Odessa, Texas Commercial Real Estate 0 Listings

Odessa, Texas: A Premier Destination for Commercial Real Estate

Introduction

Odessa, Texas, stands as a burgeoning hub for commercial real estate (CRE) investors and professionals. With a population of approximately 120,000, Odessa is strategically positioned in the Permian Basin, one of the largest oil-producing regions in the world. This fuels a robust local economy centered around energy, logistics, and manufacturing, making it an attractive location for various CRE asset classes. The city's business-friendly environment and ongoing economic development initiatives further enhance its appeal for commercial ventures.

Economic and Industry Overview

Odessa's economy thrives on its energy sector, primarily oil and gas, which significantly influences the demand for industrial and office spaces. The region also sees growing sectors in logistics and manufacturing, driven by its strategic location and infrastructure. The Odessa Chamber of Commerce is actively involved in promoting economic development, offering resources and incentives to businesses that contribute to the local economy.

Strategic Location and Transportation Infrastructure

Odessa benefits from its strategic position along major transportation routes, including Interstate 20 and U.S. Highway 385, facilitating efficient logistics and distribution. The city is served by the Midland International Air and Space Port, providing air connectivity crucial for business operations. Additionally, the Union Pacific Railroad offers critical rail services, enhancing Odessa's logistical capabilities and access to labor pools. For more information, visit the Texas Department of Transportation.

Commercial Real Estate Inventory & Zoning

Odessa boasts a diverse range of CRE submarkets, including the Central Business District (CBD) and industrial corridors. Key asset classes include industrial, retail, office, and medical properties. Recent zoning changes have made way for mixed-use developments and innovation districts. Developers can explore zoning maps and parcel data through the City of Odessa Zoning Department.

Major Employers and Institutions

Odessa is home to major employers such as Halliburton, Saulsbury Industries, and Ector County Independent School District. The University of Texas Permian Basin and Odessa College also contribute to CRE demand by fostering a skilled workforce and research initiatives. More details can be found on the Odessa Economic Development Corporation.

Notable Commercial Developments & Projects

Odessa is witnessing several large-scale developments, including mixed-use projects and Opportunity Zones aimed at revitalizing underserved areas. Public-private partnerships are pivotal in driving these initiatives, promoting sustainable urban growth. For project details, refer to the City of Odessa Planning Department.

Building Permits, Planning, and Development Tools

Access essential tools through the following links: - City of Odessa Building and Safety Department - Odessa Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

For comprehensive market insights, Odessa offers access to public data sets such as Census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation, blending public data with internal insights. Explore Brevitas-powered dashboards for advanced analytics on Odessa's CRE landscape.

Why Use Brevitas for Odessa, Texas CRE?

Brevitas provides a cutting-edge platform for commercial real estate discovery in Odessa, Texas, featuring: - AI-driven CRE discovery and real-time market alerts - Smart property pages and dealroom collaboration - Auto-generated listing pages - Email and landing page tools - Seamless integration with brokers and developers - Exclusive listings and premium exposure