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8C — September 30 - October 13, 2016 — Fall Preview — M id A tlantic
Real Estate Journal
V irginia R eal E state
veryone is aware that the Shenandoah Valley of Virginia is a great place By Keith May, Cottonwood Commercial and Priority Property Management The Shenandoah Valley – A great place to live (and do business) E enjoy quality of life that takes advantage of the many outdoor, cultural and educational activi- in the nation. Centrally located along interstates 81 and 64 so that two-thirds of the nation’s
valley after careful research, citing the unique combination of the location, the availability of interstate, rail, air and port services, the low cost of doing business, the local and state business incentives, and the diverse and mobile workforce. These companies confirm that the Shenandoah Valley has proven to be a very safe place for commercial investment with a very low business fail- ure rate. The local workforce has a much higher than average pro- ductivity and is a major reason that many industries are either expanding or relocating to the
area. The Shenandoah Valley features 11 colleges and uni- versities, providing businesses with 24,000 skilled graduates annually. These creative learn- ing institutions boast high academic standards and the application of classroom learn- ing to real world situations, providing well-educated and talented workers. The high number of colleges and universities help create a stable local economy. The universities are among the largest employers, and they also contribute innovation and new technology. Recently these schools have produced ground- breaking start-ups, including already successful companies that offer drone accessory equipment, early cancer de- tection, cyber integration, and online Internet market- ing services. Entrepreneur- ship is encouraged through local programs, including the Shenandoah Valley Part- nership, Shenandoah Valley Small Business Development Center, and local enterprise, technology and hub zones. Tourism drives much of the retail demand in the area. Visitors to Shenandoah Na- tional Park, Luray Caverns, the Blue Ridge Parkway, the Apple Blossom Festival, the Frontier Culture Museum, the music, food and cultural festivals, the national forests, and the many Civil War battle sites have boosted tourism growth to new levels, expedit- ing new tourist information centers being constructed in Winchester, Waynesboro, Har- risonburg and Roanoke. For 2017 commercial and investment real estate in the Shenandoah Valley, the outlook is highly promising. With lo- cal business activity reaching record levels, all factors indi- cate continued and significant commercial real estate devel- opment. Virtually every real estate sector has experienced growth and vacancy absorption. To learnmore about Shenan- doah Valley commercial prop- erty opportunities, call Keith May (540) 437-3560 at Cotton- wood Commercial, the valley’s largest and most comprehen- sive commercial real estate resource. Keith May owns Cot- tonwood Commercial and Priority Property Man- agement, the Shenandoah Valley’s largest and most comprehensive commer- cial real estate resource. n
to live. Bor- dering Win- chester to the north, cov- er ing Har - r i s onbu r g , S t a u n t o n and Waynes- boro in the center, and
“With local business activity reaching record levels, all factors indicate continued and significant commercial real estate development. Virtually every real estate sector has experienced growth and vacancy absorption.”
ties that are offered in the area. As popular as the area is for lifestyle, the Shenandoah Valley has also quietly become one of the business powerhouse regions of the state. The region now hosts some of the largest and most profitable businesses
population can be reached in a single trucking day, Walmart, FedEx, UPS, Target, Best Buy and Marshalls have all se- lected the central Shenandoah Valley for their regional dis- tribution centers. These busi- nesses opted to locate in the
Keith May
adjacent to Roanoke to the south, the valley has long had a reputation as one of the safest, healthiest, and least expensive places to live in the country. Residents and visitors alike
The Shenandoah Valley’s Largest and Most Comprehensive Commercial Real Estate Resource
Keith.May@cottonwood.com
(540) 434-9922
1958 Evelyn Byrd Avenue, Harrisonburg, Virginia 22801
www.cottonwood.com
Keith May, Broker
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