Westbury, New York Commercial Real Estate 0 Listings

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

Introduction

Westbury, New York, located in Nassau County on Long Island, is a vibrant hub for commercial real estate (CRE) activities. With its strategic location and robust economy, Westbury attracts a wide range of industries, including retail, healthcare, and professional services. The city's unique positioning as a suburban enclave with easy access to New York City makes it a desirable location for businesses seeking to capitalize on regional economic growth.

Economic and Industry Overview

Westbury's economy is driven by a diverse array of industries. The retail sector is particularly strong, thanks to the presence of major shopping centers like The Mall at The Source and Westbury Plaza. Healthcare and professional services are also significant contributors to the CRE demand, with numerous medical offices and corporate spaces in the area. The presence of large financial institutions and business services further enhances the commercial real estate landscape.

Regional economic developments are supported by initiatives from the Nassau County Industrial Development Agency, which provides incentives for business growth and development in the area.

Strategic Location and Transportation Infrastructure

Westbury boasts excellent transportation infrastructure, making it a prime location for logistics and distribution. Major highways such as the Long Island Expressway (I-495) and Northern State Parkway provide seamless connectivity to New York City and other parts of Long Island. The city is also served by the Long Island Rail Road, offering convenient commuter access.

The New York Department of Transportation provides detailed information about the region's transportation infrastructure, highlighting its advantages for commercial activities.

Commercial Real Estate Inventory & Zoning

Westbury's commercial real estate market is characterized by diverse submarkets, including retail corridors, office spaces, and industrial zones. Key asset classes include:

Retail: Concentrated around major shopping centers and downtown areas.
Office: Available in both standalone buildings and mixed-use developments.
Industrial: Located primarily in designated industrial corridors.

The city's zoning regulations and incentives are detailed in the Town of Hempstead Zoning Map, which offers insights into development opportunities and permissible uses.

Major Employers and Institutions

Westbury is home to several major employers and institutions that drive demand for commercial real estate. Notable entities include:

NYU Langone Hospital—Long Island: A major healthcare provider in the region.
Northwell Health: A leading healthcare network with facilities in the area.
Corporate offices: Various financial and professional services firms.

The Nassau County Economic Development Board provides additional resources on the city's business landscape.

Notable Commercial Developments & Projects

Significant commercial development projects in Westbury include mixed-use developments and ongoing revitalization efforts in the downtown area. These projects aim to enhance Westbury's appeal as a live-work-play destination.

Opportunity Zones in the region offer further incentives for investors and developers. Information on these zones can be found through the Nassau County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are crucial:

These tools provide access to permitting portals, parcel maps, and development codes.

Market Data & Economic Reports

Public data sets, such as those from census.gov, offer valuable insights into Westbury's economic conditions. Brevitas leverages AI-powered aggregation from public data and internal insights to deliver comprehensive market analysis and reports. Explore Brevitas-powered dashboards for more detailed insights.

Why Use Brevitas for Westbury, New York CRE?

Brevitas stands out as the premier platform for discovering commercial real estate opportunities in Westbury, New York. Our AI-driven solutions offer: