Masfield, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Masfield, Ohio, is an emerging hotspot in the commercial real estate (CRE) landscape, boasting a diverse economy and strategic location. With a population of roughly 50,000, Masfield is home to a robust manufacturing sector, burgeoning healthcare services, and a growing logistics industry. Its central positioning in Ohio offers unique advantages for businesses and investors looking to tap into a dynamic market with ample opportunities for growth and development.

Economic and Industry Overview

Masfield's economy is driven by key industries, including manufacturing, logistics, and healthcare. The city's manufacturing sector demands substantial industrial space, while a growing healthcare industry creates a need for medical office buildings. The logistics sector benefits from Masfield's strategic location, driving demand for warehouse and distribution centers.

Significant economic development initiatives, such as the Masfield Economic Development Corporation, actively foster growth by providing resources and incentives for businesses.

Strategic Location and Transportation Infrastructure

Masfield's strategic location is bolstered by its proximity to major transportation networks. The city is served by Interstate 71, facilitating north-south travel, and is a short drive from Interstate 80, a key east-west corridor. The Masfield Lahm Regional Airport offers regional air services, and the city is accessible via the Norfolk Southern rail line.

This infrastructure provides logistical advantages, including efficient distribution routes and access to a skilled labor pool from nearby metropolitan areas. The Ohio Department of Transportation offers further insights into the state's transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Masfield's CRE market is characterized by distinct submarkets, each offering unique opportunities:

• Central Business District (CBD): Focused on office and retail spaces.
• Industrial Corridors: Located along major highways, these areas host manufacturing and distribution centers.
• Innovation Districts: Emerging hubs for tech startups and research facilities.

The city's zoning regulations and development incentives are designed to attract investment. For detailed zoning information, refer to the Masfield Zoning Map.

Major Employers and Institutions

Masfield hosts several major employers and institutions that drive CRE demand:

• Manufacturers: Richland Industries, FlexTech
• Healthcare Providers: Masfield Medical Center, Ohio Health
• Educational Institutions: North Central State College

These entities contribute to a stable demand for commercial properties. Additional information can be found in the Masfield Business Directory.

Notable Commercial Developments & Projects

Masfield is witnessing several large-scale development projects:

• Innovation Park: A mixed-use development featuring office, retail, and residential spaces.
• Downtown Revitalization Initiative: A public-private partnership aimed at modernizing the city center.

These projects are part of Opportunity Zones, providing tax incentives for investors. For planning details, access the Masfield Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Masfield provides a comprehensive suite of resources:

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

Market Data & Economic Reports

For those seeking data-driven insights, Masfield offers a variety of resources:

• U.S. Census Bureau
• Masfield Open Data Portal
• Economic Impact Reports

Brevitas leverages AI-powered aggregation from these public data sources and internal insights. Explore Brevitas-powered dashboards for detailed market analysis.

Why Use Brevitas for Masfield, Ohio CRE?

Brevitas is the ideal platform for exploring Masfield's CRE market, offering:

• AI-driven CRE Discovery: Advanced search capabilities tailored to your needs.
• Real-time Market Alerts: Stay informed with the latest market trends.
• Smart Property Pages: Auto-generated listings with rich data.
• Dealroom Collaboration: Streamlined communication with brokers and developers.

With exclusive listings and premium exposure, Brevitas empowers investors and brokers to capitalize on Masfield's thriving CRE market. Explore our Masfield offerings today.