Franklin Township, New Jersey Commercial Real Estate 0 Listings

Franklin Township, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Franklin Township, New Jersey, stands as a vibrant hub for commercial real estate (CRE) opportunities. Nestled in Somerset County, this township boasts a diverse economy and strategic location that make it an attractive destination for investors and developers. With a strong foundation in industries such as logistics, pharmaceuticals, and technology, Franklin Township presents a unique landscape for various asset classes, including office, industrial, and retail spaces.

Economic and Industry Overview

Franklin Township’s economy is powered by a mix of industries, prominently featuring logistics, biotechnology, and technology sectors. The presence of major pharmaceutical companies and logistics firms drives demand for both industrial and office spaces. The township's economic landscape is supported by the Somerset County Business Partnership, which offers resources and initiatives to foster economic development and attract businesses.

Strategic Location and Transportation Infrastructure

Franklin Township offers unparalleled connectivity with its proximity to major highways such as Interstate 287 and Route 22, facilitating efficient transportation and distribution. The township is strategically located near the Port of New York and New Jersey and Newark Liberty International Airport, providing logistical advantages for businesses engaged in distribution and warehousing. The area is well-served by rail lines, further enhancing its access to key markets and labor pools.

Commercial Real Estate Inventory & Zoning

Franklin Township's commercial real estate landscape is segmented into distinct submarkets, including vibrant industrial corridors and emerging innovation districts. Key asset classes in the township include industrial, retail, office, and medical spaces. Recent zoning updates have introduced incentives for developers, fostering growth in the innovation sector. For detailed zoning information, visit the Franklin Township Planning and Zoning page.

Major Employers and Institutions

The township is home to several major employers and institutions that significantly impact CRE demand. Noteworthy employers include Johnson & Johnson, Verizon Communications, and Catalent Pharma Solutions. Additionally, the presence of Rutgers University’s nearby campuses contributes to the demand for office and research spaces. Explore the Somerset County Business Directory for more information on local businesses.

Notable Commercial Developments & Projects

Franklin Township is witnessing several large-scale development projects, including mixed-use developments and innovation parks. Public-private partnerships and designated Opportunity Zones offer investment incentives. For insight into ongoing projects, visit the Franklin Township Planning Department.

Building Permits, Planning, and Development Tools

For professionals interested in development, Franklin Township provides a range of resources:

Market Data & Economic Reports

Access a wealth of public data sets such as those provided by census.gov and the Somerset County Open Data Portal. Brevitas leverages AI-powered aggregation from public data and internal insights. To explore Brevitas-powered dashboards for Franklin Township, visit Brevitas.

Why Use Brevitas for Franklin Township, New Jersey CRE?

Brevitas offers a suite of AI-driven tools for CRE discovery, real-time market alerts, and dealroom collaboration, making it an invaluable resource for investors and brokers in Franklin Township. Unique features include: