Black Friday’s Impact on Retail Real Estate
Black Friday 2022 was undoubtedly one for the books. Despite concerns about inflation, Black Friday sales raked in a record $9.12 billion worldwide. What’s more, in-person shopping increased nearly 3% this year compared to last, and visits to physical stores on Thanksgiving Day alone leaped 19.7%. Each holiday season is crucial to retailers’ success. … Continued
Read moreWhat Is a Sale-Leaseback, and Is It Right for Me?
Commercial real estate investors are facing an interesting market in Cleveland, with interest rate increases and construction costs, many are wondering if it’s time to consider a sale-leaseback. Simon Caplan, SIOR, a partner at CRESCO Real Estate, recently sat down with Smart Business to discuss who should consider a sale-leaseback, especially in this tight industrial … Continued
Read moreStorefronts and Retail Space: 3 Reasons They Are Here to Stay
While the COVID-19 pandemic was ravaging retail businesses in 2020 and into 2021, many assumed that the increase of e-commerce would change the retail landscape, thus eliminating the need for storefronts and retail space. In the first two quarters of 2022, retailers have opened more than 4,200 stores, exceeding this year’s store closings by 240%. … Continued
Read moreBroker Spotlight: Bill Stevens
Broker Spotlight: Bill Stevens For broker Bill Stevens, it is all about Cleveland. As the city’s self-proclaimed “biggest cheerleader,” joining Cushman & Wakefield | CRESCO Real Estate just made sense. “I’m the biggest cheerleader there is for Cleveland, my siblings are sick of hearing about what came from Cleveland, and who was born in Cleveland…” … Continued
Read more6 Questions to Ask When Looking for Northeast Ohio Warehouse Space
It’s well documented by now that the Northeast Ohio warehouse market is hot, and the perfect space is becoming increasingly difficult to find. We sat down with George Pofok, CCIM, SIOR, a principal at Cushman & Wakefield | CRESCO Real Estate, to dive into the market and explain the nuances of bulk distribution and warehouse … Continued
Read moreWhat 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 moreBroker Spotlight: Maureen Anter-Ressler
For Maureen Anter-Ressler, past business experience and an entrepreneurial family history are the perfect combination for success in the real estate industry. Since joining Cushman & Wakefield | CRESCO as Senior Associate in January 2022, Maureen has focused on industrial real estate, representing buyers, tenants, owners and landlords. She also is involved with the owner-occupied … Continued
Read moreBroker Spotlight: Alex Smith
For Senior Associate Alex Smith, a lifelong Clevelander, working in his hometown at Cushman & Wakefield | CRESCO is a dream come true. “What’s most important to me — and the big reason I got into the industry out of college — was that I really wanted to come back to my hometown and be … Continued
Read moreResilience of Retail
Everybody loves retail. It’s the most tangible, most visible, most experienced form of commercial real estate. From teens loitering at a coffee shop to Grandma’s visit at a bakery, everyone has an insight about “what they should do” when it comes to retail. E-commerce and COVID demonstrated retail’s resilience; it’s a stronger asset class today … Continued
Read moreBroker Spotlight: Ryan Fisher
For Ryan Fisher, building relationships is one of the most rewarding parts of being a retail broker. That’s a key reason why he joined Cushman & Wakefield | CRESCO as senior vice president, overseeing the retail group, in January of 2022. “I’m looking forward to growing the group with these existing relationships and expanding on … Continued
Read moreQ4 2021 Cleveland Industrial MarketBeat Offers Market Insight
At Cushman & Wakefield | CRESCO, we monitor our local real estate market down to the transaction level to give our clients the clearest view of the marketplace. We use the data to provide counsel, insights and forecasts. Others use it to understand the market and complement the decision-making process. Industrial rents in Cleveland are … Continued
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