Hampton, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Hampton, Virginia, strategically located in the heart of the Hampton Roads metropolitan area, is a thriving hub for commercial real estate. With a population of approximately 135,000, its economy is driven by a diverse mix of industries, including aerospace, defense, and shipbuilding, making it a prime location for various commercial property types. Hampton's unique positioning as a coastal city with robust transportation infrastructure enhances its appeal to commercial real estate investors and developers.

Economic and Industry Overview

Hampton’s economy is heavily influenced by major industries such as:

• Aerospace and Defense: Home to NASA's Langley Research Center and Langley Air Force Base, Hampton is a key player in aerospace innovation and defense.
• Shipbuilding and Maritime: Proximity to the Newport News Shipbuilding facility fuels demand for industrial and office properties.
• Healthcare and Education: Anchored by institutions like Hampton University and Sentara Healthcare, the city supports a robust office and medical space market.

Regional economic development initiatives, such as the Hampton Roads Economic Development Alliance, actively promote the area's commercial potential.

Strategic Location and Transportation Infrastructure

Hampton boasts an extensive transportation network:

• Highways: Access to major highways like I-64 facilitates efficient movement of goods and workforce.
• Ports: The nearby Port of Virginia, one of the largest in the U.S., provides significant logistical advantages.
• Airports: Norfolk International Airport and Newport News/Williamsburg International Airport offer convenient air travel options.
• Rail: CSX and Norfolk Southern provide robust rail services, enhancing distribution capabilities.

For more details, visit the Virginia Department of Transportation and Port of Virginia.

Commercial Real Estate Inventory & Zoning

Hampton features diverse CRE submarkets:

• Central Business District (CBD): Offers a mix of office and retail spaces.
• Industrial Corridors: Areas like Copeland Industrial Park cater to industrial and flex space needs.
• Innovation Districts: Foster tech and research-driven developments.

Recent zoning changes and incentives, such as Opportunity Zones, are accessible through the City of Hampton Zoning Maps.

Major Employers and Institutions

Hampton hosts several major employers and institutions:

• NASA Langley Research Center
• Langley Air Force Base
• Huntington Ingalls Industries
• Hampton University

These entities drive significant demand for commercial real estate. Visit the Hampton Economic Development Department for more information.

Notable Commercial Developments & Projects

Key developments include:

• Peninsula Town Center: A major mixed-use project offering retail, office, and residential spaces.
• Fort Monroe Redevelopment: Transforming historic military properties into vibrant commercial hubs.
• Opportunity Zones: Incentivizing development in strategically identified areas.

Explore detailed maps and plans through the Hampton Planning Department.

Building Permits, Planning, and Development Tools

Access essential development resources:

• Hampton Building and Safety Department
• Online Permitting Portal
• Parcel Map Viewer / GIS
• Development Code

Market Data & Economic Reports

Utilize public data sets for informed decision-making:

• U.S. Census Bureau
• Hampton Open Data Portal

Brevitas leverages AI-powered aggregation to provide comprehensive market insights. Explore our Brevitas city search for Hampton-specific data.

Why Use Brevitas for Hampton, Virginia CRE?

Brevitas revolutionizes CRE discovery in Hampton with:

• AI-Driven Insights: Real-time market alerts and smart property pages.
• Collaboration Tools: Dealroom collaboration and integration with brokers.
• Exclusive Listings: Premium exposure and auto-generated listing pages.

For Hampton, Virginia commercial real estate, Brevitas is your go-to marketplace. Explore our tools and listings to stay ahead in this dynamic market.