Ormond Beach, Florida Commercial Real Estate 0 Listings

Ormond Beach, Florida: A Premier Destination for Commercial Real Estate

Introduction

Ormond Beach, Florida is an increasingly attractive destination for commercial real estate (CRE) investors and professionals. Nestled along Florida’s Atlantic coast, this city is renowned for its strategic location, robust economy, and diverse industry clusters. With a population of approximately 44,000 as of the latest census data, Ormond Beach is part of the Deltona-Daytona Beach-Ormond Beach Metropolitan Statistical Area. The city's economy is bolstered by industries such as tourism, manufacturing, and healthcare, making it a unique and valuable player in the CRE market.

Economic and Industry Overview

Ormond Beach benefits from a diversified economy, with significant contributions from sectors such as:

Tourism and Hospitality: Thanks to its scenic beaches and historical landmarks, the tourism industry is a key driver of demand for retail and hospitality properties.
Manufacturing: The presence of manufacturing firms supports the demand for industrial and flex spaces.
Healthcare: The healthcare sector, led by institutions like AdventHealth, creates a robust market for medical office spaces.

The city is supported by regional economic development initiatives such as the Volusia County Economic Development agency, which fosters business growth and expansion.

Strategic Location and Transportation Infrastructure

Ormond Beach boasts excellent transportation infrastructure, including:

Highways: Easy access to I-95 and I-4 facilitates regional connectivity.
Airports: Proximity to Daytona Beach International Airport and Orlando International Airport enhances logistical capabilities.
Rail Lines: The presence of freight rail services supports industrial and distribution operations.

These logistical advantages make Ormond Beach an ideal hub for distribution and access to labor pools. More information can be found through the Florida Department of Transportation.

Commercial Real Estate Inventory & Zoning

Ormond Beach offers a diverse array of CRE submarkets:

Central Business District (CBD): Known for its vibrant mix of office and retail spaces.
Industrial Corridors: Primarily located along U.S. Highway 1, supporting manufacturing and logistics.
Innovation Districts: Emerging areas focused on tech and research developments.

The city actively encourages development through zoning incentives and overlays. For detailed zoning maps and parcel viewers, visit the City of Ormond Beach Zoning Map.

Major Employers and Institutions

Key employers contributing to CRE demand include:

AdventHealth: A major healthcare provider with significant local facilities.
Florida Health Care Plans: A leading healthcare insurance provider.
Teledyne Oil & Gas: A prominent manufacturing firm with local operations.

These institutions drive the need for various types of commercial properties. For more information, refer to the Ormond Beach Economic Development Department.

Notable Commercial Developments & Projects

Ormond Beach is home to several notable development projects:

Ormond Crossings: A mixed-use development featuring industrial, commercial, and residential components.
Opportunity Zones: Designated areas offering tax incentives for investors.

These projects often involve public-private partnerships to enhance community growth. Visit the Ormond Beach Planning Department for more details.

Building Permits, Planning, and Development Tools

Explore the following resources for development information:

These tools are essential for navigating building permits and planning processes.

Market Data & Economic Reports

Access public data sets and reports for Ormond Beach:

U.S. Census Bureau
City of Ormond Beach Data Portal
Economic impact reports from local agencies

Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market analysis. Explore Brevitas-powered dashboards for Ormond Beach here.