Galloway, New Jersey Commercial Real Estate 0 Listings

Galloway, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Galloway, New Jersey, strategically positioned in Atlantic County, stands out as a burgeoning hub for commercial real estate (CRE) development. With a population of approximately 37,000, the city is part of the Atlantic City metropolitan area, making it a prime location for businesses seeking a balance between suburban tranquility and metropolitan accessibility. Galloway's commercial appeal is driven by its diverse economy, which includes major industry clusters such as healthcare, education, and retail. Its proximity to Atlantic City further enhances its unique positioning in the CRE market.

Economic and Industry Overview

Galloway's economic landscape is anchored by robust industries that fuel demand across various commercial property types. The healthcare sector, led by AtlantiCare Regional Medical Center, is a significant driver of office space demand. Retail properties thrive due to the presence of several shopping centers and proximity to the tourist-centric Atlantic City. Education also plays a vital role, with Stockton University contributing to the demand for multifamily and retail spaces.

The Atlantic County Economic Alliance actively promotes economic development initiatives that bolster Galloway’s CRE market, focusing on infrastructure improvements and business incentives that attract new ventures and retain existing businesses.

Strategic Location and Transportation Infrastructure

Galloway’s strategic location offers significant logistical advantages, thanks to its access to major transportation networks:

Highways: The city is served by the Garden State Parkway and U.S. Route 30, providing efficient north-south and east-west connectivity.
Airports: Atlantic City International Airport is located nearby, offering passenger and cargo services that enhance Galloway’s appeal for businesses requiring air transport.
Rail Lines: The New Jersey Transit rail service connects Galloway to Philadelphia, facilitating commuter access and labor mobility.

For more information, visit the New Jersey Department of Transportation and South Jersey Transportation Authority.

Commercial Real Estate Inventory & Zoning

Galloway boasts a diverse CRE inventory, with several distinct submarkets:

Central Business District (CBD): Features a mix of office, retail, and service-oriented businesses.
Industrial Corridors: Located near major highways, these areas support logistics and distribution operations.
Innovation Districts: Emerging areas near educational institutions like Stockton University that cater to tech startups and research facilities.

The city offers various zoning incentives and overlays to encourage development. For detailed zoning maps and information, visit the Galloway Township Zoning Department.

Major Employers and Institutions

Key drivers of CRE demand in Galloway include:

AtlantiCare Regional Medical Center: A major healthcare provider.
Stockton University: A significant contributor to the local economy and real estate demand.
Galloway Township Public Schools: Employs numerous residents and supports the local economy.

For a comprehensive list of major employers, visit the Atlantic County Business Directory.

Notable Commercial Developments & Projects

Galloway is home to several large-scale development projects, including:

Stockton University Gateway Project: A mixed-use development featuring academic, residential, and retail components.
Opportunity Zones: Designated areas offering tax incentives for investment.

For more information, explore the Galloway Township Planning Department.

Building Permits, Planning, and Development Tools

Galloway provides a range of resources for developers and investors:

Market Data & Economic Reports

Public data sets are available for those seeking detailed market insights:

Brevitas offers AI-powered aggregation of public data and internal insights, providing users with comprehensive dashboards for Galloway's CRE landscape. Explore Brevitas-powered insights here.