Farmington, New Mexico Commercial Real Estate 0 Listings
Farmington, New Mexico: A Premier Destination for Commercial Real Estate
Introduction
Farmington, New Mexico, is a burgeoning hub for commercial real estate (CRE), strategically situated in the Four Corners region of the American Southwest. With a population of approximately 45,000, Farmington serves as the commercial center for the region, bolstered by a robust economy rooted in energy production, retail, and healthcare. The city's unique positioning provides significant opportunities for CRE investment, particularly in industries such as energy, agriculture, and logistics.
Economic and Industry Overview
Farmington's economy is significantly driven by the energy sector, with oil and gas production playing a pivotal role. The presence of major energy companies fuels demand for industrial and office spaces. Additionally, the retail sector thrives due to Farmington's status as a regional shopping destination. The healthcare industry also contributes to the CRE landscape, with San Juan Regional Medical Center being a major employer.
- Energy Sector: Drives demand for industrial and office spaces.
- Retail Hub: Supports a variety of retail property types.
- Healthcare Industry: Prominent demand for medical office buildings.
For more information, explore the Farmington Economic Development Department.
Strategic Location and Transportation Infrastructure
Farmington boasts a strategic location with access to major transportation routes, enhancing its appeal for logistics and distribution.
- Highways: U.S. Route 64 and U.S. Route 550 provide vital connectivity.
- Airports: The Four Corners Regional Airport serves the city.
- Proximity: Offers logistical advantages for regional distribution and access to labor pools.
For detailed information on transportation infrastructure, visit the New Mexico Department of Transportation.
Commercial Real Estate Inventory & Zoning
Farmington's CRE market is diverse, with various submarkets offering distinct opportunities:
- Downtown Business District: Focused on office and retail spaces.
- Industrial Corridors: Primarily located near transportation hubs.
- Healthcare and Medical Zones: Growing demand for medical office spaces.
The city actively encourages development through incentives and zoning overlays. To explore zoning maps and parcel viewers, visit the City of Farmington Planning Division.
Major Employers and Institutions
Several key employers and institutions drive Farmington's CRE demand:
- San Juan Regional Medical Center: A major healthcare provider.
- PMS Farmington Community Health Center: Contributes to medical office demand.
- BHP Billiton and ConocoPhillips: Significant players in the energy sector.
For a comprehensive list of local employers, check the Farmington Economic Development Department.
Notable Commercial Developments & Projects
Farmington is home to several large-scale development projects:
- Tibbetts Middle School Redevelopment: A mixed-use project integrating educational and commercial spaces.
- Opportunity Zones: Designated areas providing tax incentives for investors.
For detailed project information, visit the Farmington Planning Division.
Building Permits, Planning, and Development Tools
For developers and investors, Farmington offers a range of planning and permitting tools:
Market Data & Economic Reports
Explore Farmington's market data and economic reports through public datasets:
Brevitas leverages AI-powered aggregation from these public sources and internal insights. Explore our Brevitas-powered dashboards for detailed market insights.
Why Use Brevitas for Farmington, New Mexico CRE?
Brevitas offers an unparalleled platform for CRE discovery in Farmington, New Mexico:
- AI-Driven Discovery: Real-time market alerts and smart property pages.
- Dealroom Collaboration: Streamlined communication with brokers and developers.
- Exclusive Listings: Premium exposure for your properties.
Discover the benefits of Brevitas, including auto-generated listing pages and integration tools, by visiting Brevitas.
