Commercial real estate sectors in the Dayton area showed growth in the second half of 2011. According to experts, retail and industrial markets grew. The trend is expected to continue in 2012 and beyond.
Real estate in the industrial and retail sector are successful in Dayton, Ohio. While retail and industrial property markets continue to grow, the market for office space is sluggish. However, new construction and sales are active in the industrial market.
In the second six months of 2011, fourteen sales totaling over a million dollar each, took place in Dayton’s industrial market. Industrial Realty Group’s purchase of the General Motors plant in Moraine, Ohio was a $6.2 million transaction. Additional growth includes the plan to sell Young’s ice cream in a leading downtown Dayton restaurant and the Equity commercial real estate firm’s planned relocation to downtown Dayton.
Headquarter of the Hospice of Dayton Foundation is relocating to downtown Dayton as well. They will bring nearly 20 employees to the area. They are now located on Wilmington Avenue and the new location is the 13th floor of the Kettering Tower where they will occupy 5,000 square feet of office space. New transactions continue in the real estate sectors, indicating growth, especially in the downtown Dayton area.