This article will help anyone looking for information pertaining to a commercial real estate and commercial lending in the State of
Vermont is one of the small New England states that is known for its beautiful
scenery and its fantastic skiing. These two things alone explain why tourism
is the number one industry in this state, but tourism is not the only successful
industry using commercial real estate in Vermont.
The state of Vermont has a population of 623,908 spread out across over 9250
square miles. There are about 67 people living within each of those square miles.
The population of Vermont has been rising slowly over the past two decades.
Between 1990 and 2000 the population rose 8.2%, and since 2000 that rate has
risen 2.3%. The per capita income of the residents of Vermont is $32,700.
Commercial real estate that is used for ski or vacation resorts
or for businesses that support tourism such as hotels, restaurants, retail and
entertainment is available. Because Vermont has both active summer and winter
tourism, businesses that cater to the tourists are able to stay open year round.
Tourism accounts for 27% of Vermont's gross state product, the highest in the
Stowe is one of the top tourist attractions in the state. The resort has amazing
foliage in the fall and great skiing in the winter. The combination brings in
the tourists and commercial real estate in this area is at a premium with prices
some of the highest in the state. The value of the commercial real estate in
Stowe and other resorts in Vermont is on the rise.
Vermont's largest city is Burlington which is located below the state's
northwest corner along the shores of Lake Champlain. It is home to several small
industrial and service companies and the national headquarters of Ben and Jerry's
ice cream. Commercial real estate is available in the city and its surrounding
metropolitan area for further industrial and service companies.
Other successful industries occupying the commercial real estate in Vermont
are durable goods, health care, retail, financial, professional services, technical
services and insurance. Commercial real estate in the form of office buildings
and warehouses are available for these ventures.
The main agricultural output of Vermont is dairy. Farming
takes up 21% of the state's lands. The state is actively discouraging the sale
of farmland to be turned into housing developments. Preservation is a high priority.
A small, but growing alternative to the traditional farming in Vermont is grape
growing for wine. In the past decade a half dozen wineries have opened up on
former traditional farming properties, and the wine community in the state is