Staunton, Virginia Commercial Real Estate 0 Listings

Staunton, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Staunton, Virginia, offers a unique blend of rich history and modern economic opportunities, making it an attractive locale for commercial real estate (CRE) investment. With a population of approximately 25,000, Staunton is a thriving city in the Shenandoah Valley, known for its diverse economy and strategic location. The city's commercial real estate market is bolstered by its strong industrial, healthcare, and educational sectors, positioning it as a key player in the regional CRE landscape.

Economic and Industry Overview

Staunton’s economy is driven by a mix of industries, notably healthcare, education, and manufacturing. Augusta Health and Mary Baldwin University are significant contributors to the demand for office and medical space. The manufacturing sector, with companies such as Ball Advanced Aluminum Technologies, stimulates the need for industrial properties. Staunton’s commitment to economic development is supported by the Shenandoah Valley Partnership, which promotes regional growth and attracts new businesses.

Strategic Location and Transportation Infrastructure

Staunton's strategic location enhances its appeal for commercial real estate. It is intersected by major highways, including Interstate 81 and Interstate 64, providing excellent connectivity to major markets such as Washington D.C. and Richmond. The city is served by the Shenandoah Valley Regional Airport, offering convenient air travel options. The presence of Virginia Regional Transit enhances public transportation, making it easier for businesses to access a skilled labor pool.

Commercial Real Estate Inventory & Zoning

Staunton’s CRE landscape is divided into several submarkets, including the Central Business District (CBD) and industrial corridors. Key asset classes include industrial, office, retail, and medical properties. The city’s zoning regulations are designed to encourage development, with specific overlays and incentives available for developers. For further details, view the City of Staunton’s Zoning Map.

Major Employers and Institutions

Staunton hosts several major employers, including Augusta Health, Mary Baldwin University, and Staunton City Schools, which contribute significantly to CRE demand. The city’s economic development is supported by institutions like the Staunton Economic Development Office, which fosters a business-friendly environment.

Notable Commercial Developments & Projects

Staunton is witnessing several large-scale development projects, such as the redevelopment of the Staunton Crossing site, a mixed-use development combining retail, office, and residential spaces. Additionally, the city benefits from Opportunity Zones, attracting investment through tax incentives. Visit the Staunton Planning Department for more information on ongoing projects.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Staunton’s CRE market is supported by robust data from public sources like census.gov and the city's open data portal. Brevitas uses AI-powered aggregation from these and other public data sources to provide insightful market analysis. Explore Brevitas-powered dashboards for Staunton here.

Why Use Brevitas for Staunton, Virginia CRE?

Brevitas offers an AI-driven platform for CRE discovery in Staunton, featuring real-time market alerts, smart property pages, and dealroom collaboration. Unique features include: