Beverly, Massachusetts Commercial Real Estate 1 Listing

Beverly, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Beverly, Massachusetts, located in the North Shore region, offers a compelling commercial real estate (CRE) landscape that benefits from its strategic coastal position and diverse economy. With a population of approximately 42,000, Beverly boasts a rich tapestry of industries including technology, education, and healthcare, making it an attractive hub for various commercial property types. Its proximity to Boston further enhances its appeal to CRE professionals seeking investment opportunities in a dynamic urban-suburban setting.

Economic and Industry Overview

Beverly's economy is driven by a mix of technology, education, and healthcare industries. Key players such as Axcelis Technologies and the presence of Endicott College contribute significantly to the demand for office and research space. The burgeoning tech scene has spurred interest in flexible office spaces and innovation hubs.

The North Shore Alliance for Economic Development actively supports regional growth initiatives, fostering a business-friendly environment that encourages CRE investment.

Strategic Location and Transportation Infrastructure

Beverly is strategically situated along the Atlantic coast, providing logistical advantages with its access to major transportation networks. The city is serviced by Route 128, a critical artery for business and commerce. Additionally, the MBTA Commuter Rail connects Beverly to Boston, facilitating commuter and freight movement.

For air travel, Beverly Municipal Airport offers convenient access for private and corporate flights. Massachusetts Port Authority oversees the region's port facilities, enhancing Beverly's capabilities as a distribution and trade hub.

Commercial Real Estate Inventory & Zoning

Beverly's CRE landscape is diverse, with notable submarkets including the Cummings Center, which offers a blend of office, industrial, and retail spaces. The city supports vibrant retail corridors and innovation districts that cater to a variety of businesses.

Recent zoning updates have introduced incentives for mixed-use developments, particularly in the downtown area. For detailed zoning information, visit the City of Beverly Zoning Maps.

Major Employers and Institutions

Beverly hosts several major employers, such as:

Axcelis Technologies: A key player in the semiconductor industry.
Endicott College: A significant driver of educational and research demand.
Beverly Hospital: A major healthcare provider influencing medical office space needs.

For additional information, explore the Beverly Economic Development site.

Notable Commercial Developments & Projects

Significant projects in Beverly include mixed-use developments like the revitalization of the Bass River District and public-private partnerships in the downtown area. These projects are positioned to enhance Beverly's appeal as a modern business hub. For more information, review the Beverly Planning Department's Current Projects.

Building Permits, Planning, and Development Tools

For CRE professionals seeking development opportunities in Beverly, the following resources are invaluable:

Market Data & Economic Reports

Access public datasets to gain insights into Beverly’s CRE market:

Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market analysis. Explore Brevitas-powered dashboards for Beverly to discover investment opportunities.