Exmore, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Exmore, Virginia, stands as a burgeoning hub for commercial real estate (CRE) activities on Virginia's Eastern Shore. Known for its strategic location and vibrant community, Exmore presents unique opportunities for investors and developers. With a modest population and a diverse economy, the city is poised for growth, driven by sectors such as retail, logistics, and agriculture. Exmore's commitment to economic development and its favorable business environment make it an attractive destination for CRE ventures.

Economic and Industry Overview

Exmore's economy is bolstered by key industries such as logistics, retail, and agriculture. The city's strategic position on the Eastern Shore facilitates a thriving logistics sector, driving demand for industrial and flex spaces. Retail businesses flourish, serving both the local community and tourists exploring the region. The agricultural industry remains a cornerstone, with potential for agribusiness development. The Eastern Shore of Virginia Economic Development agency actively promotes regional growth, supporting initiatives that enhance the CRE landscape.

Strategic Location and Transportation Infrastructure

Exmore benefits from its strategic location, with access to major transportation networks. U.S. Route 13 runs through the city, connecting it to major markets in Norfolk and the broader Mid-Atlantic region. Proximity to the Port of Virginia enhances logistical advantages for distribution and trade. The city is within reach of Norfolk International Airport, providing convenient air travel options. Exmore's connectivity is further enhanced by nearby rail lines, facilitating efficient freight movement.

For more information, explore the Virginia Department of Transportation and the Port of Virginia.

Commercial Real Estate Inventory & Zoning

Exmore's CRE landscape includes diverse submarkets, catering to various asset classes. The central business district (CBD) offers retail and office spaces, while industrial corridors cater to logistics and warehousing needs. The city's zoning regulations encourage development, with incentives for mixed-use projects and innovation districts. Developers can access zoning maps and parcel viewers through the Town of Exmore's official website.

Major Employers and Institutions

Exmore hosts several key employers that drive CRE demand. Local businesses and retail chains form the backbone of the economy. Additionally, the presence of institutions like Eastern Shore Community College supports workforce development. The town's proximity to major employers in surrounding areas further enhances its appeal for CRE investment. Explore the Eastern Shore Chamber of Commerce for more insights into local businesses.

Notable Commercial Developments & Projects

Exmore is witnessing exciting commercial developments, including mixed-use projects and public-private partnerships. The town's inclusion in Opportunity Zones presents tax incentives for developers. These developments aim to revitalize the area, attracting new businesses and residents. For detailed project plans, visit the Exmore Planning Department.

Building Permits, Planning, and Development Tools

Exmore facilitates development through accessible building permits and planning resources. Developers can utilize the following tools: - Building and Safety Department - Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Public data sets provide valuable insights into Exmore's CRE market. Resources such as census.gov and the city's open data portal offer economic impact reports and demographic information. Brevitas leverages AI-powered aggregation to deliver comprehensive market analytics. Explore Brevitas-powered dashboards for Exmore, Virginia here.

Why Use Brevitas for Exmore, Virginia CRE?

Brevitas enhances the CRE experience in Exmore, Virginia, through AI-driven discovery, real-time market alerts, and smart property pages. Our platform offers: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure

Choose Brevitas as your go-to marketplace for Exmore's commercial real estate opportunities.