Lakewood, Ohio Commercial Real Estate 0 Listings

Lakewood, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Lakewood, Ohio, situated just west of Cleveland along the southern shore of Lake Erie, is an emerging hub for commercial real estate (CRE) professionals. Known for its vibrant economy and diverse industrial sectors, Lakewood offers a unique positioning in the CRE market. With a population of approximately 50,000, the city is characterized by a mix of small businesses, healthcare, and retail industries, making it a dynamic area for commercial growth and investment.

Economic and Industry Overview

Lakewood's economy is driven by a robust healthcare sector, retail businesses, and a growing technology presence. The city is part of the Greater Cleveland area, which supports a diverse range of industries including manufacturing, healthcare, and professional services. The demand for office spaces and retail properties is primarily fueled by the presence of major healthcare institutions and a thriving local business community. The Lakewood Chamber of Commerce actively promotes economic development initiatives that support these industry clusters.

Strategic Location and Transportation Infrastructure

Lakewood benefits from a strategic location with easy access to major transportation networks. The city is conveniently connected by Interstate 90, providing direct routes to downtown Cleveland and other regional markets. Proximity to the Port of Cleveland and Cleveland Hopkins International Airport enhances logistical advantages, facilitating efficient distribution and access to labor pools. More information can be found on the Ohio Department of Transportation and Cleveland Airport websites.

Commercial Real Estate Inventory & Zoning

Lakewood's commercial real estate landscape is diverse, with significant submarkets including downtown Lakewood, Madison Avenue, and Detroit Avenue corridors. Key asset classes in the city include retail, office, and medical spaces. The city has implemented progressive zoning changes to encourage mixed-use developments and adaptive reuse projects. Lakewood's zoning maps and parcel viewers are accessible through the City of Lakewood Planning Department.

Major Employers and Institutions

Lakewood is home to several major employers and institutions that drive CRE demand. Notable entities include Lakewood Hospital, part of the Cleveland Clinic health system, and Lakewood City Schools. These institutions, along with a host of local businesses, contribute to the city's robust employment landscape. Further details can be explored on the Lakewood Economic Development website.

Notable Commercial Developments & Projects

The city is witnessing several large-scale development projects aimed at revitalizing its commercial corridors. Notable projects include the redevelopment of the former Lakewood Hospital site into a mixed-use development. Additionally, Lakewood is designated as an Opportunity Zone, providing tax incentives for new investments. Information on these projects can be found through the Lakewood Planning and Development portal.

Building Permits, Planning, and Development Tools

For those interested in development within Lakewood, various resources are available:

Market Data & Economic Reports

Lakewood offers a wealth of public data for CRE professionals. Resources such as Census.gov and the city's Open Data Portal provide valuable insights into market trends and economic impact reports. Brevitas utilizes AI-powered aggregation from these public data sources along with internal insights to offer comprehensive market dashboards. Explore our Brevitas-powered dashboards for Lakewood, Ohio.

Why Use Brevitas for Lakewood, Ohio CRE?

Brevitas provides an unparalleled platform for discovering CRE opportunities in Lakewood, Ohio. Our AI-driven tools offer real-time market alerts, smart property pages, and collaborative dealrooms. Key features include: