

Auburn's economic landscape is supported by a wealth of public data, including census information and local economic reports. Brevitas leverages AI-powered aggregation from these public datasets and internal insights to provide a comprehensive view of the market. Explore Brevitas-powered dashboards for Auburn here.

Why Use Brevitas for Auburn, Maine CRE?

Brevitas offers a robust platform for discovering Auburn's CRE opportunities, with AI-driven discovery, real-time market alerts, and smart property pages. Our tools, such as auto-generated listing pages and exclusive listings, provide premium exposure for your properties. Integration with brokers and developers ensures seamless collaboration in Auburn's thriving CRE market. Discover the benefits of using Brevitas for your Auburn, Maine CRE needs here.