Ashland, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Ashland, Kentucky, presents a compelling case for commercial real estate (CRE) investment. Nestled along the banks of the Ohio River, Ashland serves as a vital economic hub within the tri-state area of Kentucky, Ohio, and West Virginia. With a diverse economy rooted in healthcare, manufacturing, and retail, the city offers unique opportunities for office, industrial, and retail property investments. Ashland’s strategic location and robust transportation infrastructure further enhance its CRE appeal, making it an attractive location for businesses seeking access to regional and national markets.

Economic and Industry Overview

Ashland's economy is driven by a diverse range of industries, including healthcare, manufacturing, and retail. The healthcare sector, anchored by King's Daughters Medical Center, is a significant driver of demand for medical office spaces. Manufacturing remains vital, with key players like AK Steel contributing to the industrial property market. Retail thrives in Ashland due to its position as a shopping destination for surrounding rural areas.

The Ashland Alliance plays a crucial role in economic development, supporting business growth and attracting new industries to the region.

Strategic Location and Transportation Infrastructure

Ashland benefits from a strategic location with excellent transportation infrastructure:

• Highways: The city is served by major highways such as U.S. Route 23 and Interstate 64, facilitating efficient transportation of goods.
• Rail: CSX Transportation provides rail service, enhancing logistics capabilities.
• Airports: The nearby Tri-State Airport and Huntington Airport offer regional and national connectivity.

These logistical advantages make Ashland an ideal location for distribution centers and businesses relying on efficient supply chain operations. For more details, visit the Kentucky Transportation Cabinet.

Commercial Real Estate Inventory & Zoning

Ashland’s commercial real estate market is diverse, with key submarkets including:

• Central Business District (CBD): A hub for office spaces and retail establishments.
• Industrial Corridors: Located along major transportation routes, accommodating manufacturers and warehouses.
• Innovation Districts: Emerging areas focusing on tech and healthcare sectors.

The City of Ashland Zoning Ordinance outlines zoning changes and incentives for developers, fostering a conducive environment for real estate development.

Major Employers and Institutions

Ashland's commercial real estate market is bolstered by significant employers, including:

• King's Daughters Medical Center: A leading healthcare provider.
• AK Steel: A major player in the manufacturing sector.
• Ashland Community and Technical College: Contributing to the city's educational landscape.

These institutions drive demand for office and industrial properties. For more information, visit the Ashland Economic Development.

Notable Commercial Developments & Projects

Significant developments in Ashland include:

• Riverfront Mixed-Use Development: A public-private partnership enhancing retail and residential spaces.
• Opportunity Zones: Areas designated for economic revitalization, offering tax incentives for investors.

Visit the Ashland Planning and Development for development maps and project details.

Building Permits, Planning, and Development Tools

Access essential resources for planning and development:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Explore public data sets and economic reports to inform your CRE decisions:

• U.S. Census Bureau
• City of Ashland Open Data Portal

Brevitas leverages AI-powered aggregation from public data and internal insights. Discover more through Brevitas-powered dashboards.

Why Use Brevitas for Ashland, Kentucky CRE?

Brevitas offers cutting-edge, AI-driven tools for CRE professionals:

• Real-time Market Alerts: Stay informed of market changes.
• Smart Property Pages & Dealroom Collaboration: Enhance your listings and deals.
• Integration with Brokers and Developers: Seamless collaboration for exclusive listings.

Utilize Brevitas' unique features like auto-generated listing pages and email tools to gain premium exposure in Ashland's CRE market.