West Virginia Commercial Real Estate

West Virginia is a wonderful state to explore commercial real estate ventures in. With a relatively low cost of living for West Virginia residents, a stable economy, and natural beauty that attracts travelers during all seasons of the year, it is a great place to start a business or purchase commercial real estate.

Popular tourist attractions in West Virginia include the mineral springs, The Beckley Exhibition Coal Mine, and Harpers Ferry National Historical Park. However, people come from all around in order to ski, hike, and whitewater raft amongst the captivating beauty of West Virginia with no particular destination in mind, providing ample opportunities for businesses in West Virginia.

The average price of housing, while slowly and steadily increasing due to increased demand, is still lower than the national average. Workers are often attracted to West Virginia due to a combination of the beauty of the state as well as work opportunities. Because of this, commercial real estate in West Virginia is more important than ever to help out with the demand for more jobs and resources, especially within the areas that have an increasing population such as Berkeley and Monongalia counties.

It used to be that you could count on office buildings to be profitable, but times are changing and commercial property is changing with it. Nowadays, some of the most profitable real estate investments are apartment buildings, retail buildings including both shopping centers and standalone establishments, and self-storage buildings. However, office buildings can still be profitable in some areas, you just have to understand the market and who you’re renting to.

Nothing is guaranteed to be profitable just as nothing is guaranteed to flop. With the right attitude and a savvy business owner, anything is possible.

As of late 2022, the most profitable industry in West Virginia was the healthcare industry, particularly in the case of hospitals and hospital care. However, West Virginia also generates a great amount of revenue from the mining industry as well as the oil and gas industry, including gas stations and convenience stores. Of course, it might not necessarily be easy to become the owner of one of these buildings, but it’s useful to have an idea of what to expect when pursuing commercial property for sale.

Globally, the company Blackstone owns the most commercial real estate. However, this is subject to change due to the changes associated with the commercial real estate market. Ever since the COVID-19 pandemic shook the globe, work-from-home measures started to be implemented in small and large businesses alike. Many have shifted to doing their work remotely permanently, making many office buildings relatively obsolete.

That’s not to say that commercial real estate is not a worthy investment by any means. However, the market trends are not likely to look similar to what they did before the pandemic anytime soon. 

In the United States alone, CBRE Group is the largest commercial real estate company in 2023. In addition, it is also the largest commercial real estate company on a global scale. Their business model involves helping real estate ventures of all sizes to reach their full potential.

In one form or another, the company has been around since 1906.With a long history of success under their belt, they’ll likely continue to dominate the commercial real estate market for years to come.

We believe that the best place to start your search for West Virginia commercial land for sale is Nestfully. With a minimal design that avoids unnecessary clutter, you won’t be bombarded with any unnecessary information, helping you to make your decisions with a clear head. Plus, you can contact any listing’s real estate agent with just the click of a button.

Whether you’re looking for a property to purchase, rent, or just looking around, Nestfully has it all.