As a real estate firm, we are constantly on the lookout for new and emerging investment opportunities. One area that has recently caught our attention is Norcross, GA. Located in Gwinnett County, Norcross is a small town with a population of just over 16,000 people. However, there are several factors that make this town a great investment opportunity in the commercial and industrial real estate market.
Growing Population
The population of Norcross has been steadily growing over the past few years, with an increase of 8.6% since 2010. This growth is expected to continue in the coming years, with projections indicating that the population will reach 17,000 by 2025. This increase in population means that there will be an increased demand for commercial and industrial real estate, making it an ideal location for real estate investment.
Strategic Location
Norcross's location makes it an attractive option for commercial and industrial real estate investment. The town is located just 20 miles northeast of Atlanta, which is one of the fastest-growing metropolitan areas in the country. Additionally, Norcross is located along Interstate 85, which provides easy access to other major cities in the region. The town is also within close proximity to major airports, making it an ideal location for businesses that require frequent travel.
Diverse Business Community
Norcross has a diverse business community, with a variety of industries represented in the town. The largest employers in the area include The Home Depot, WestRock, and RockTenn. In addition, there are several small businesses in the area, including restaurants, retail stores, and service providers. This diverse business community makes Norcross an ideal location for businesses looking to establish themselves in a growing and vibrant community.
Real Estate Market
The real estate market in Norcross is currently stable, with a median home value of $205,200. However, there is still room for growth in the commercial and industrial real estate market. The town has several properties that are currently available for purchase or lease, including office spaces, retail locations, and industrial facilities. Additionally, there are several new developments in the works, including a mixed-use development that will feature residential, retail, and office space.
Investment Opportunities
Norcross offers several investment opportunities in the commercial and industrial real estate market. The town has several tax incentives and development grants available for businesses that are looking to invest in the area. Additionally, the town's government is committed to attracting new businesses to the area, which can lead to increased profitability for investors.
Norcross, GA, is a great investment opportunity in the commercial and industrial real estate market. The town's growing population, strategic location, diverse business community, and stable real estate market make it an ideal location for businesses and investors alike. Additionally, the availability of tax incentives and development grants provides ample opportunities for investment. As a real estate firm, we strongly recommend considering Norcross for your next investment opportunity.