Ray, North Dakota Commercial Real Estate 1 Listing

Ray, North Dakota: A Premier Destination for Commercial Real Estate

Introduction

Ray, North Dakota, may be small in size, but it holds significant potential for commercial real estate (CRE) investors. Situated in the heart of North Dakota’s oil-rich region, the city's economy is primarily driven by the energy sector. With its strategic location and growing industry clusters, Ray presents unique opportunities for commercial real estate development and investment.

Economic and Industry Overview

Ray's economy is heavily influenced by the energy sector, particularly oil and gas. This industry drives demand for industrial properties, including warehouses and logistics centers. Additionally, the city's proximity to major energy developments attracts businesses in support services and logistics, contributing to a growing need for office and retail spaces. For more insights into regional economic initiatives, refer to the North Dakota Department of Commerce.

Strategic Location and Transportation Infrastructure

Ray is strategically positioned near major transportation routes, offering logistical advantages for businesses. Key infrastructure includes:

Highways: U.S. Route 2 runs east-west through Ray, connecting it to major markets.
Rail: The city is served by the Burlington Northern Santa Fe Railway, facilitating freight movement.
Airports: The nearby Williston Basin International Airport provides regional and national connectivity.

These transportation assets enhance Ray's appeal as a distribution hub. For detailed transportation maps, visit the North Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Ray's commercial real estate market is characterized by several submarkets:

Industrial Corridors: Primarily located near transportation routes, offering warehouse and distribution facilities.
Retail and Office Space: Concentrated in the central business district, catering to local businesses and services.

Recent zoning changes have been implemented to encourage mixed-use developments and support the growing demand for commercial spaces. For zoning maps and parcel viewers, visit the Williams County Zoning and Planning.

Major Employers and Institutions

Key employers in Ray include energy companies and service providers, contributing significantly to commercial real estate demand. While the city does not host large universities or research centers, its economic activities are bolstered by nearby institutions. For a directory of businesses, explore the Williams County Economic Development Corporation.

Notable Commercial Developments & Projects

Ray is witnessing several large-scale development projects, including mixed-use and industrial parks, often supported by public-private partnerships. These projects are designed to accommodate the growing business ecosystem and enhance the city's infrastructure. For more information on development projects, visit the Williams County Planning Department.

Building Permits, Planning, and Development Tools

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

Market Data & Economic Reports

Ray's market data can be accessed through public databases like census.gov and the city's open data portals. Brevitas leverages AI-powered aggregation to provide comprehensive insights into Ray's commercial real estate landscape. Explore Brevitas-powered dashboards for more detailed analyses.