Oakland, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Oakland, Maryland, nestled in the heart of Garrett County, provides a unique and promising landscape for commercial real estate opportunities. With a population of approximately 2,000 residents, this small yet dynamic town serves as a hub for economic activities in Western Maryland. The local economy is primarily driven by industries such as healthcare, manufacturing, and tourism, making it an attractive destination for various commercial property types, including office, industrial, and retail spaces.

Economic and Industry Overview

Oakland's economy is bolstered by a diverse range of industries that contribute significantly to commercial real estate demand. Key sectors include:

• Healthcare: As a vital industry in Oakland, healthcare facilities and medical offices are in constant demand.
• Manufacturing: The presence of manufacturing firms drives the need for industrial and flex spaces.
• Tourism: Proximity to Deep Creek Lake and numerous outdoor recreational activities supports a thriving retail market.

For more information on regional economic development initiatives, visit the Garrett County Economic Development site.

Strategic Location and Transportation Infrastructure

Oakland benefits from an excellent transportation network that enhances its commercial real estate potential:

• Highways: U.S. Route 219 and Maryland Route 135 provide vital connections to regional markets.
• Rail: The town is served by the CSX Transportation rail line, facilitating industrial and logistic operations.

These transportation links offer logistical advantages, including efficient distribution channels and access to a skilled labor force. For more details, visit the Maryland Department of Transportation website.

Commercial Real Estate Inventory & Zoning

Oakland features diverse commercial real estate submarkets:

• Central Business District (CBD): Primarily hosts office spaces and retail outlets.
• Industrial Corridors: Located on the outskirts, catering to manufacturing and distribution needs.
• Innovation Districts: Emerging areas focused on tech and research sectors.

The town offers several development incentives and updated zoning regulations, accessible via the Oakland Zoning Maps.

Major Employers and Institutions

Key employers and institutions driving commercial real estate demand in Oakland include:

• Garrett Regional Medical Center
• First United Bank & Trust
• Garrett College

These entities are pivotal in sustaining the town’s economic growth, contributing to a steady demand for office and mixed-use developments. Visit the Garrett County Business Directory for more information.

Notable Commercial Developments & Projects

Oakland is witnessing substantial commercial development projects, such as:

• Mixed-Use Developments: Integrating office, retail, and residential spaces to create vibrant community hubs.
• Public-Private Partnerships: Initiatives that enhance infrastructure and promote sustainable growth.

Explore ongoing projects at the Garrett County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are essential:

• Oakland Building and Safety Department
• Permitting Portals
• GIS and Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Access comprehensive public datasets, including census and economic impact reports, to understand market trends. Brevitas utilizes AI-powered data aggregation from public sources and internal insights. Explore Brevitas’s dashboards for Oakland, Maryland here.

Why Use Brevitas for Oakland, Maryland CRE?

Brevitas offers an unparalleled platform for exploring commercial real estate in Oakland, Maryland:

• AI-driven CRE Discovery: Streamlines property searches and market analysis.
• Real-Time Market Alerts: Stay updated with the latest listings and market trends.
• Smart Property Pages: Automated listing pages enhance property visibility.
• Dealroom Collaboration: Facilitates efficient transaction management and communication.

Leverage Brevitas’s exclusive listings, email and landing page tools, and integration capabilities to maximize your commercial real estate endeavors in Oakland, Maryland.