Office Space Trends in Akron, Ohio
There’s no denying the COVID-19 pandemic has significantly affected every facet of our lives, including the commercial real estate market. Office space trends in Akron, Ohio, have been impacted by the pandemic, as well. While some companies still have employees working remotely, many have returned to the office or work a hybrid schedule. Some offices … Continued
Read moreKey Buying and Selling Land Considerations for Greater Cleveland Property Investors
Commercial real estate (CRE) is an appealing investment class because of its consistent returns, passive income and growth potential. This sector of real estate investing is becoming more popular as an alternative to traditional investments; however, not all commercial properties are considered equal. For investors to succeed in buying and selling land for CRE properties, … Continued
Read moreSpotlight on Brook Park: Northeast Ohio Commercial Real Estate
For those looking to purchase or lease land or commercial properties, Brook Park is a treasure trove. With a population of more than 19,100 residents, it is an ideal place for businesses and families looking to be near the action, yet surrounded by parks and peaceful neighborhoods. The juxtaposition of industrial and scenic makeup, in … Continued
Read more5 Qualities to Look for in a Cleveland Commercial Property Management Company
When searching for a Cleveland commercial property management company, which qualities are most important depends on your needs. Still, there are a few qualities all property owners and investors should consider, including the overall reputation of the firm, the firm’s operational approach, and its knowledge of and proven track record with certain property types. Ultimately, … Continued
Read moreOntario Stone Lists Nearly 5 Acres of Waterfront Land in Downtown Cleveland with High Potential
As the steadfast industrial mainstay Ontario Stone consolidates and streamlines its property, the company has listed a nearly five-acre parcel of land on the West Bank of the Flats with huge potential for development. Adjacent to the newly constructed Wendy Park Bridge and Whiskey Island Connector Trail, the prime location will be accessible for pedestrians … Continued
Read moreBeyond COVID-19: Best Commercial Real Estate Choices for Greater Cleveland Businesses
Is your business in the Greater Cleveland area feeling the effects of COVID-19? The future of commercial real estate is uncertain. The Covid-19 pandemic has had a significant impact on the economy, but how will it affect businesses in the long run? Some experts predict that lease prices will fall as there are more vacancies … Continued
Read moreWarehouse Space in Cleveland and Northeast Ohio
When it comes to real estate investment, the Northeast Ohio area is not lacking in warehouse space. It’s not a secret that the pandemic has led to some major retail stores closing their doors, causing a shift in the need for retail space to a need for other types of commercial spaces such as warehouses. … Continued
Read moreGreater Cleveland Shopping Centers: Key Retail Real Estate Trends
Simon Caplan, a partner at CRESCO Real Estate, recently sat down with Smart Business to discuss the current commercial real estate market, including the state of retail and Cleveland shopping centers. He discusses how some retail spaces were converted to warehouses or used for non-retail purposes due to the COVID-19 pandemic, highlighting how retail property … Continued
Read moreHow to Attract and Keep Quality Tenants in Greater Cleveland Commercial Real Estate Properties
When investing in Cleveland commercial real estate, acquiring and retaining high-quality tenants is the key to success. Good tenants will take care of the property and pay their rent on time. They are professionals who will help your business thrive and recommend your other properties to their friends and colleagues. You can implement proven tactics … Continued
Read moreMultifamily Properties (Including Apartments): Understand the Benefits of Investing
The Covid-19 pandemic sent shockwaves through the commercial real estate market, yet the mufti-family sector has long held strong against uncertainty and economic swings, including the effects of the pandemic. Known for stability and decreased risk as opposed to other asset classes, and with strong rent growth in most urban markets, the multi-family market has … Continued
Read moreSupply Chain and Industrial Real Estate in Northeast Ohio
Written By: Austin Wetzel, Sales Associate Despite the Covid-19 pandemic looming over the majority of 2020 and into 2021, the supply chain and 3PL industries have been booming. In Northeast Ohio, vacancy rates have steadily remained under 4%. With stay-at-home orders issued in 2020 and a record number of employees working from home or remotely, … Continued
Cleveland Ohio Office Space: Buy or Lease?
Buying vs. Leasing Office Space The decision of whether to buy or lease your next office space in Cleveland, Ohio involves several factors, including cash flow, recurring costs and taxes. Property cost is also key when making the decision. It is recommended to do a cost comparison for the short and long term when choosing … Continued
Read more