New Kensingtn, Pennsylvania Commercial Real Estate 0 Listings

New Kensington, Pennsylvania: A Premier Destination for Commercial Real Estate

Introduction

New Kensington, Pennsylvania, offers a compelling landscape for commercial real estate (CRE) investment, characterized by a diverse economy and strategic location. As a city known for its manufacturing heritage, New Kensington is transitioning into a hub for innovation and technology. Its proximity to Pittsburgh and access to major transportation networks enhance its appeal for various industries. The city's commitment to economic development and revitalization positions it as a prime destination for CRE professionals seeking growth opportunities.

Economic and Industry Overview

New Kensington's economy is anchored by several key industries, including manufacturing, healthcare, and technology. The city's historical roots in aluminum production have evolved into a broader manufacturing base, supporting demand for industrial properties. The healthcare sector, driven by nearby hospitals and research institutions, creates a steady need for office and medical facilities. Additionally, New Kensington is nurturing a burgeoning tech scene, attracting startups and driving demand for flexible office spaces.

Major Industries: Manufacturing, Healthcare, Technology
Economic Development Initiatives: The Pennsylvania Department of Community and Economic Development supports regional growth through various grants and tax incentives.

Strategic Location and Transportation Infrastructure

New Kensington benefits from an advantageous location in the Pittsburgh metropolitan area, offering excellent connectivity via major transportation routes.

Highways: Access to Route 28 and the Pennsylvania Turnpike facilitates efficient distribution and commuting.
Airports: The Pittsburgh International Airport provides global connectivity just a short drive away.
Public Transit: The Westmoreland County Transit Authority enhances local and regional mobility.

These transportation assets make New Kensington an attractive location for logistics and distribution operations, offering easy access to labor pools and regional markets.

Commercial Real Estate Inventory & Zoning

New Kensington's CRE market includes a diverse range of submarkets and asset classes:

Submarkets: Central Business District, Industrial Corridors, Innovation Districts
Asset Classes: Industrial, Office, Retail, Medical
Zoning and Incentives: The city offers various incentives for developers, including tax abatements and zoning overlays. Explore New Kensington's zoning maps for detailed planning information.

Major Employers and Institutions

Several notable employers and institutions contribute to CRE demand in New Kensington:

Top Employers: Alcoa Corporation, Pittsburgh Plate Glass Company
Educational Institutions: Penn State New Kensington, a regional campus fostering innovation and workforce development.

For a comprehensive list of businesses, visit the Westmoreland County Economic Development website.

Notable Commercial Developments & Projects

New Kensington is home to several major development projects that are reshaping its commercial landscape:

Mixed-Use Developments: Initiatives like the New Kensington Downtown Revitalization Project aim to attract businesses and residents to the city center.
Opportunity Zones: Specific areas of the city qualify for federal Opportunity Zone incentives, promoting investment in underserved neighborhoods.

For more information, visit the New Kensington Planning Department.

Building Permits, Planning, and Development Tools

To support developers and investors, New Kensington offers a range of resources:

Market Data & Economic Reports

Access valuable public data to inform your investment decisions:

U.S. Census Bureau
City's Open Data Portal
Economic impact reports are available through the Westmoreland County Development Council.

Brevitas uses AI-powered aggregation from public data and internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for New Kensington to gain deeper insights into the market.