Ocean City, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Ocean City, New Jersey, is an attractive location for commercial real estate (CRE) professionals, offering a unique blend of economic potential and strategic advantages. Known for its vibrant tourism industry, Ocean City has a population of approximately 11,000 residents, which swells during the summer months, driving demand for retail and hospitality properties. The city’s economy benefits from a mix of tourism, retail, and service industries, positioning it as an appealing market for CRE investors and developers.

Economic and Industry Overview

Ocean City's economy is heavily influenced by its tourism sector, with an influx of seasonal visitors creating substantial demand for retail and hospitality properties. The service industry, including dining and recreational services, thrives due to this seasonal activity. Although not a hub for industries like biotech or logistics, Ocean City's economic development initiatives aim to diversify the local economy by supporting small businesses and enhancing the retail environment. The Ocean City Regional Chamber of Commerce plays a crucial role in fostering economic growth and supporting local businesses.

Strategic Location and Transportation Infrastructure

Ocean City is strategically located along the Jersey Shore, offering convenient access to several major highways, including the Garden State Parkway. The city's proximity to major metropolitan areas such as Philadelphia and Atlantic City enhances its appeal for CRE professionals looking to tap into these larger markets. While Ocean City does not have its own airport, it is serviced by nearby Atlantic City International Airport and Philadelphia International Airport. For more information on transportation infrastructure, visit the New Jersey Department of Transportation.

Commercial Real Estate Inventory & Zoning

Ocean City's commercial real estate market is characterized by its vibrant retail corridors and hospitality properties. The central business district (CBD) is a hub of activity, particularly during peak tourist seasons. The city's zoning regulations are designed to encourage mixed-use developments and maintain the balance between residential and commercial spaces. For zoning maps and planning resources, visit the Ocean City Planning and Zoning Department.

Major Employers and Institutions

As a tourism-driven economy, Ocean City's major employers are predominantly within the hospitality and service sectors. Key players include local hotels, restaurants, and retail establishments. The Ocean City School District and city government also serve as significant employers. For a comprehensive list of businesses and institutions, check the Ocean City Business Directory.

Notable Commercial Developments & Projects

Recent developments in Ocean City focus on enhancing retail spaces and upgrading hospitality facilities to accommodate increasing tourist numbers. Public-private partnerships have been instrumental in driving these initiatives, with several mixed-use projects underway. The city also offers Opportunity Zones to incentivize investment. For details on current projects, see the Ocean City Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Ocean City provides a range of planning and development resources. Access the Building and Safety Department for permits, the Online Permitting Portal, and the Parcel Map Viewer. The Planning Commission and Development Code are also valuable resources.

Market Data & Economic Reports

Ocean City’s economic landscape can be explored through public data sets available on census.gov and the city’s open data portal. Brevitas leverages AI-powered aggregation of public data and internal insights to provide comprehensive market insights. Explore Brevitas-powered dashboards for Ocean City here.

Why Use Brevitas for Ocean City, New Jersey CRE?

Brevitas offers unparalleled tools for CRE professionals in Ocean City, NJ. Our AI-driven discovery platform provides real-time market alerts, smart property pages, and seamless dealroom collaboration. Key features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Discover the Brevitas advantage for Ocean City commercial real estate here.

This page is designed to serve as a comprehensive resource for CRE professionals interested in Ocean City, New Jersey, and to establish Brevitas as the leading CRE marketplace in this region.