Florida’s Space Coast may be home to Orlando’s closest beach and the epicenter of America’s Space Program, but it’s also one of the hottest up-and-coming regions for commercial real estate in Florida.
Whether you're a investor or a owner operator with big dreams, this 72-mile stretch of Florida’s coastline offers opportunities that are literally out of this world. But before you sign on the dotted line, let’s cut through the fluff and get to what you really need to know.
Why Commercial Property on Florida's Space Coast?
First, let’s talk about location. Brevard County is home to major hubs like Melbourne, Cocoa Beach, and Titusville—each with its own flavor. Proximity to Kennedy Space Center and Port Canaveral means the area’s economy is firing on all cylinders. Think aerospace giants like SpaceX and Blue Origin, booming tourism, and a growing tech scene.
Oh, and did we mention you are 20 minutes or less from the beach, no matter where you are in the county? It’s where work-life balance becomes more than just a corporate buzzword when it impacts your employee retention rates. Plus, who doesn’t want to schedule client meetings with a rocket launch in the background?
The Market Snapshot
Real talk: The commercial property market here is competitive. Industrial warehouses? Retail spaces? Prime spots get locked in before you finish your latte. But don’t let that scare you—it just means you need to bring your A-game.
Expect average price-per-square-foot rates to vary based on property type and location. Coastal retail? Higher-end. Inland industrial? More budget-friendly. The key is knowing what aligns with your goals.
Steps to Take Before You Dive In
1. Define Your Purpose
Are you looking for a space to house your own business, or is this a long-term investment? Are you looking to own or lease? Understanding your goals will shape your entire strategy—from property type to location.
2. Budget Like a Boss
Sure, the Space Coast is less expensive than Miami, but you’ll still need a solid financial plan. Include everything: purchase price, taxes, insurance, maintenance, and any potential renovation costs.
3. Scout the Right Team
No one goes into the real estate battlefield alone. Partner with a local commercial real estate agent who knows the Space Coast market like the back of their hand. (Pro tip: Make sure they’re as obsessed with details as you are. Bonus points if they’ve got an unhealthy relationship with spreadsheets.)
4. Research Zoning Laws
Looking to open a restaurant with ocean views? Or a tech startup office near Cape Canaveral? Zoning laws can make or break your vision. Do your homework or risk a rude awakening after the purchase.
What’s Trending?
Mixed-Use Properties: Think retail below, offices or apartments above. They’re in demand for their versatility and ability to attract foot traffic.
Green Spaces: Eco-friendly buildings and solar-powered infrastructure are becoming selling points. Investors with sustainability in mind are ahead of the curve.
Small Warehouses: As e-commerce continues to dominate, compact distribution centers are hot commodities.
Mistakes to Avoid
Skipping Due Diligence: Think you’ve found the perfect spot? Double-check environmental concerns, hidden costs, and structural integrity.
Overlooking Future Development Plans: That quiet area you’re eyeing? It might be next to a future highway or high-rise complex.
Neglecting Local Insights: The Space Coast isn’t a one-size-fits-all market. Each town has its quirks, so don’t assume what works in Cocoa Beach will work in Titusville.
Ready to Take the Leap?
If you’re ready to capitalize on one of Florida’s fastest-growing markets, it’s time to get moving—literally. Commercial Property on Florida's Space Coast isn't available for long.
Our team at Reach is ready to support you and turn your vision into reality. Contact us today to secure whats still available.
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