Peabody, Massachusetts Commercial Real Estate 0 Listings

Peabody, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Peabody, Massachusetts, offers a compelling landscape for commercial real estate (CRE) investors and professionals. With a population of approximately 53,000, Peabody is strategically positioned in the North Shore region of Massachusetts. The city's diverse economy, anchored by industries such as healthcare, retail, and manufacturing, creates a robust demand for various commercial property types, including office, industrial, and retail spaces. Peabody's unique blend of historical charm and modern infrastructure makes it an attractive location for CRE opportunities.

Economic and Industry Overview

Peabody's economy is bolstered by several major industries. The healthcare sector, led by facilities like Lahey Medical Center, plays a significant role in driving demand for medical office spaces. Retail is another cornerstone, with the Northshore Mall serving as a major retail hub. Additionally, Peabody's manufacturing sector, encompassing both traditional and high-tech operations, fuels the demand for industrial properties.

The city benefits from regional economic development initiatives, such as the North Shore Alliance for Economic Development, which promotes business growth and sustainability across the region.

Strategic Location and Transportation Infrastructure

Peabody's strategic location enhances its appeal for logistics and distribution. The city is intersected by major highways, including Interstate 95 and U.S. Route 1, providing efficient access to Boston and the broader New England market. Peabody is approximately 30 minutes from Logan International Airport, facilitating national and international business travel.

Public transportation is supported by the Massachusetts Bay Transportation Authority (MBTA), which offers commuter rail and bus services. For more information, visit the Massachusetts Department of Transportation.

Commercial Real Estate Inventory & Zoning

Peabody's commercial real estate landscape is divided into several key submarkets. The central business district (CBD) contains a mix of office and retail properties. Industrial corridors are primarily located along the Route 1 and I-95 corridors, catering to logistics and manufacturing needs. Notable zoning initiatives include the city's efforts to revitalize underutilized areas through zoning overlays and incentives for mixed-use developments.

For detailed zoning maps and parcel viewers, visit the City of Peabody Zoning Maps.

Major Employers and Institutions

Peabody is home to several major employers that drive demand for commercial real estate. Key players include:

Lahey Medical Center
Analogic Corporation
Barton Associates Inc.

These organizations, along with Peabody's proximity to educational institutions like Salem State University, contribute to a steady demand for office and industrial spaces. For more information, visit the Peabody Economic Development Information.

Notable Commercial Developments & Projects

Peabody is witnessing significant commercial developments, including mixed-use projects and innovation parks. The city's participation in Opportunity Zones encourages investment in underdeveloped areas by offering tax incentives. Public-private partnerships further enhance the city's development landscape.

For more information on current projects, visit the Peabody Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Peabody provides a variety of planning and development tools:

Market Data & Economic Reports

Peabody's economic landscape can be explored through public data sets available from census.gov and the city's Open Data Portal. These resources offer insights into demographic trends and economic impacts.

Brevitas uses AI-powered data aggregation to provide comprehensive market insights. For tailored reports and dashboards, explore our Brevitas City Search.

Why Use Brevitas for Peabody, Massachusetts CRE?

Brevitas offers an unparalleled platform for discovering commercial real estate opportunities in Peabody. Our AI-driven tools provide real-time market alerts, smart property pages, and seamless dealroom collaboration. Unique features include: