Gloversville, New York Commercial Real Estate 10 Listings

Gloversville, New York: A Premier Destination for Commercial Real Estate

Introduction

Gloversville, New York, presents a compelling landscape for commercial real estate (CRE) investors and professionals, combining a rich industrial heritage with emerging opportunities. Located in Fulton County, Gloversville's commercial appeal is driven by its historical significance in the leather industry and its evolving economic landscape, which now includes healthcare, manufacturing, and retail. This city offers unique positioning for CRE with its access to major transport routes and a supportive business environment.

Economic and Industry Overview

Gloversville's economy has traditionally been anchored in the leather industry, earning it the nickname "Glove City." Today, the city's economic base is diversifying, with significant contributions from healthcare, manufacturing, and retail sectors. These industries create robust demand for a variety of commercial property types, including industrial spaces for manufacturing and logistics, office spaces for healthcare and administrative functions, and retail properties that serve the local population.

Regional economic development initiatives, such as those led by the Fulton County Center for Regional Growth, are pivotal in supporting business expansion and attracting new industries. These efforts facilitate a favorable environment for commercial real estate investments.

Strategic Location and Transportation Infrastructure

Gloversville benefits from strategic connectivity through several major highways, including the New York State Thruway (I-90) and Route 30A, providing seamless access to regional markets. The city is in proximity to Albany International Airport, enhancing its logistical advantages for business travel and freight. Additionally, the presence of rail lines supports freight operations, critical for manufacturing and distribution sectors.

For more information on transport infrastructure, visit the New York State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Gloversville's commercial real estate landscape is characterized by distinct submarkets, including:

Central Business District (CBD): A hub for office spaces and retail properties.
Industrial Corridors: Featuring properties suitable for manufacturing and logistics.
Innovation Districts: Emerging areas for tech and creative industries.

Recent zoning changes and incentives, such as Opportunity Zones, provide attractive conditions for developers. Detailed zoning maps and parcel viewers can be accessed through the City of Gloversville's Planning Department.

Major Employers and Institutions

Key drivers of CRE demand in Gloversville include:

Nathan Littauer Hospital: A major healthcare provider.
Fage USA Dairy Industry: A leading manufacturer.
Lexington Center: A significant presence in the social services sector.

These entities, alongside educational institutions and government centers, provide stability and growth prospects for commercial real estate. For more information, visit the Fulton County Chamber of Commerce.

Notable Commercial Developments & Projects

Significant development projects in Gloversville include mixed-use developments and public-private partnerships enhancing the city's commercial prospects. The designation of Opportunity Zones further amplifies investment opportunities. Details on these projects can be viewed on the City of Gloversville's Planning Department.

Building Permits, Planning, and Development Tools

Key resources for developers and investors include:

City’s Building and Safety Department: For permits and safety regulations.
Permitting Portal: Streamlines the application process.
Parcel Map Viewer / GIS: Access to detailed property maps.
Planning Commission: Guidance on development projects.
Development Code: Comprehensive regulations and guidelines.

Market Data & Economic Reports

Public datasets such as those available from census.gov provide valuable insights into the economic landscape of Gloversville. Brevitas utilizes AI-powered aggregation to offer enhanced market data and insights, tailored for CRE professionals. Explore Brevitas-powered dashboards for Gloversville here.