Cambridge, New York Commercial Real Estate 1 Listing

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

Introduction

Nestled in Washington County, Cambridge, New York, offers a unique blend of small-town charm and robust commercial real estate (CRE) opportunities. With its strategic location near major cities like Albany and Saratoga Springs, Cambridge is poised for growth in various sectors, including agriculture, tourism, and light manufacturing. The town's appeal lies in its versatile economy, which supports diverse CRE asset classes such as industrial, retail, and office spaces.

Economic and Industry Overview

Cambridge's economy is driven by key industries like agriculture, tourism, and light manufacturing, which create a steady demand for commercial properties. The presence of fertile land supports agricultural enterprises, while the town's rich history and scenic landscapes attract tourists, boosting the hospitality and retail sectors.

The Washington County Economic Development initiatives aim to enhance business growth and infrastructure, further increasing CRE demand. The town's proximity to larger economic hubs also provides additional opportunities for businesses looking to expand or relocate.

Strategic Location and Transportation Infrastructure

Cambridge benefits from its strategic location in Eastern New York, with easy access to major highways such as Route 22 and Route 313, facilitating efficient transportation and logistics. While the town lacks direct access to airports or major rail lines, its proximity to Albany International Airport and Amtrak stations in nearby cities offers additional connectivity.

Cambridge's logistical advantages include access to vast labor pools from surrounding regions and proximity to significant markets in New York and New England. For more information on transportation infrastructure, visit the New York State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Cambridge's commercial real estate market is characterized by diverse submarkets, including the central business district, industrial zones, and retail corridors. Key asset classes in the area include:

Industrial: Warehouses and distribution centers support local manufacturing and agricultural processing.
Retail: Boutique shops and larger retail spaces cater to both locals and tourists.
Office: Small office spaces are available for local businesses and remote workers.

The town has implemented zoning changes and overlays to encourage development, with incentives available for developers. For detailed zoning maps and parcel information, access the Town of Cambridge Zoning Map.

Major Employers and Institutions

Cambridge is home to several major employers and institutions that drive CRE demand. Top employers include:

Cambridge Central School District: A significant employer in education.
Local Agricultural Enterprises: Numerous farms and agricultural businesses.
Tourism and Hospitality: Businesses catering to the tourist influx.

These institutions contribute to the demand for various CRE asset classes. For a comprehensive list of local businesses, visit the Cambridge Business Directory.

Notable Commercial Developments & Projects

Cambridge has several notable development projects that highlight its growth potential. Key projects include:

Mixed-Use Developments: New constructions combining retail, office, and residential spaces.
Public-Private Partnerships: Initiatives aimed at revitalizing historic properties and enhancing infrastructure.
Opportunity Zones: Designated areas encouraging investment through tax incentives.

For detailed information on ongoing projects, refer to the Cambridge Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development, the following resources are essential:

These tools provide comprehensive insights into the planning and permitting processes in Cambridge.

Market Data & Economic Reports

Cambridge's economic landscape is supported by a wealth of public data. Key resources include:

Brevitas leverages AI-powered aggregation from public data and internal insights to provide real-time market alerts and smart property pages. Explore Brevitas-powered dashboards for Cambridge here.