Lakewood, New Jersey Commercial Real Estate 0 Listings

Lakewood, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Lakewood, New Jersey, stands as a compelling hub for commercial real estate (CRE) investment. As one of the fastest-growing cities in the state, Lakewood offers diverse economic opportunities, driven by its robust industrial base and strategic location. The city is known for its dynamic economy, which includes key sectors such as healthcare, education, and manufacturing. Lakewood's unique positioning within the New York metropolitan area enhances its appeal, making it a prime location for CRE professionals seeking growth and innovation.

Economic and Industry Overview

Lakewood's economy is anchored by several major industries that drive demand for various types of commercial properties. Key sectors include:

Healthcare: With numerous hospitals and medical centers, the demand for medical office space is significant.
Education: Home to institutions like Beth Medrash Govoha, the largest yeshiva outside Israel, there is a continuous need for educational facilities and student housing.
Manufacturing and Logistics: The presence of industrial parks supports a thriving manufacturing sector.

The Lakewood Industrial Commission plays a vital role in fostering economic growth through strategic development initiatives and incentives for businesses.

Strategic Location and Transportation Infrastructure

Lakewood benefits from its strategic location, well-connected by major transportation networks:

Highways: Access to major highways such as the Garden State Parkway and I-195 facilitates efficient transportation and logistics.
Airports: Proximity to Newark Liberty International Airport and Philadelphia International Airport enhances connectivity.
Rail: The New Jersey Transit system provides accessible commuter rail services.

These transportation advantages position Lakewood as a logistical hub, ideal for distribution and access to the broader Northeast labor markets. For more information, visit the New Jersey Department of Transportation.

Commercial Real Estate Inventory & Zoning

Lakewood's CRE landscape is characterized by several submarkets:

Central Business District (CBD): A vibrant mix of retail and office spaces.
Industrial Corridors: High demand for warehouses and manufacturing facilities.
Innovation Districts: Emerging areas focused on technology and startups.

The city offers flexible zoning regulations and incentives for developers, which can be explored through the Lakewood Township Zoning Map.

Major Employers and Institutions

Lakewood hosts a variety of large employers and institutions that significantly impact CRE demand:

Corporate Headquarters: Companies such as SCHI and Gourmet Glatt.
Educational Institutions: Beth Medrash Govoha.
Healthcare Providers: Monmouth Medical Center Southern Campus.

These organizations are pivotal in driving demand for office spaces and commercial properties. Additional information can be found on the Lakewood Economic Development site.

Notable Commercial Developments & Projects

Lakewood is home to several large-scale development projects, including:

Mixed-Use Developments: Integrating retail, residential, and office spaces.
Opportunity Zones: Designed to spur economic growth through tax incentives.
Public-Private Partnerships: Initiatives that support infrastructure and community development.

Details on ongoing projects and planning can be accessed via the Lakewood Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Lakewood offers a range of resources:

These tools streamline the development process, ensuring efficient project execution.

Market Data & Economic Reports

Lakewood's market data is enriched by publicly available datasets:

Census Data
Lakewood Open Data Portal
Economic impact reports highlighting regional growth trends.

Brevitas leverages AI-powered aggregation of public data and internal insights, offering a comprehensive view of Lakewood's CRE market. Explore Brevitas-powered dashboards for detailed market analysis.