Florence, Wisconsin: A Premier Destination for Commercial Real Estate

Introduction

Florence, Wisconsin, presents a compelling landscape for commercial real estate (CRE) professionals, offering unique opportunities in a dynamic market. As a small yet strategically positioned city, Florence leverages its proximity to major industrial hubs and natural resources to attract diverse business interests. The city's economy is bolstered by sectors such as manufacturing, forestry, and tourism, making it an attractive destination for investment in various CRE asset classes.

Economic and Industry Overview

Florence, Wisconsin, is home to a diverse economic base driven by several key industries:

• Manufacturing: The presence of manufacturing units contributes significantly to the demand for industrial properties, including warehouses and distribution centers.
• Forestry and Wood Products: The abundant natural resources support the forestry industry, necessitating specialized industrial spaces.
• Tourism: While not a primary driver of CRE, tourism indirectly influences retail and hospitality sectors.

The Florence County Economic Development Corporation plays a pivotal role in fostering economic growth, supporting initiatives to attract new businesses and retain existing ones.

Strategic Location and Transportation Infrastructure

Florence's strategic location enhances its appeal for commercial real estate:

• Highways: Key highways such as US-2 provide crucial connectivity to larger markets.
• Rail Access: While not directly in Florence, nearby rail lines facilitate efficient logistics and distribution.
• Proximity to Larger Markets: The city's location near the Michigan border offers logistical advantages.

For more information on transportation infrastructure, visit the Wisconsin Department of Transportation.

Commercial Real Estate Inventory & Zoning

Florence's commercial real estate market encompasses several submarkets:

• Industrial Corridors: Ideal for manufacturing and logistics operations.
• Retail Spaces: Small but growing, catering to local and tourist demands.
• Office Spaces: Limited availability, primarily serving local businesses.

Zoning regulations are designed to support diverse commercial activities. Explore the Florence County Zoning Map for detailed information.

Major Employers and Institutions

Florence hosts key employers and institutions that drive CRE demand:

• Florence Hardwoods LLC: A leading manufacturer in the region.
• Florence County School District: An essential local institution.

Access the Florence County Business Directory for a comprehensive list of employers.

Notable Commercial Developments & Projects

Recent developments in Florence highlight the city's commitment to growth:

• Public-Private Partnerships: Initiatives like Opportunity Zones encourage investment in mixed-use and industrial projects.
• Innovation Parks: Potential plans for innovation districts are under consideration to bolster economic development.

For more development projects, visit the Florence County Planning Department.

Building Permits, Planning, and Development Tools

Access essential development tools and resources:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer/GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Florence's market data is crucial for informed investment decisions:

• Public Data Sets: Utilize resources like census.gov for demographic and economic statistics.
• Brevitas Insights: Brevitas leverages AI-powered aggregation from public data and internal insights.

Explore Brevitas-powered dashboards for Florence, Wisconsin, to access up-to-date market information.

Why Use Brevitas for Florence, Wisconsin CRE?

Brevitas offers a suite of tools to enhance your CRE experience in Florence:

• AI-Driven Discovery: Find the best opportunities with advanced search capabilities.
• Real-Time Market Alerts: Stay informed with the latest market trends.
• Smart Property Pages: Get comprehensive property insights at your fingertips.
• Dealroom Collaboration: Collaborate seamlessly with brokers and investors.

Discover unique features like auto-generated listing pages, email tools, and integrations with brokers and developers. Benefit from exclusive listings and premium exposure with Brevitas, the go-to CRE marketplace for Florence, Wisconsin.