Troy, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Troy, Ohio, situated in Miami County, is a thriving hub for commercial real estate, offering a dynamic mix of industrial, office, and retail opportunities. As a city with a population of approximately 26,000 residents, Troy presents a robust economy supported by major industry clusters such as manufacturing, logistics, and healthcare. Its strategic location and pro-business environment make it an ideal destination for commercial real estate (CRE) investments.

Economic and Industry Overview

Troy, Ohio, is home to a diverse array of industries that significantly impact the demand for various commercial property types:

• Manufacturing: The city boasts a strong manufacturing sector, with companies specializing in automotive parts, aerospace components, and industrial machinery.
• Logistics: Troy's proximity to major highways and rail lines makes it a prime location for logistics and distribution centers.
• Healthcare: A growing sector in Troy, driving demand for medical office spaces and healthcare facilities.

The Miami County Economic Development initiative actively supports business growth and development in the region, promoting a conducive environment for CRE investments.

Strategic Location and Transportation Infrastructure

Troy's strategic positioning offers significant logistical advantages:

• Highways: Convenient access to major highways such as I-75 and US-36 enhances connectivity for businesses.
• Airports: The city is in close proximity to the Dayton International Airport, facilitating easy air travel and cargo transport.
• Rail: Access to rail lines provides additional logistic channels for businesses requiring substantial shipping capabilities.

For more information, visit the Ohio Department of Transportation website.

Commercial Real Estate Inventory & Zoning

Troy's CRE market is diverse, with several key submarkets:

• Central Business District (CBD): Home to a mix of office spaces, retail outlets, and service providers.
• Industrial Corridors: Areas along I-75 are dedicated to industrial and manufacturing facilities.
• Innovation Districts: Emerging zones fostering tech and startup growth.

Zoning incentives and overlays are available to encourage development, with details accessible through the City of Troy Zoning Maps.

Major Employers and Institutions

Troy hosts several significant employers and institutions that drive CRE demand:

• Top Employers: Companies like Crown Equipment Corporation and UTC Aerospace Systems are major players.
• Educational Institutions: Proximity to institutions such as Edison State Community College adds educational and research value.

For a comprehensive list of businesses, visit the Troy Area Chamber of Commerce.

Notable Commercial Developments & Projects

There are several large-scale development projects underway in Troy:

• Mixed-Use Developments: Projects like the Troy Towne Center are transforming the urban landscape.
• Public-Private Partnerships: Collaborative efforts to revitalize key areas and enhance infrastructure.

Details on these projects can be found through the Troy Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development opportunities, Troy offers a range of resources:

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

Market Data & Economic Reports

Troy offers a wealth of public data for CRE analysis:

• Census Data: Available at census.gov
• City’s Open Data Portal: Access economic impact reports and more.
• Brevitas leverages AI-powered aggregation from these public data sources to provide actionable insights.

Explore Brevitas-powered dashboards for Troy, Ohio here.

Why Use Brevitas for Troy, Ohio CRE?

Brevitas offers a cutting-edge platform for exploring CRE opportunities in Troy, Ohio:

• AI-Driven CRE Discovery: Advanced search tools tailored to your needs.
• Real-Time Market Alerts: Stay updated on new listings and market changes.
• Smart Property Pages & Dealroom Collaboration: Enhance your transaction efficiency.
• Exclusive Listings & Premium Exposure: Gain a competitive edge.

With features like auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers, Brevitas is your trusted partner for commercial real estate in Troy, Ohio.

For further information, explore Brevitas.