Andover, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Andover, Massachusetts, is a thriving hub for commercial real estate (CRE), offering a unique mix of industrial, office, and retail opportunities. As an integral part of the Greater Boston area, Andover boasts a robust economy driven by technology, biotechnology, and advanced manufacturing. Its strategic location and strong industry presence make it a desirable destination for CRE investors and professionals.

Economic and Industry Overview

Andover's economy is anchored by key industries such as technology, biotechnology, and advanced manufacturing. These sectors contribute significantly to demand for various commercial property types, including office spaces, industrial facilities, and research and development centers. The Merrimack Valley Economic Development Council plays a vital role in fostering regional growth and supporting industry clusters.

Strategic Location and Transportation Infrastructure

Andover benefits from its strategic location, with easy access to major transportation routes. The city is served by Interstate 93 and Interstate 495, providing seamless connectivity to Boston and other major markets. The Massachusetts Port Authority oversees Logan International Airport, which is approximately 30 miles south of Andover, facilitating efficient air travel and logistics. Additionally, the commuter rail services of the MBTA enhance access to a skilled labor pool.

Commercial Real Estate Inventory & Zoning

Andover features several key CRE submarkets, including the central business district (CBD) and industrial corridors. The city offers diverse asset classes such as industrial, office, and retail spaces, as well as medical and commercial-grade multifamily properties. Recent zoning updates encourage mixed-use development and support innovation districts. The Town of Andover Zoning Map provides detailed information on zoning regulations and parcel data.

Major Employers and Institutions

Andover is home to prominent employers and institutions that drive CRE demand. Notable organizations include Philips Healthcare, Raytheon Technologies, and Schneider Electric. The presence of Merrimack College adds to the area's vibrant educational landscape. More information can be found on the Andover Economic Development website.

Notable Commercial Developments & Projects

The city has seen significant commercial developments, including mixed-use projects and innovation parks. Andover's participation in Opportunity Zones bolsters investment potential. Public-private partnerships are also instrumental in shaping the city's CRE landscape. Detailed project information is available through the Andover Planning Division.

Building Permits, Planning, and Development Tools

For CRE professionals, Andover offers a range of planning and development resources. Access the Andover Building and Safety Department for permitting information and the GIS Parcel Viewer for property data. The Planning Board provides insights into development codes and regulations.

Market Data & Economic Reports

Public data sources such as census.gov and the Andover Open Data Portal offer valuable insights into market trends and economic impact. Brevitas leverages AI-powered aggregation to provide comprehensive and up-to-date market intelligence for Andover. Explore our Brevitas dashboards to gain deeper insights into the city's CRE landscape.

Why Use Brevitas for Andover, Massachusetts CRE?

Brevitas offers a cutting-edge platform for CRE discovery in Andover, Massachusetts. Our AI-driven tools deliver real-time market alerts, smart property pages, and seamless dealroom collaboration. Unique features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure

Brevitas is your trusted partner for navigating Andover's commercial real estate market. Explore our platform today to unlock new opportunities in this dynamic city.