A Retail Tenant’s Market: COVID-19’s Impact on CRE
The pendulum has swung. Just a few short months ago, the future of commercial real estate looked bright and landlords had little trouble keeping their vacancy rates low. Now, in the wake of the COVID-19 pandemic, tenants have the upper hand. As economic uncertainty sweeps across the nation, small businesses are being hit hard. Many … Continued
Read moreBlend and Extend Lease Amendments
Blend and Extend Lease Amendments in the Time of COVID-19 Navigating lease terms in the face of large-scale economic uncertainty can be immensely challenging for both commercial landlords and tenants. During the COVID-19 pandemic, there have been many discussions about rent reductions, abatements, and evictions. Commercial tenants and landlords alike are concerned about declining income, … Continued
Read moreInterview with Eliot Kijewski, Senior Vice President at CRESCO
Interview with Eliot Kijewski, Senior Vice President at CRESCO Eliot Kijewski (SIOR) is the Senior Vice President at Cushman & Wakefield | CRESCO Real Estate. With more than 15 years in the commercial real estate industry, Eliot discusses how the times have changed as a result of the COVID-19 pandemic, and dives into the key … Continued
Read moreRecovery Readiness: A How-To Guide for Reopening Your Workplace
Recovery Readiness: A How-To Guide for Reopening Your Workplace As the nation continues to discuss plans for lifting stay-at-home restrictions, there is no doubt that the coming weeks and months will be a critical period of time. American workplaces will be tasked with adapting to unprecedented health and safety concerns with a “6 Feet Office” … Continued
Read more6 Feet Offices – Office Space Design Post COVID
6 Feet Office: The New Normal As our Greater Cleveland community continues to adapt to life in the time of COVID-19, there is one lingering question on everyone’s minds: when will this all end, and when will we be able to go back to the way things were? While none of us possess a crystal … Continued
Read moreLooking Back at the 1918 Pandemic in Cleveland
Looking Back at the 1918 Pandemic During the Time of COVID-19 Just over one century ago, the 1918 pandemic—better known as the Spanish Flu—ravaged the globe. An estimated 500 million people, or one-third of the world’s population, became infected with the virus between 1918 and 1920. Tens of millions of people around the world were … Continued
Read moreUsing COVID-19 Downtime to Benefit Your Distribution Center
How to Use COVID-19 Downtime to Benefit Your Distribution Center There is no denying that COVID-19 has disrupted the global supply chain. China’s role as the “world’s factory” means that any disturbance in production or transportation within China will surely impact businesses around the globe, as we’ve seen clearly over the past months. The economic … Continued
Read more5 Things for Commercial Landlords to Consider During the COVID-19 Crisis
There is no denying that the COVID-19 pandemic will have an impact on the U.S. economy, especially as disruptions to supply and demand continue. In the wake of all this uncertainty, many commercial landlords and tenants have expressed a growing sense of anxiety. During this time of rapid change, it is important for commercial landlords … Continued
Read moreHow Manufacturers Can Aid the U.S. Response to COVID-19
As our Northeast Ohio community continues to adapt to new “stay at home” orders, many local manufacturers remain open and hard at work. Manufacturing is an essential industry, and plays a critical role in maintaining the regional and national supply chain. In this time of crisis and uncertainty, many manufacturers have also expressed a deep … Continued
Read moreCoronavirus & Commercial Real Estate: We Are Offering Virtual Showings
With Ohio currently under “stay at home” orders from Governor Mike DeWine, many commercial property owners, tenants, buyers, and sellers are left wondering what this means for their planned real estate transactions. Non-essential businesses (including restaurants, bars, barbershops, nail salons, and entertainment venues) have been forced to close in an effort to slow the spread … Continued
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