Toms River, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Toms River, New Jersey, offers a dynamic environment for commercial real estate (CRE) professionals, characterized by its strategic location, robust local economy, and diverse industry presence. As the county seat of Ocean County, Toms River boasts a population of approximately 92,000 and serves as a key economic hub in the region. With substantial growth in sectors such as healthcare, retail, and professional services, this city is poised for continued development and investment opportunities in various CRE asset classes.

Economic and Industry Overview

Toms River's economy is anchored by a diverse range of industries, including healthcare, education, retail, and professional services, which drive demand for office, retail, and industrial properties. The presence of Community Medical Center, a major healthcare institution, underscores the city's status as a healthcare hub, contributing to the need for medical office spaces. Additionally, the retail sector thrives with numerous shopping centers and local businesses, bolstering demand for retail spaces. The Ocean County Economic Development Corporation plays a crucial role in fostering economic growth and attracting CRE investments through various regional initiatives.

Strategic Location and Transportation Infrastructure

Toms River's strategic location enhances its logistical advantages, making it an attractive destination for businesses. The city is conveniently accessible via major highways such as the Garden State Parkway and Route 37, facilitating smooth connectivity to New York City, Philadelphia, and other major markets. The proximity to the Port of New York and New Jersey further amplifies its logistical appeal for distribution and supply chain operations. For more information, visit the New Jersey Department of Transportation.

Commercial Real Estate Inventory & Zoning

The commercial real estate landscape in Toms River is diverse, with distinct submarkets such as the Central Business District (CBD), industrial corridors, and retail hubs. The CBD is characterized by a concentration of office spaces, while the industrial corridors along Route 37 support warehousing and distribution activities. Recent zoning changes and incentives, such as the redevelopment of waterfront areas, present lucrative opportunities for developers. Explore the city's Zoning Maps for detailed insights.

Major Employers and Institutions

Toms River is home to major employers and institutions that significantly influence its commercial real estate market. Prominent entities include the Community Medical Center, Ocean County College, and the Ocean County government offices. These institutions not only provide employment but also drive demand for nearby office and retail properties. For a comprehensive list of employers, visit the Ocean County Business Directory.

Notable Commercial Developments & Projects

Toms River is witnessing several large-scale commercial developments aimed at enhancing its economic landscape. Projects such as the downtown revitalization initiative and the redevelopment of the former Ciba-Geigy site into a mixed-use complex are noteworthy. These public-private partnerships and Opportunity Zones offer tremendous potential for CRE investors. Additional details can be found at the Toms River Planning Department.

Building Permits, Planning, and Development Tools

Access the following resources for building and development in Toms River: - Building and Safety Department - Permitting Portal - Parcel Map Viewer - Planning Commission - Development Code

Market Data & Economic Reports

Toms River's economic insights are supported by data from census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation from public data and internal insights to provide detailed market analyses. Explore Brevitas-powered dashboards for Toms River here.

Why Use Brevitas for Toms River, New Jersey CRE?

Brevitas offers an unparalleled platform for CRE discovery in Toms River, driven by AI-enhanced tools and real-time market alerts. Key features include: - Auto-generated listing pages - Email and landing page marketing tools - Seamless integration with brokers and developers - Access to exclusive listings and premium exposure

Brevitas stands as the go-to CRE marketplace for Toms River, delivering innovative solutions and insights to investors and brokers alike.