Cumberland, RI, Rhode Island: A Premier Destination for Commercial Real Estate

Introduction

Cumberland, RI, Rhode Island, is a hidden gem in the commercial real estate (CRE) landscape. Nestled in the northeastern region of the state, Cumberland offers a strategic location for businesses seeking growth opportunities. With a population of approximately 35,000, the city is characterized by a stable economy with significant industry clusters, including manufacturing and logistics. Its proximity to major urban centers makes it an attractive location for CRE investments.

Economic and Industry Overview

Cumberland's economy is driven by diverse industries, notably manufacturing and logistics, which create robust demand for industrial and office spaces. The presence of companies in these sectors supports a healthy commercial real estate market. The Northern Rhode Island Economic Development Partnership actively fosters economic growth, encouraging businesses to expand in Cumberland. Their initiatives provide resources and incentives to businesses, further enhancing the city's CRE appeal.

Strategic Location and Transportation Infrastructure

Cumberland's strategic location offers excellent connectivity to major transportation networks, making it a prime location for businesses. Key transportation assets include:

• Highways: Easy access to Interstate 295 and Route 99 facilitates efficient transportation of goods.
• Airports: Proximity to T.F. Green Airport in Warwick and Logan International Airport in Boston provides international and domestic flight access.
• Rail: The nearby Providence & Worcester Railroad offers freight services, enhancing logistics capabilities.

These logistical advantages position Cumberland as a hub for distribution and access to labor pools. For more information, visit the Rhode Island Department of Transportation.

Commercial Real Estate Inventory & Zoning

Cumberland features several distinct CRE submarkets:

• Industrial Corridors: These areas cater to manufacturing and logistics businesses, with a growing inventory of industrial properties.
• Office Spaces: The city offers a range of office spaces suitable for corporate headquarters and small businesses.
• Retail Centers: Retail spaces in Cumberland benefit from high traffic and visibility.

The city has recently updated its zoning regulations to encourage mixed-use developments and innovation districts. For zoning maps and parcel viewers, visit the Cumberland Planning Department.

Major Employers and Institutions

Cumberland hosts several major employers and institutions that drive CRE demand:

• Collette Vacations: A leading travel company headquartered in Cumberland.
• Mercer Valve Co.: A key player in manufacturing, contributing to industrial real estate demand.
• Bryant University: Located nearby, it influences demand for office and retail spaces.

For more information, visit the Northern Rhode Island Chamber of Commerce.

Notable Commercial Developments & Projects

Several significant projects are shaping Cumberland's CRE market:

• Ashton Mills Redevelopment: A mixed-use development in a historic mill, blending residential, retail, and office spaces.
• Opportunity Zones: Cumberland benefits from designated Opportunity Zones, providing tax incentives for investors.

These projects, supported by public-private partnerships, enhance the city's CRE landscape. For planning department resources, visit Cumberland's Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Cumberland offers comprehensive resources:

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

Market Data & Economic Reports

Cumberland's market data and economic insights are readily available through public sources:

• U.S. Census Bureau
• Cumberland's Open Data Portal

Brevitas utilizes AI-powered aggregation of public data and internal insights, offering detailed market dashboards. Explore Brevitas-powered city insights for Cumberland here.

Why Use Brevitas for Cumberland, RI, Rhode Island CRE?

Brevitas offers a sophisticated platform for discovering CRE opportunities in Cumberland:

• AI-Driven Discovery: Find properties tailored to your investment criteria.
• Real-Time Market Alerts: Stay informed about new listings and market trends.
• Smart Property Pages: Access detailed property information and analytics.
• Dealroom Collaboration: Collaborate with brokers and developers seamlessly.

Leverage Brevitas' unique features, including auto-generated listing pages, email and landing page tools, and exclusive listings for premium exposure. Discover the Brevitas advantage for Cumberland's commercial real estate market today.