Taunton, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Taunton, Massachusetts, located in the heart of Bristol County, is emerging as a strategic hub for commercial real estate (CRE). With a population of approximately 57,000, Taunton offers a dynamic blend of industrial, retail, and office spaces, driven by its robust local economy and strategic positioning. Known for its rich history in silver manufacturing, Taunton has evolved into a diverse economic landscape, making it an attractive destination for CRE professionals seeking growth opportunities.

Economic and Industry Overview

Taunton's economy is bolstered by key industries including healthcare, manufacturing, and logistics. The city's industrial roots have paved the way for a thriving manufacturing sector that continues to demand expansive industrial spaces. The healthcare industry, supported by institutions like Morton Hospital, is a significant employer, driving the need for medical office spaces. Taunton's strategic location also supports a burgeoning logistics industry, fueling demand for distribution centers and warehousing facilities.

The Taunton Economic Development Commission actively promotes business growth, offering resources and incentives to attract new industries and expand existing ones, further driving the city’s CRE market.

Strategic Location and Transportation Infrastructure

Taunton is ideally positioned with access to major transportation networks, enhancing its appeal for commercial real estate. The city is intersected by major highways, including I-495, Route 24, and Route 44, facilitating efficient logistics and commute. The close proximity to Boston Logan International Airport and T.F. Green Airport in Rhode Island provides vital air connectivity for businesses.

The Massachusetts Department of Transportation offers comprehensive information on Taunton's transport infrastructure, underscoring its logistical advantages for distribution and access to labor markets.

Commercial Real Estate Inventory & Zoning

Taunton boasts a diverse CRE inventory across several submarkets. The Central Business District (CBD) offers a mix of office and retail spaces, while industrial corridors along Route 24 house significant warehousing and manufacturing facilities. The city's innovation districts are emerging as key areas for tech startups and research centers.

Recent zoning changes emphasize mixed-use development, with incentives available for developers in designated growth areas. For detailed zoning information, visit the Taunton Zoning Maps.

Major Employers and Institutions

Taunton hosts several major employers that significantly impact the CRE landscape. Notable entities include the healthcare leader Steward Health Care, global manufacturer General Dynamics, and the City of Taunton itself. These employers, along with educational institutions like Bristol Community College, drive demand for diverse CRE classes.

For a comprehensive list of Taunton’s major employers, explore the Taunton Economic Development Commission’s Business Directory.

Notable Commercial Developments & Projects

Taunton is witnessing transformative commercial developments, such as the Myles Standish Industrial Park—a massive industrial complex fostering manufacturing and logistics growth. Additionally, the city’s engagement in Opportunity Zones presents lucrative investment opportunities.

Details on ongoing projects can be accessed via the Taunton Planning Department.

Building Permits, Planning, and Development Tools

For those seeking to engage in development within Taunton, resources are readily available: - City of Taunton Building Department for building permit information - Online Permitting Portal - GIS Parcel Viewer - Planning Commission Resources - Development Code

Market Data & Economic Reports

Publicly available datasets provide valuable insights into Taunton's economic environment. Resources like the U.S. Census Bureau and the city’s Open Data Portal offer comprehensive economic reports and demographics.

Brevitas leverages AI-powered aggregation from these public sources to provide enriched market insights and invites users to explore our Brevitas-powered dashboards for Taunton.

Why Use Brevitas for Taunton, Massachusetts CRE?

Brevitas offers a cutting-edge platform for discovering opportunities in Taunton’s commercial real estate market. With AI-driven property discovery, real-time market alerts, and smart property pages, Brevitas enhances your CRE experience.

Unique features include: - Auto-generated listing pages - Email and landing page tools - Broker and developer integration - Exclusive listings and premium exposure

Brevitas stands as the go-to marketplace for CRE professionals in Taunton, Massachusetts, driving seamless connections and investment success.