Vermont: A Premier Destination for Commercial Real Estate

Introduction

Vermont, known for its picturesque landscapes and vibrant local economy, offers a unique commercial real estate (CRE) environment. As a relatively small state with a robust economy driven by industries such as agriculture, manufacturing, and tourism, Vermont presents attractive opportunities for CRE investors. Vermont's strategic location in the northeastern U.S., combined with its commitment to sustainable economic development, makes it a compelling market for various commercial property types, including office spaces, industrial warehouses, and retail centers.

Economic and Industry Overview

Vermont's economy is anchored by key industries such as agriculture, manufacturing, and tourism, each contributing to the demand for different CRE asset classes:

• Agriculture: As a leading producer of dairy products, Vermont's agricultural industry supports the demand for industrial and processing facilities.
• Manufacturing: The manufacturing sector, including high-tech and precision manufacturing, drives the need for industrial properties and innovation spaces.
• Tourism: Vermont's flourishing tourism industry spurs demand for retail and hospitality properties.

The Vermont Agency of Commerce and Community Development promotes economic growth through various initiatives, supporting CRE expansion and development.

Strategic Location and Transportation Infrastructure

Vermont's strategic location offers several logistical advantages:

• Highways: Major highways like Interstate 89 and Interstate 91 provide efficient north-south and east-west connections.
• Airports: The Burlington International Airport (BTV) serves as a key air travel hub.
• Rail Lines: Vermont is served by freight railroads that facilitate industrial and commercial logistics.

These transportation networks provide seamless access to regional and national markets, enhancing Vermont's appeal for distribution and logistics operations.

Commercial Real Estate Inventory & Zoning

Vermont's CRE market is segmented into several submarkets:

• Central Business Districts (CBDs): Found in cities like Burlington, these areas are significant for office and retail spaces.
• Industrial Corridors: The state has dedicated industrial zones supporting manufacturing and logistics.
• Innovation Districts: Areas focusing on technology and research facilities.

Vermont's zoning policies encourage sustainable development, with incentives available for eco-friendly projects. Access the Vermont Center for Geographic Information for zoning maps and parcel viewers.

Major Employers and Institutions

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

• University of Vermont: A significant research institution contributing to office and innovation space needs.
• GlobalFoundries: A leading semiconductor manufacturer with facilities in the state.
• State Government: As Vermont's largest employer, it influences the demand for office and administrative spaces.

Explore Vermont's Economic Development Directory for more information on key employers.

Notable Commercial Developments & Projects

Vermont is home to several transformative commercial developments:

• South Burlington City Center Project: A mixed-use development enhancing retail and office space in the region.
• Opportunity Zones: Various areas across Vermont designated for economic revitalization and investment incentives.

Visit the Vermont Department of Housing and Community Development for planning department resources and project maps.

Building Permits, Planning, and Development Tools

For CRE projects in Vermont, access essential tools and resources:

• Vermont Division of Fire Safety for building permits and safety regulations.
• Vermont Planning Information Center for planning and zoning resources.
• Vermont Parcel Viewer for GIS and parcel information.

Market Data & Economic Reports

Vermont offers access to valuable public data sets and reports:

• Census Bureau for demographic and economic data.
• Vermont Open Data Portal for state-specific data.

Brevitas utilizes AI-powered aggregation from public data and internal insights, offering comprehensive Brevitas Vermont CRE Dashboards for deeper market analysis.

Why Use Brevitas for Vermont CRE?

Brevitas is your go-to platform for discovering Vermont CRE opportunities:

• AI-Driven Discovery: Enhanced search capabilities tailored to your needs.
• Real-Time Market Alerts: Stay informed with instant updates on new listings.
• Smart Property Pages: Detailed insights and analytics for informed decision-making.
• Dealroom Collaboration: Seamless integration with brokers and developers for efficient transactions.
• Exclusive Listings: Gain access to premium properties with unparalleled exposure.

Choose Brevitas for a comprehensive and innovative approach to Vermont commercial real estate.

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