New Franklin, Ohio Commercial Real Estate 1 Listing

New Franklin, Ohio: A Premier Destination for Commercial Real Estate

Introduction

New Franklin, Ohio, offers a unique landscape for commercial real estate (CRE) investments, characterized by its strategic location and growing economic base. This city, located in Summit County, is part of the Akron Metropolitan Statistical Area. It has seen increasing interest from industries such as manufacturing and logistics, which are driving demand for diverse property types, including industrial, office, and retail spaces. Its proximity to major transportation routes and a supportive local government make it an attractive destination for CRE professionals.

Economic and Industry Overview

New Franklin's economy is bolstered by a mix of manufacturing, logistics, and small businesses. The city's manufacturing sector, a key driver of industrial property demand, benefits from Ohio's robust manufacturing ecosystem. Logistics companies find New Franklin appealing due to its access to major transportation corridors, which facilitates efficient distribution.

The region is supported by economic development initiatives spearheaded by the Summit County Department of Community and Economic Development, which offers resources and incentives to businesses looking to invest and expand in the area.

Strategic Location and Transportation Infrastructure

New Franklin is strategically positioned with access to major highways such as Interstate 77 and State Route 21, connecting it to Akron, Cleveland, and beyond. This connectivity is advantageous for logistics and distribution centers seeking timely access to regional and national markets.

The city is also within a manageable distance from the Akron-Canton Airport, which facilitates both passenger travel and air freight. For more information on transportation infrastructure, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

New Franklin's CRE landscape includes several submarkets, such as industrial corridors and suburban office parks. Key asset classes include:

Industrial: Warehouses and logistics centers
Office: Business parks and standalone office buildings
Retail: Shopping centers and standalone retail
Multifamily (commercial-grade): Apartment complexes with mixed-use capabilities

The city actively revises its zoning laws to encourage development. For zoning maps and updates, visit the City of New Franklin Zoning Maps.

Major Employers and Institutions

Prominent employers in New Franklin include local manufacturing firms and logistics companies, which support the city's economic vitality. Additionally, the presence of educational institutions and government offices contributes to the demand for office and retail spaces. For a comprehensive list of major employers, check the Summit County Business Directory.

Notable Commercial Developments & Projects

New Franklin is home to several ongoing and proposed commercial developments, such as mixed-use projects and innovation parks that attract businesses and residents alike. These developments often involve public-private partnerships and may be located in designated Opportunity Zones. Details can be found through the City of New Franklin Planning Department.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Access to detailed market data and economic reports is crucial for informed CRE decisions. Public data sets, such as those from census.gov and the city's open data portal, provide valuable insights. Brevitas leverages AI-powered aggregation from these sources and internal insights to deliver comprehensive market analysis. Explore Brevitas-powered dashboards for New Franklin here.

Why Use Brevitas for New Franklin, Ohio CRE?

Brevitas offers a range of features that make it an indispensable tool for CRE professionals in New Franklin:

AI-driven CRE discovery: Find properties that match your criteria with ease.
Real-time market alerts: Stay informed about the latest opportunities.
Smart property pages and dealroom collaboration: Enhance your property presentations and negotiations.
Auto-generated listing pages and email tools: Maximize exposure for your listings.
Integration with brokers and developers: Seamlessly connect with industry professionals.
Exclusive listings and premium exposure: Access unique opportunities not available elsewhere.

With Brevitas, you can ensure that your CRE endeavors in New Franklin are backed by the latest technology and insights. Explore our platform to find the perfect property and make informed investment decisions.