Strongsville Undaunted By A Challenging Year
By Ken McEntee
Strongsville’s four business parks
continued to thrive in 2020, according to Brent Painter, the city’s director of economic development. Overall, the four business parks had a 95 percent occupancy rate, while the largest park – the Strongsville Business & Technology Park, commonly referred to as the Foltz Industrial Park – achieved a robust 97 percent occupancy rate, Painter reports. Investment in the city strengthened in 2020, revenue from Building Department permit fees increased by 26 percent – to just short of $1 million – compared to 2019. According to CoStar, a provider of commercial real estate information, analytics and online marketplaces, a national provider of commercial real estate information and analytics, the Strongsville/North Royalton region bested its Cleveland Area Industrial Market peers with an average market rent rate of $6.61 per square foot, topping Westlake/Rocky River ($6.40) and Solon ($6.19), Painter noted. In comparison, the overall average for the Cleveland area was $5.51 per square foot. “One reason why Strongsville business parks are so attractive is our strategic location,” Painter explains. “The Ohio Turnpike and I-71 intersect in our city, providing excellent access to the entire country, and the airport is just minutes away.” But the makeup of the community itself, Painter says, also makes it attractive to businesses looking to start up or relocate. “Businesses need to be assured that they have access to a quality talent pool,” he says. “Offering a high quality of life and abundant amenities - like ample retail and service options and recreational areas like the
OPEN FOR BUSINESS: A bird's eye view of Strongsville's iconic water tower and local businesses beyond; signage for Foltz Park, just one of the four business parks located within Strongsville; the ribboncutting ceremony (left) for City Barbeque in June, 2020.
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