Warren, Rhode Island: A Premier Destination for Commercial Real Estate

Introduction

Warren, Rhode Island, though a small town in terms of population, punches above its weight in commercial real estate (CRE) appeal. Situated in the East Bay region, Warren is strategically positioned between Providence and Newport, making it an attractive hub for businesses seeking proximity to major urban centers without the associated overheads. The town's economy benefits from a diverse mix of industries, including manufacturing, healthcare, and retail, driving demand for various property types such as office spaces, industrial facilities, and retail storefronts.

Economic and Industry Overview

Warren's economy is anchored by a blend of traditional and emerging industries. The manufacturing sector, known for its precision machining and textiles, remains a significant driver of industrial property demand. Additionally, the healthcare industry, supported by nearby facilities and a growing aging population, increases the need for medical office spaces. The town's retail landscape is buoyed by local businesses and artisanal shops that attract both residents and tourists.

• Major Industries: Manufacturing, Healthcare, Retail
• Economic Initiatives: The Rhode Island Commerce Corporation plays a pivotal role in fostering economic growth through business incentives and support programs.

Strategic Location and Transportation Infrastructure

Warren boasts a strategic location with access to major transportation networks: - Highways: Route 114 and Route 136 facilitate north-south travel through Warren, connecting businesses with Providence and Fall River. - Airports: T.F. Green Airport, located approximately 20 miles away, offers domestic and international flights. - Ports: The Port of Providence, accessible via a short drive, provides shipping and freight services crucial for industrial operations.

These logistical advantages make Warren an ideal location for distribution centers and businesses reliant on efficient transportation networks.

Commercial Real Estate Inventory & Zoning

Warren's commercial real estate market is characterized by several submarkets: - Downtown Warren: Hosts a mix of retail and office spaces, benefiting from foot traffic and tourism. - Industrial Corridors: Located primarily along the outskirts, providing ample space for manufacturing and warehousing.

The town offers incentives for developers, including tax increment financing and zoning overlays that encourage mixed-use development. Detailed zoning maps and parcel viewers are available through the Town of Warren's Planning Department.

Major Employers and Institutions

Warren's commercial landscape is supported by several major employers and institutions: - Top Employers: Blount Fine Foods, National Grid, and Warren Skilled Nursing and Rehabilitation. - Educational Institutions: Proximity to Roger Williams University enhances the demand for educational and research facilities.

For more information, visit the Bristol-Warren Economic Development Corporation.

Notable Commercial Developments & Projects

Warren is witnessing several transformative projects: - Tourister Mill Redevelopment: A mixed-use development revitalizing a historic site with residential and commercial spaces. - Opportunity Zones: Parts of Warren are designated as Opportunity Zones, offering tax advantages for investors.

For detailed project maps and planning documents, explore the Warren Planning Board.

Building Permits, Planning, and Development Tools

For developers and investors, Warren provides various tools and resources: - Building and Safety Department - Permitting Portal - Parcel Map Viewer - Planning Commission - Development Code

Market Data & Economic Reports

Warren's market data and economic insights are available through public datasets: - U.S. Census Bureau - Rhode Island Open Data Portal

Brevitas utilizes AI-powered aggregation from these sources, providing real-time insights. Explore Brevitas-powered dashboards for Warren to stay informed on market trends.

Why Use Brevitas for Warren, Rhode Island CRE?

Brevitas offers cutting-edge tools for CRE professionals, including: - AI-driven CRE Discovery: Personalized property recommendations. - Real-time Market Alerts: Stay ahead with instant updates. - Smart Property Pages: Comprehensive property data at your fingertips. - Dealroom Collaboration: Seamless communication with stakeholders.

Brevitas' platform features auto-generated listing pages, email and landing page tools, and integration with brokers and developers, ensuring exclusive listings and premium exposure in the Warren market.