Floyd, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Floyd, Virginia, is emerging as a significant player in the commercial real estate (CRE) market. Known for its scenic landscapes and vibrant local economy, Floyd offers a unique blend of rural charm and commercial potential. The town's economy is primarily driven by agriculture, small-scale manufacturing, and tourism, making it an attractive destination for various commercial property types, including retail, industrial, and mixed-use developments.

Economic and Industry Overview

Floyd's economy is supported by several key industries:

• Agriculture and Agri-business: The region's fertile land supports various farming enterprises, driving demand for industrial and warehouse spaces.
• Tourism and Hospitality: Floyd's cultural festivals and natural beauty attract visitors year-round, creating opportunities in the retail and hospitality sectors.
• Crafts and Artisanal Goods: A renowned hub for artisans, Floyd fosters a thriving local crafts industry, stimulating demand for creative and flexible workspaces.

The Floyd County Economic Development Authority actively promotes business growth through various initiatives designed to bolster these sectors.

Strategic Location and Transportation Infrastructure

Floyd's strategic location offers several logistical advantages:

• Highways: Proximity to the Blue Ridge Parkway and Route 221 facilitates easy access to neighboring markets.
• Airports: The Roanoke-Blacksburg Regional Airport is approximately an hour away, offering connectivity to major cities.
• Rail Access: While Floyd does not have direct rail access, nearby regions provide rail connections that support distribution and logistics.

The Virginia Department of Transportation provides detailed information on state infrastructure.

Commercial Real Estate Inventory & Zoning

Floyd's CRE market features diverse submarkets:

• Central Business District (CBD): A focal point for retail and office spaces, enriched by the town's cultural and historic attractions.
• Industrial Corridors: Areas designated for light manufacturing and warehousing, supported by favorable zoning policies.
• Innovation Districts: Emerging zones aimed at fostering tech startups and artisanal enterprises.

The town's zoning maps and parcel viewers are accessible through the Floyd County GIS.

Major Employers and Institutions

Key employers and institutions in Floyd include:

• Floyd EcoVillage: A hub for sustainable living and education, driving demand for event spaces and hospitality services.
• Floyd County Public Schools: Significant local employer with needs for educational facilities.
• Winter Sun Construction: A leader in sustainable building practices, contributing to the demand for industrial and office properties.

For more information, visit the Floyd County Economic Development Authority.

Notable Commercial Developments & Projects

Several large-scale developments are shaping Floyd's CRE landscape:

• Floyd Innovation Park: A planned development aimed at attracting tech and creative industries through mixed-use spaces.
• Opportunity Zones: Designated areas offering tax incentives for investment, promoting new projects and revitalization efforts.

Updates and site maps can be found on the Floyd County Planning Department.

Building Permits, Planning, and Development Tools

Developers can access essential resources through:

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

Market Data & Economic Reports

Public data sets and economic reports are available through:

• Census.gov
• Floyd's Open Data Portal
• Economic Impact Reports

Brevitas leverages AI-powered aggregation from public data and internal insights, offering Brevitas-powered dashboards for a deeper dive into Floyd's CRE market.

Why Use Brevitas for Floyd, Virginia CRE?

Brevitas offers a comprehensive suite of tools tailored for CRE professionals:

• AI-driven CRE Discovery: Advanced search capabilities for finding the perfect property.
• Real-time Market Alerts: Stay ahead with the latest market updates and listings.
• Smart Property Pages: Detailed property insights and analytics.
• Dealroom Collaboration: Seamless interaction with brokers and developers.

Unique features include auto-generated listing pages, email and landing page tools, and exclusive listings for premium exposure. Discover the advantages of using Brevitas for your Floyd, Virginia commercial real estate needs.