In recent years, the city of Dayton, OH, has been poised for strong economic growth. With a surge in new jobs being created across a variety of industries, continued growth at Wright-Patterson Air Force Base, and the city’s growing demand for commercial real estate, Dayton has been named one of the top 10 sites for job growth among cities of its size for 12 straight years. A recent resurgence in commercial real estate rentals has strengthened downtown Dayton’s economic growth, benefiting both the government and private sector. Here’s a closer look at this good news.

Downtown Dayton Booming

With dozens of new developers pouring in, downtown Dayton’s city center has seen significant growth. Companies such as Taylor Communications and CareSource have leased thousands of square feet of commercial real estate.

In addition, large hotels and the development of the Dayton Arcade Building—with its many new restaurants, shops, apartments, and office spaces—are projected to bring in hundreds of new jobs.

Government Job Growth

The bustling downtown is helping attract skilled workers from the Dayton region, as well as the northern Cincinnati area. Due to the influx of new residents, government and private sector jobs are easier to fill.

With nearly 30,000 military and civilian workers at Wright-Patterson Air Force Base and a growing workforce, the downtown office market is well-positioned to benefit. There have been 600–900 new jobs with a potential of 4,000 more projected for government and defense contractors. These companies will need office space, and Dayton has plenty available.

Couple the available space downtown with the big influx of millennials, and you have an ideal situation for government and base contractors. Millennials not only want to be close to the hub of downtown activities, but they also want a short commute to work—or even the ability to walk to work. The Air Force Base is a mere 10-minute drive.

For commercial real estate in bustling downtown Dayton or the Miami Valley area, contact the experts at Crest Commercial Property in Centerville, OH. They understand the ins and outs of commercial real estate and will work with you to create a custom plan of action designed to meet your business needs and long-term goals. Contact their professional team today at (937) 222-1600 or visit them online to learn more about their listings and services.