Kennewick, Washington: A Premier Destination for Commercial Real Estate

Introduction

Kennewick, Washington, part of the Tri-Cities area, is a vibrant hub for commercial real estate (CRE) investment. With a population nearing 90,000, Kennewick's strategic location, robust economy, and diverse industry clusters make it an attractive destination for CRE professionals. Known for its strong agricultural, healthcare, and technology sectors, Kennewick offers unique opportunities for office, industrial, and retail property investments.

Economic and Industry Overview

Kennewick's economy is driven by a diverse mix of industries, including agriculture, healthcare, and technology. The city's proximity to the Hanford Site has spurred growth in environmental remediation and technology, increasing demand for office and industrial properties. The agricultural industry supports robust food processing and distribution sectors, creating opportunities for industrial real estate.

The Tri-City Development Council (TRIDEC) plays a vital role in regional economic development, working to attract new businesses and support existing ones. Their initiatives are crucial in driving the demand for commercial properties across various asset classes.

Strategic Location and Transportation Infrastructure

Kennewick benefits from excellent transportation infrastructure, enhancing its appeal as a commercial hub. Major highways such as I-82 and US-395 provide easy access to regional and national markets. The Port of Kennewick offers logistical advantages for distribution and trade.

The city is served by the Tri-Cities Airport (PSC), which connects Kennewick to major U.S. cities, facilitating business travel and commerce. Additionally, the region's rail lines provide critical freight services, supporting the industrial sector's growth.

Commercial Real Estate Inventory & Zoning

Kennewick's commercial real estate market is diverse, with several key submarkets. The Central Business District (CBD) serves as a focal point for office and retail spaces, while industrial corridors along major highways cater to manufacturing and distribution.

The city's zoning regulations support CRE development, with incentives available for developers. Notable zoning changes and overlays can be explored through the City of Kennewick's zoning maps.

Major Employers and Institutions

Kennewick boasts a range of major employers, including healthcare providers, educational institutions, and technology companies. Key employers include Kadlec Regional Medical Center, Lamb Weston, and Benton County. These entities drive demand for various property types, particularly office and medical spaces.

The Washington State University Tri-Cities campus is a significant educational institution, contributing to the local economy and CRE demand.

Notable Commercial Developments & Projects

Kennewick is home to several large-scale commercial developments and projects. The Southridge area continues to see mixed-use developments that blend retail, residential, and office spaces. The city also benefits from Opportunity Zones, incentivizing investment in underserved areas.

Public-private partnerships are integral to Kennewick's growth, with initiatives like the Columbia Gardens Wine & Artisan Village, a collaborative effort to boost the local economy. Detailed planning and site maps can be accessed through the City of Kennewick's Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Kennewick offers several resources to facilitate CRE projects:

• City's Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Kennewick's market data is accessible through various public sources, offering insights into the city's economic landscape. Data sets from census.gov and the City of Kennewick's open data portal are invaluable for CRE analysis.

Brevitas utilizes AI-powered aggregation from public data and internal insights to provide comprehensive market intelligence. Explore Brevitas-powered dashboards for Kennewick here.

Why Use Brevitas for Kennewick, Washington CRE?

Brevitas offers unparalleled tools for optimizing your CRE investments in Kennewick. With AI-driven CRE discovery, real-time market alerts, and smart property pages, Brevitas ensures you stay ahead in this dynamic market. Our platform features:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Experience the future of commercial real estate with Brevitas in Kennewick, Washington.