Powell, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Powell, Ohio is a burgeoning hub for commercial real estate (CRE) investment, offering a unique blend of small-town charm and economic growth. Located in Delaware County, this city is known for its strong economic base and thriving business environment, making it an attractive destination for CRE professionals. With a diverse economy anchored by industries such as healthcare, retail, and logistics, Powell is strategically positioned to support a wide range of commercial property types.

Economic and Industry Overview

Powell's economy is driven by several key industries, including:

• Healthcare: The presence of reputable healthcare facilities and medical offices drives significant demand for office and medical property types.
• Retail: Powell's vibrant retail scene, supported by a high-income demographic, bolsters demand for commercial retail spaces.
• Logistics: Proximity to major transportation routes enhances its appeal as a logistics hub, stimulating demand for industrial properties.

Regional economic development initiatives further bolster Powell's attractiveness for CRE. For more information, explore the City of Powell Economic Development page.

Strategic Location and Transportation Infrastructure

Powell benefits from its strategic location and robust transportation infrastructure, including:

• Highways: Easy access to major highways such as I-270 and US-23, facilitating efficient distribution and commuting.
• Airports: Proximity to John Glenn Columbus International Airport offers convenient air travel and cargo services.
• Rail Lines: The presence of nearby rail lines enhances logistical operations.

These features make Powell an ideal location for businesses requiring efficient distribution networks. For additional details, visit the Ohio Department of Transportation website.

Commercial Real Estate Inventory & Zoning

Powell's commercial real estate landscape is characterized by diverse submarkets, including:

• Central Business District (CBD): A focal point for office and retail spaces.
• Industrial Corridors: Housing a range of warehouse and distribution facilities.
• Innovation Districts: Areas fostering technological and creative enterprises.

Recent zoning changes and incentives provide opportunities for developers. View the city's Zoning Maps and Parcel Viewer for more information.

Major Employers and Institutions

Powell hosts several major employers and institutions that drive commercial real estate demand, including:

• Healthcare Networks: Significant employment in healthcare facilities.
• Retail Chains: Large retail employers contributing to economic growth.
• Educational Institutions: Proximity to universities that support research and development.

Explore the Delaware County Economic Development site for a comprehensive list of top employers.

Notable Commercial Developments & Projects

Powell is home to several significant commercial developments, including:

• Mixed-Use Projects: Developments that blend residential, retail, and office spaces.
• Opportunity Zones: Areas offering tax incentives for redevelopment.
• Public-Private Partnerships: Collaborations fostering urban growth.

For detailed planning information, visit the Powell Planning Department site.

Building Permits, Planning, and Development Tools

Access essential resources for building and development in Powell:

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

Market Data & Economic Reports

Investors can leverage public data sets to make informed decisions:

• U.S. Census Data
• Powell Open Data Portal
• Economic impact reports from Delaware County Economic Development

Discover AI-powered insights with Brevitas, offering comprehensive market data aggregation.

Why Use Brevitas for Powell, Ohio CRE?

Brevitas revolutionizes the CRE experience in Powell, Ohio, by providing:

• AI-Driven Discovery: Effortlessly find properties using advanced AI algorithms.
• Real-Time Market Alerts: Stay informed with automated notifications.
• Smart Property Pages: Access detailed property information with ease.
• Dealroom Collaboration: Collaborate seamlessly with colleagues and clients.

Leverage exclusive features such as auto-generated listing pages, integration with brokers and developers, and premium exposure for your listings. Explore Brevitas for your Powell, Ohio commercial real estate needs.