What on Earth is Going on in the Flats South?
We’ve been promised revitalization of the Flats South and the city of Cleveland is ready for it. The gentrification of a rust belt neighborhood written off as an urban casualty needs something to prime the pump and establish it as a destination. And that something is whiskey! Enter Cleveland Whiskey. In 2020 the local distiller … Continued
Read moreFinding Office Space in Cleveland – What Works for You?
The office of the past, if you go back far enough, was fraught with inefficiency. Information had to be chiseled on stone tablets and awkwardly carried from place to place. Asking for revisions was a big hairy deal. “Hey, it’s not like this is all carved in stone!” was not a thing you could say. But by the … Continued
Read moreGreater Cleveland Commercial Office Space Flexibility and the Future of Hybrid Work
What does the future of work look like? That’s the main question millions of companies are answering in 2022, as we approach our third year of the pandemic. The omicron variant proves COVID-19 is an ever-changing and ever-present threat. It’s not going anywhere in 2022, and its endurance means it’s time for companies to determine … Continued
Read moreCleveland Commercial Real Estate in 2022: Return to Office Surge Even with Hybrid Work
Returning to the Office: Our Predictions The pandemic hasn’t fully released us from its clutches, but 2022 has brought a renewed hope that the end is in sight. Vaccinations are widely available, the current industrial vacancy rate is the lowest it’s been in more than two decades at 3.5 percent, downtown businesses are prospering, and … Continued
Read moreCongratulations to Team Members Added to Principal Ranks and Partner Emeritus
We are thrilled to announce the addition of two new principals added to our ranks, and a partner transitioning to Partner Emeritus and Senior Vice President. Longtime Partner Simon Caplan is now Executive Vice President and Principal Emeritus of Cushman & Wakefield | CRESCO in Cleveland, Ohio. Simon’s real estate career spans more than 30 … Continued
Read moreWhat to Look For in a New Commercial Office Space in Cleveland, Ohio
We all know the importance of office space. It’s where we spend most of our time working, and it can make or break productivity levels. But what should you be looking for in a new commercial office space in Cleveland? What will help boost your company to the next level? Finding the perfect office space … Continued
Read moreOpportunity Zones Are Still a Wise Investment
Are opportunity zones losing popularity? The short answer is no. Opportunity Zones are still a viable and unique real estate option that can diversify your portfolio, give you long-term tax benefits and help revitalize the community. Real estate investors have poured billions of dollars into economically distressed areas over the past five years, and these … Continued
Read moreBroker Spotlight: Rick Gardner
Several years ago, Rick Gardner, CBI, MBA, had the opportunity to sell a business along with a commercial property he was brokering. The process made sense: the client was looking to sell their property, and had planned on just dissolving the business within. Gardner saw the synergies between commercial property and business brokering and suggested … Continued
Read moreCushman & Wakefield | CRESCO Team Members Earn Prestigious NAIOP Awards
NAIOP, a commercial real estate development association, is a trade organization for developers, owners and related professionals in office, industrial and mixed-use real estate. Each year, NAIOP recognizes the achievements of real estate specialists across the country. We’re thrilled to announce four recent awards earned by team members here at Cushman & Wakefield | CRESCO. … Continued
Read moreIrishtown Bend to Become Beacon of Recreation in Downtown Cleveland
Downtown Cleveland and surrounding neighborhoods’ commercial real estate is about to get even more valuable as greenspaces improve and residents become even more connected with the urban locale. The brightest example is the current Irishtown Bend project. What was once a street wall of abandoned buildings and vacant land sliding into the Cuyahoga River will … Continued
Read moreCommercial Office and Retail Space in Downtown Cleveland – Back in Action
Despite COVID-19’s grasp, Downtown Cleveland is back to bustling. Office and retail space continues to grow as more and more employees make their way back to their downtown offices. The Downtown Cleveland Alliance’s (DCA) “recovery report” indicated 90% of employers have returned to downtown, with either full-time or hybrid models. Just in time for their … Continued
Read moreWhy Investors Should Pursue Vacant Buildings for Sale in Cleveland
Just like any investment opportunities, there are positives and negatives, as well as potential risks and rewards to purchasing vacant buildings. If you’re considering vacant buildings for sale in Cleveland, Ohio, start here for some guidance. Cons of Investing in Vacant Buildings First, let’s look at the pitfalls. Vacant buildings may present challenges in terms … Continued
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