Kent, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Kent, Ohio, is an emerging hub for commercial real estate (CRE) investment, uniquely positioned to leverage its robust economy and strategic location. As a city with a population of approximately 30,000, Kent is known for its vibrant economy driven by industries such as education, healthcare, and manufacturing. The presence of Kent State University, one of the largest employers in the area, further amplifies the city's economic vitality and CRE potential.

Economic and Industry Overview

Kent's economy is anchored by a diverse array of industries that fuel demand for various types of commercial properties, including office, industrial, and retail spaces. Key sectors include:

• Education: Home to Kent State University, the city benefits from a steady influx of students and faculty, boosting demand for retail and multifamily properties.
• Healthcare: The healthcare sector is a significant driver of CRE demand, with numerous medical facilities requiring office and specialized spaces.
• Manufacturing: Kent's manufacturing industry supports the need for industrial and logistics properties.

The city collaborates with regional economic development agencies to attract new business and investment. Team NEO, a regional economic development organization, plays a critical role in fostering business growth in the area.

Strategic Location and Transportation Infrastructure

Kent boasts a strategic location with easy access to major transportation networks:

• Highways: Key highways such as Interstate 76 and State Route 43 provide efficient connectivity to nearby cities and states.
• Airports: The city is within a short drive from the Akron-Canton Airport, enhancing its appeal for businesses requiring air travel.
• Rail Lines: Kent is served by freight rail services, facilitating logistics and distribution operations.

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

Commercial Real Estate Inventory & Zoning

Kent's commercial real estate landscape is characterized by several distinct submarkets:

• Central Business District (CBD): Offers a mix of office and retail spaces, ideal for businesses seeking a central location.
• Industrial Corridors: Located on the outskirts, these areas provide ample space for manufacturing and logistics operations.
• Innovation Districts: Emerging areas focused on tech and research-driven enterprises.

The city supports development through various zoning incentives and overlays. For detailed zoning maps and parcel viewers, access the City of Kent's Planning and Zoning website.

Major Employers and Institutions

Kent is home to numerous major employers and institutions that drive commercial real estate demand:

• Kent State University: A leading educational institution with a significant impact on local CRE.
• Summa Health System: A major healthcare provider with facilities requiring specialized office space.

For more information on major employers, visit the Kent Chamber of Commerce.

Notable Commercial Developments & Projects

Several large-scale developments are shaping Kent's CRE landscape:

• Mixed-Use Projects: Developments that combine residential, retail, and office spaces are gaining traction.
• Innovation Parks: Public-private partnerships are creating innovation parks to attract tech companies and startups.

The city participates in the Opportunity Zone program, offering tax incentives for development. For planning documents and site maps, refer to the City of Kent Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Kent provides comprehensive tools and resources:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access public data sets and economic reports through resources like Census.gov and the city's Open Data Portal. Brevitas utilizes AI-powered aggregation from public data and internal insights to deliver unparalleled market intelligence. Explore our Brevitas-powered dashboards for more detailed information.

Why Use Brevitas for Kent, Ohio CRE?

Brevitas is your go-to marketplace for Kent, Ohio CRE, offering:

• AI-Driven Discovery: Streamline property searches with intelligent recommendations.
• Real-Time Market Alerts: Stay informed with instant notifications on new listings.
• Smart Property Pages: Engage potential buyers with dynamic, data-rich listings.
• Dealroom Collaboration: Facilitate seamless collaboration with brokers and developers.

Leverage our unique features, including auto-generated listing pages, email and landing page tools, and exclusive listings with premium exposure. Discover the future of commercial real estate with Brevitas in Kent, Ohio.