Ashland, Ohio Commercial Real Estate 0 Listings

Ashland, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Ashland, Ohio, known as "The World Headquarters of Nice People," is a vibrant city with a compelling commercial real estate (CRE) landscape. With a modest population of around 20,000, Ashland presents unique opportunities for commercial development in its diverse economy, which is driven by manufacturing, education, and healthcare. Its strategic location within Ohio's industrial belt and proximity to major cities makes it an attractive destination for commercial real estate professionals.

Economic and Industry Overview

Ashland's economy is anchored by robust industries such as manufacturing, education, and healthcare. The city hosts several manufacturing plants that demand industrial property spaces, while Ashland University fuels a need for office and retail developments. The presence of healthcare institutions, including Samaritan Hospital, further drives demand for medical office spaces.

Ashland's economic growth is supported by initiatives from the Ashland Area Chamber of Commerce and the Ashland Economic Development, which focus on fostering business expansion and attracting new industries.

Strategic Location and Transportation Infrastructure

Ashland is strategically positioned with access to major transportation routes. It is located along Interstate 71, providing direct connections to Cleveland and Columbus. U.S. Route 250 and State Route 42 also facilitate regional connectivity. Although Ashland does not have its own airport, it is within reasonable distance from Cleveland Hopkins International Airport and John Glenn Columbus International Airport.

The city's transportation network enhances its logistical advantages, offering seamless distribution channels and access to a skilled labor pool. For more details on transportation, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

Ashland boasts a diverse array of commercial real estate submarkets, including industrial corridors and central business districts. Key asset classes in the city comprise industrial, retail, office, and medical spaces. The city continuously adapts its zoning laws to encourage development, with incentives available for developers through the Ashland City Zoning Map.

Notably, Ashland offers opportunity zones that provide tax incentives for investors, making it an appealing prospect for real estate developers.

Major Employers and Institutions

The city is home to major employers such as Ashland University, which not only drives demand for office and retail spaces but also for student housing developments. Other significant employers include Hedstrom Plastics and Pentair, contributing to the demand for industrial properties.

For a comprehensive list of employers, visit the Ashland Chamber of Commerce Business Directory.

Notable Commercial Developments & Projects

Ashland is witnessing transformative commercial projects, including mixed-use developments and innovation parks. The city's focus on public-private partnerships and development in opportunity zones is creating new avenues for growth. For details on ongoing projects, consult the Ashland City Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Ashland provides a range of resources to facilitate project planning:

Market Data & Economic Reports

Access comprehensive market data via public data sets from sources like Census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation to provide enhanced insights into Ashland's economic landscape. Explore Brevitas-powered dashboards for in-depth analysis.

Why Use Brevitas for Ashland, Ohio CRE?

Brevitas stands out as a leader in CRE discovery and management with AI-driven insights, real-time market alerts, and smart property pages. Key features include: