West Reading, Pennsylvania Commercial Real Estate 0 Listings

West Reading, Pennsylvania: A Premier Destination for Commercial Real Estate

Introduction

West Reading, Pennsylvania, a vibrant borough in Berks County, is emerging as a significant hub for commercial real estate (CRE). With a population of approximately 4,000, this small yet dynamic city offers a robust economy characterized by healthcare, retail, and the arts. Its strategic location near major urban centers and a burgeoning local economy make it an attractive destination for various CRE investments.

Economic and Industry Overview

West Reading's economy is primarily driven by healthcare and retail, with the Reading Hospital serving as a major anchor institution. The borough's thriving arts and culture scene also contributes to the local economy, enhancing demand for retail and mixed-use developments. The Greater Reading Economic Partnership actively supports regional business growth, promoting initiatives that attract new industries and investments. This diversified economic base drives demand for various commercial property types, including office spaces, retail centers, and healthcare facilities.

Strategic Location and Transportation Infrastructure

West Reading benefits from excellent connectivity with major highways such as U.S. Route 422 and Interstate 76, providing seamless access to Philadelphia and other significant markets. The Reading Regional Airport, located nearby, supports regional travel, while the proximity to the Philadelphia International Airport facilitates global connections. Public transportation, including Berks Area Regional Transportation Authority (BARTA) services, ensures easy access to labor pools.

Commercial Real Estate Inventory & Zoning

West Reading boasts diverse CRE submarkets, including a bustling Central Business District (CBD) and emerging innovation corridors. Key asset classes include industrial spaces for logistics, vibrant retail hubs, and modern office facilities. Recent zoning changes and overlays have facilitated mixed-use developments, aligning with the borough's vision for sustainable growth.

Major Employers and Institutions

The Reading Hospital, part of Tower Health, stands as the largest employer, significantly influencing local CRE demand. Other notable employers include Carpenter Technology Corporation and Boscov's. The presence of Alvernia University and Penn State Berks enriches the educational landscape, driving demand for student housing and associated retail services.

Greater Reading Chamber Alliance

Notable Commercial Developments & Projects

West Reading is witnessing transformative commercial projects, such as the Penn Corridor revitalization and mixed-use developments along Penn Avenue. These projects, often involving public-private partnerships, are reshaping the borough's urban landscape and creating vibrant spaces for business and leisure.

West Reading Planning Commission

Building Permits, Planning, and Development Tools

For developers and investors, West Reading provides comprehensive resources to streamline the development process:

Market Data & Economic Reports

Access essential market data and economic reports to inform investment decisions. Public datasets, such as those from census.gov and the City of Reading Open Data Portal, provide valuable insights. Brevitas enhances these insights with AI-powered aggregation and exclusive dashboards tailored to West Reading's CRE landscape.