Utica


Commercial Property for Sale & Lease in Utica NY

UTICA AREA PROFILE

Utica is central to New York State’s Mohawk Valley and Leatherstocking region, which includes neighboring city Rome to the north.  The Erie Canal, the Mohawk River and the New York State Thruway all pass through this “Renaissance City”, which is conveniently nestled just southeast of the Adirondacks in between Albany and Syracuse.  The historic Union Station located in downtown Utica is a regional hub for Amtrak and the Adirondack Scenic Railway.

The Utica-Rome MSA is located at the geographic center of upstate New York and is linked to all the major metropolitan areas by the New York State Thruway.  While manufacturing remains a significant component of the economy, the region has diversified into the educational services, healthcare, distribution and logistics, financial and insurance, aviation and aerospace and information technology sectors.  Educational services plays a principal role in the Mohawk Valley economy.  The Mohawk Valley has more than 22,000 students enrolled in 14 two- and four-year colleges and universities which include Herkimer County Community College, Hamilton College, Mohawk Valley Community College, SUNY College of Technology and Utica College.

Significant Companies

The Mohawk Valley has become a back office operations center for insurance claims, check processing and call centers. Bank of America, Bank of New York Mellon, Metropolitan Life, The Hartford, Defense, Finance & Accounting Services and ACS all operate back office centers in the Mohawk Valley and the Utica National Insurance company is headquartered there.

Centered round the Air Force Research laboratory Information Directorate in Rome with its $285 million annual economic impact, the Mohawk Valley has developed a significant information technology sector.  International firms such as PAR Technology , BAE Systems and ITT Industries operate offices in the region. Home grown information technology companies include Black River Systems and Assured Information Security.  Century old FX Matt Brewing Company also originated here producing the award winning Saranac Beers.

The service sector is the leading employer in the Mohawk Valley area, with government, trade, healthcare and manufacturing also providing significant employment.  In the hospitality and gaming industry, the Oneida Indian Nation, which owns and operates Turning Stone Casino, employs 4,500.

In Oneida County in the Town of Marcy, the potential development of a new $1.5 billion computer chip center at SUNYIT has sparked hopes of additional public and private investment in the area.

Given the Mohawk Valley’s central location and established transportation network, the region is a cost effective distribution center.  The region is within a one day drive from nearly half the population, personal income, business and sales in the United States and Canada.  Retailers Wal-Mart and Family Dollar operate major distribution centers in the Mohawk Valley.

Utica is home to many festivals, including Riggie Fest every April named after the local staple – Chicken Rigatoni or Chicken riggies as the locals refer to them. Utica is also the site of the largest 15K road race in the United States, the annual Boilermaker Road Race and Utica Monday Nite, a summer long celebration of visual and performing arts.

The Utica  area is within 500 miles of the country’s 17 out of the top 50 U.S markets and offers small-city charm, industry, recreational opportunities and a diverse community.

Cities and Counties

The Mohawk Valley area includes Oneida, Herkimer, Madison, Montgomery and Fulton counties, which includes the Utica-Rome area and smaller centers like Herkimer, Ilion, Little Falls, Gloversville, Johnstown, Amsterdam and Cobleskill. Major Cities include:

Utica – The “Handshake City,” the “Renaissance City,” the “Second Chance City”
Rome – “Center of it all”
Oneida

Commercial Real Estate Services Offered

 


Contact

Pyramid Brokerage Company
587 Main Street
Suite 105
New York Mills, NY 13417
Phone: (315) 736-0856
Fax: (315) 736-0872
utica@pyramidbrokerage.com

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