Daytona Beach, Florida’s sand dunes, vibrant tourism industry and renowned motorsports events are its most recognizable features. Savvy investors will find a rare combination of opportunities in this area, from the vibrant downtown to Port Orange. Why Daytona Beach is a great place to invest in commercial real estate, what types of properties are in demand, and what factors are driving growth are all covered in this article.
Booming Residential and Commercial Development
The residential and commercial sectors in Port Orange are experiencing growth. Property values in the sector have surged by over 127% since 2015—an indicator of housing market demand. Ongoing construction of communities and apartment complexes reflects this trend without any signs of deceleration. Benefiting from this growth are renovation specialists, landscapers as the construction industry, at large.
Port Orange Florida has become a choice for families and retirees establishing itself as a location for retail real estate. The city’s appeal to healthcare estate, quick service restaurant development and convenience store ventures is driven by its growing population. With rated schools, a rich historical background and diminishing land availability Port Orange is a favorable destination for both experienced and aspiring business owners looking to tap into a diverse consumer base.
Thanks to its demographic and ongoing residential and commercial expansion Port Orange presents lucrative opportunities for retail and healthcare real estate investments. The city’s increasing population coupled with its proximity to beaches, highways and main thoroughfares is fueling the demand for retail spaces.
Diverse Property Options
- Office Spaces
The demand for modern office spaces is on the rise, driven by the influx of tech startups and service-oriented businesses. Areas like Port Orange are becoming prime locations for office buildings due to their proximity to residential neighborhoods and major roadways.
- Fast Food Development
The city’s expansion has led to a demand for services. Currently 39% of Port Orange residents have access to restaurants within walking distance. This presents an opportunity for fast food chains and other retail businesses to meet this need. Investing in quick service restaurant (QSR) development shows promising return on investment potential.
- Demand for Senior Healthcare Services
With half of the population in Port Orange being over the age of 45 there is a growing need for medical facilities. Healthcare providers can consider establishing care centers and specialized outpatient services to cater to this change. The rising demand for healthcare estate and medical outpatient locations presents opportunities for development in the area.
- Family Entertainment and Retail Options
Given the citys number of families there is a market for family friendly entertainment venues such as indoor playgrounds and movie theaters. Additionally there is a need for more grocery stores and convenience stores to accommodate the expanding population.
Economic Impact of Demographic Shifts
The changing demographics in Port Orange Florida are influencing businesses and the retail real estate market. Population Growth; The population of Port Orange has steadily increased from 56,048 in 2010 to 62,596 in 2020. This growth translates into customers for companies operating in sectors, like retail, healthcare and entertainment. Port Orange boasts A rated schools and a recognized high school making it a prime choice for families. It’s also a spot for businesses catering to family needs.
Learn more about the intricacies of VAT and how it influences corporate taxation in our comprehensive guide.
Conclusion
Daytona Beach is a thriving commercial real estate investment center. Investors like its many real estate alternatives, strategic advantages and optimistic future trends. As it grows, the city offers a unique mix of opportunities that are as vibrant as its famous coastline. For investors hoping to capitalize on Florida’s expanding market, Daytona Beach commercial real estate can provide strong returns today.