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EDA hears market study for triangle lot; schedules joint closed work session with City Council
Summary
IG Commercial gave a market update recommending sub‑150,000-square‑foot build‑to‑suit niche industrial as the strongest near‑term demand for the Triangle Lot. The EDA voted to hold a joint closed work session with the City Council to discuss potential purchase and public‑purpose requirements; the motion passed unanimously.
The Dayton Economic Development Authority heard a market presentation from Zach Stegard of IG Commercial about the Triangle Lot and surrounding South Dayton area and voted to schedule a joint closed work session with the City Council to discuss potential purchase negotiations and next steps.
Stegard told the EDA the market currently favors sub‑150,000‑square‑foot build‑to‑suit industrial facilities and smaller niche manufacturing projects rather than very large speculative warehouses. He cited a recent case study in which a developer (Opus) leased 87,000 square feet of a 132,000‑square‑foot building to a single tenant as an example of demand for flex/industrial product in the submarket. Stegard also said that…
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