Aurora, Ohio Commercial Real Estate 1 Listing

Aurora, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Aurora, Ohio, is a burgeoning hub for commercial real estate (CRE) in the Midwest. With a population of approximately 15,800, this city offers a dynamic economy characterized by a blend of manufacturing, healthcare, and retail industries. Aurora's strategic location in Northeast Ohio makes it an attractive destination for investors seeking diverse opportunities in CRE. The city's strong economic base and infrastructure provide a fertile ground for office, industrial, and retail properties.

Economic and Industry Overview

Aurora's economy is driven by key industries such as manufacturing, healthcare, and retail. The city is home to several industrial parks that cater to manufacturing and logistics businesses, creating a steady demand for industrial spaces. The healthcare sector is bolstered by proximity to major medical centers in the Cleveland area, driving needs for office and medical office spaces. The retail industry thrives due to Aurora's residents and visitors attracted to the city's shopping destinations like the Aurora Farms Premium Outlets.

For more insights into regional economic development, visit the Portage Development Board.

Strategic Location and Transportation Infrastructure

Aurora is strategically located near major highways such as I-480 and I-80, providing easy access to Cleveland and other major cities in Ohio. The city is within a short drive from Cleveland Hopkins International Airport, enhancing its appeal for businesses requiring national and international connectivity. Additionally, Aurora benefits from proximity to rail lines, offering logistical advantages for distribution and access to labor pools in the Northeast Ohio region.

For more on transportation infrastructure, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

Aurora's commercial real estate market is diverse, with significant submarkets including the Central Business District (CBD) and industrial corridors. Key asset classes include:

Industrial: Focused in the southern parts of the city, these areas cater to manufacturing and logistics companies.
Retail: Predominantly centered around shopping destinations such as Aurora Farms.
Office: Small to medium-sized office spaces available, often in mixed-use developments.

The city has implemented zoning changes to encourage mixed-use developments and offers incentives for sustainable building practices. Check the City of Aurora Zoning Maps for more details.

Major Employers and Institutions

Aurora hosts several top employers that contribute to CRE demand, including:

Rotek Incorporated: A leading manufacturer in the region.
Aurora City Schools: A significant employer influencing residential and commercial needs.
Parker Hannifin: Nearby facilities impact the local economy.

For a comprehensive list of businesses, visit the Aurora Chamber of Commerce.

Notable Commercial Developments & Projects

Aurora is witnessing significant development activity, particularly in mixed-use and innovation park projects. Recent endeavors include:

Aurora Commerce Center: A mixed-use development featuring retail and office spaces.
Innovation Parks: Public-private partnerships aimed at fostering tech and research industries.

For more on these projects, visit the Aurora Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development in Aurora, the city offers several resources:

Market Data & Economic Reports

Aurora's market data and economic reports are accessible through public data sets from census.gov and the city's open data portal. Brevitas utilizes AI-powered aggregation to provide real-time insights and invites users to explore our Brevitas-powered dashboards for Aurora.