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

Introduction

Union, New Jersey, is a burgeoning hub for commercial real estate, offering strategic advantages for investors and businesses seeking growth opportunities in the Northeastern United States. With a population of approximately 58,000, Union is part of the vibrant New York metropolitan area, which bolsters its economic landscape. The city's proximity to major urban centers and its diverse economy, which includes strong logistics, retail, and healthcare sectors, make Union an attractive destination for various commercial real estate ventures.

Economic and Industry Overview

Union's economy is diversified across several key industries that drive demand for commercial real estate:

• Logistics and Distribution: The city's strategic location near major highways and ports supports a thriving logistics industry, increasing demand for industrial and warehouse spaces.
• Retail: With a robust retail sector, Union attracts numerous shopping centers and retail outlets, enhancing demand for retail spaces.
• Healthcare: The presence of medical institutions drives demand for medical office buildings and healthcare facilities.

The Union County Economic Development Corporation actively supports business growth and development initiatives, further enhancing the city's commercial appeal.

Strategic Location and Transportation Infrastructure

Union benefits from exceptional transportation infrastructure, providing logistical advantages for businesses:

• Highways: Union is conveniently located near the Garden State Parkway and Interstate 78, facilitating easy access to New York City and other major markets.
• Airports: Newark Liberty International Airport, a major international gateway, is just a short drive away, offering global connectivity.
• Rail Lines: The city is served by NJ Transit's Raritan Valley Line, ensuring efficient commuter and freight transportation.

For further information, visit the New Jersey Department of Transportation website.

Commercial Real Estate Inventory & Zoning

Union boasts a diverse array of commercial real estate submarkets:

• Industrial Corridors: Ideal for logistics and distribution, these areas offer large-scale industrial properties.
• Retail Districts: Featuring shopping centers and standalone retail outlets, these areas cater to consumer demands.
• Office Spaces: Professional and medical office spaces are available throughout the city.

The city has implemented zoning incentives to attract developers, which can be explored on the Union Township Zoning Map.

Major Employers and Institutions

Union hosts several major employers and institutions that contribute to its economic vitality:

• Kean University: A leading higher education institution driving demand for student housing and related services.
• Corporate Headquarters: Companies like Bed Bath & Beyond have a significant presence, influencing the office and retail real estate sectors.

For more business information, visit the Union Township Business Directory.

Notable Commercial Developments & Projects

Union is home to several major developments that enhance its CRE landscape:

• Mixed-Use Developments: Projects like Vermella Union offer a blend of residential, retail, and office spaces.
• Opportunity Zones: Union features designated Opportunity Zones that provide tax incentives for investors.

Detailed plans can be found on the Union Township Planning Board.

Building Permits, Planning, and Development Tools

Union provides various resources for developers and investors:

• Building and Safety Department
• Permitting Portal
• GIS Parcel Viewer
• Planning Commission

Market Data & Economic Reports

Union offers a wealth of public data for market analysis:

• U.S. Census Bureau
• Union's Open Data Portal
• Economic impact reports from the Union County Economic Development Corporation.

Brevitas uses AI-powered aggregation from these public data sources and internal insights. Explore Brevitas-powered dashboards for Union, New Jersey.

Why Use Brevitas for Union, New Jersey CRE?

Brevitas provides advanced tools and features for commercial real estate professionals:

• AI-Driven CRE Discovery: Uncover opportunities with real-time market alerts.
• Smart Property Pages: Enhance your listings with auto-generated pages.
• Dealroom Collaboration: Facilitate transactions with integrated tools.
• Exclusive Listings: Gain premium exposure with Brevitas' exclusive network.

Utilize Brevitas to navigate Union's dynamic CRE market effectively. Connect with brokers, developers, and investors to maximize your commercial real estate endeavors in Union, New Jersey.