Duffield, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Duffield, Virginia is an emerging hub for commercial real estate, strategically positioned in the southwestern part of the state. With a population of approximately 82,000 in the wider Scott County area, Duffield boasts a diverse economy driven by industries such as manufacturing, logistics, and healthcare. The city's unique geographical location offers significant advantages for commercial real estate (CRE) investors seeking opportunities in industrial, retail, and office spaces.

Economic and Industry Overview

Duffield's economy is bolstered by a robust manufacturing sector, which includes automotive parts, textiles, and advanced materials. The presence of these industries drives demand for industrial properties, while the healthcare sector's growth fuels the need for medical office spaces. Regional economic development initiatives, such as those by the Virginia Economic Development Partnership, play a crucial role in attracting new businesses and supporting existing ones, further enhancing CRE opportunities.

Strategic Location and Transportation Infrastructure

Duffield is strategically located near major transportation routes, including U.S. Route 23 and U.S. Route 58, providing seamless connectivity to neighboring states and major markets. The city is within driving distance of Tri-Cities Regional Airport, enhancing its logistical appeal for distribution and access to a skilled labor pool. For detailed transportation information, visit the Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Duffield's commercial real estate landscape comprises several submarkets, including its central business district and expanding industrial corridors. Key asset classes include industrial, retail, and medical office spaces. Recent zoning changes have introduced incentives for developers, encouraging mixed-use developments and the creation of innovation districts. Explore the city’s zoning maps on the Scott County GIS Viewer.

Major Employers and Institutions

The city's CRE demand is significantly influenced by major employers such as Tempur Sealy International and the Mountain Empire Community College. These institutions not only provide employment but also drive demand for office and retail spaces. For more on local businesses, visit the Virginia Economic Development Partnership.

Notable Commercial Developments & Projects

Duffield is witnessing several large-scale developments, including mixed-use projects and innovation parks. The city is part of federally designated Opportunity Zones, attracting investment through tax incentives. For detailed information on upcoming projects, refer to the Scott County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, accessing the right tools is crucial. Explore the Scott County Building Department for permitting processes, and use the GIS Parcel Viewer for detailed property information. The Scott County Development Code provides essential guidelines for planning and development.

Market Data & Economic Reports

Public data sets, such as those available from census.gov and Scott County's open data portal, offer valuable insights into market trends and economic impacts. Brevitas utilizes AI-powered aggregation of public data and internal insights to provide comprehensive dashboards. Explore Duffield's market data on Brevitas.

Why Use Brevitas for Duffield, Virginia CRE?

Brevitas offers an unparalleled platform for CRE discovery in Duffield, Virginia, featuring AI-driven search capabilities, real-time market alerts, and smart property pages. Our platform facilitates seamless collaboration through dealroom features and integration with brokers and developers. Unique tools such as auto-generated listing pages and exclusive listings ensure premium exposure for your properties. Discover the power of Brevitas in Duffield, Virginia here.

By leveraging Brevitas, commercial real estate professionals can access a wealth of resources and opportunities in Duffield, Virginia, positioning themselves at the forefront of the market.