Need Office Space in a Live-Work-Play Environment?
Downtown Phase II will include more than 138,000 sq. ft. of Class-A office space within a walking distance of stores, restaurants and neighborhoods.
110,450 sq. ft. of Class-A Office space
Less than 10% is service retail businesses & restaurants
Not a retail development
Smart technology
Parking
Demand for Premium Office Space
Currently, office space in Hudson is mostly filled, and there is a demand for more premium space. New office space downtown will help support the City's tax base by bringing new, high-paying jobs to Hudson and will support the existing stores and restaurants with new customers who live and work downtown.
Types of Businesses for Downtown Phase II
The project will attract companies that like the live, work, play environment of Hudson’s downtown. The City continues to be contacted by companies wanting to lease space when Downtown Phase II is built. The new development would attract future-friendly, high-tech firms, with high wages. These include cyber-security, financial forensics, medical technology and other companies with high-wages.
Current Office Occupancy Rates
There is a demand for Class-A office space in Hudson. Occupancy rates for current Class-A space is high, leaving little of this type of space available in Hudson.
Office Park
Occupancy Rate
HUDSON CROSSINGS BUSINESS PARK
100% (only 2 lots left to build)
GEORGETOWN OFFICES
98%
FIRST & MAIN OFFICES
100%
Is There a Market for Office Space in Northeast Ohio?
As examples, two mixed-use developments are being built in Northeast Ohio: Shaker-Van Aken District and Pinecrest. Shaker-Van Aken is building 80,000 sq. ft. of office space and 76,000 sq. ft. of that space is leased before it opens. Pinecrest is building 150,000 sq. ft. of office space, and 80% is current leased, with 90% expected by next year when the construction is completed.
Click here to see how the office density in Downtown Phase II has decreased from the project's inception.
Is There More Retail?
The retail/restaurant space proposed in Phase II is very limited and will be primarily service retail businesses and restaurants that will serve the new offices. The intent is to support First and Main businesses, not compete with current downtown businesses.
