Cherry Hill, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Cherry Hill, New Jersey, offers a dynamic landscape for commercial real estate (CRE) professionals. Situated in the heart of Camden County, this vibrant suburban community boasts a robust economy characterized by diverse industry clusters and strategic positioning near major metropolitan areas. With its proximity to Philadelphia and a strong local economy, Cherry Hill has become a sought-after location for various commercial property types, including retail, office, and industrial spaces.

Economic and Industry Overview

Cherry Hill's economy is driven by key industries such as healthcare, retail, and professional services. The presence of major hospitals and medical centers has spurred demand for healthcare-related office spaces, while the thriving retail sector contributes to the need for commercial storefronts. Additionally, Cherry Hill's strategic location near Philadelphia enhances its appeal for logistics and distribution, boosting the demand for industrial properties. The Camden County Economic Development Board actively supports these industries with initiatives aimed at fostering growth and development.

Strategic Location and Transportation Infrastructure

Cherry Hill's strategic location offers unparalleled access to major transportation networks:

• Highways: Interstate 295 and the New Jersey Turnpike provide seamless connectivity to New York City and Philadelphia.
• Airports: The Philadelphia International Airport, located just 20 miles away, facilitates both domestic and international travel.
• Rail Lines: The New Jersey Transit system offers commuter routes to Philadelphia and other regional hubs.

These logistical advantages make Cherry Hill an attractive choice for businesses seeking efficient distribution channels and access to a skilled labor pool. More information can be found on the New Jersey Department of Transportation's website.

Commercial Real Estate Inventory & Zoning

Cherry Hill's commercial real estate landscape is segmented into various submarkets, including:

• Central Business District (CBD): Known for its concentration of office spaces and professional services.
• Industrial Corridors: Located near major highways, these zones are ideal for logistics and distribution facilities.
• Retail Centers: Cherry Hill Mall and other retail hubs offer significant opportunities for retail investment.

Recent zoning changes have introduced incentives for developers, particularly in designated redevelopment areas. For zoning maps and parcel viewers, visit the Cherry Hill Township Zoning Department.

Major Employers and Institutions

Cherry Hill is home to several major employers and institutions that drive CRE demand:

• Virtua Health: A leading healthcare provider with multiple facilities in the area.
• Subaru of America: The corporate headquarters located in Cherry Hill.
• Rowan University: Contributing to the demand for educational and research spaces.

For more information on Cherry Hill's business community, visit the Cherry Hill Business Directory.

Notable Commercial Developments & Projects

Recent large-scale projects in Cherry Hill include:

• Garden State Park: A mixed-use development featuring retail, residential, and office spaces.
• Cherry Hill Opportunity Zone: Offering tax incentives for investment in designated areas.

Details on these projects can be accessed through the Cherry Hill Planning Department.

Building Permits, Planning, and Development Tools

For those looking to invest in Cherry Hill CRE, the following resources are invaluable:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Public data sets like census.gov and Cherry Hill's open data portal provide critical insights into the local market. Brevitas leverages AI to aggregate these public data sources and internal insights, offering users a comprehensive view of the Cherry Hill CRE market. Explore Brevitas-powered dashboards for the city here.

Why Use Brevitas for Cherry Hill, New Jersey CRE?

Brevitas is the premier platform for discovering and managing CRE opportunities in Cherry Hill:

• AI-Driven Discovery: Find properties that match your criteria with precision.
• Real-Time Market Alerts: Stay informed with the latest market trends and opportunities.
• Smart Property Pages: Access comprehensive property details at a glance.
• Dealroom Collaboration: Collaborate with brokers and developers seamlessly.

Unique features like auto-generated listing pages, email and landing page tools, and exclusive listings provide premium exposure for your properties. Learn more about how Brevitas can enhance your CRE strategy in Cherry Hill by visiting Brevitas.