Plug in: Tight industrial market makes being connected critical for buyers, tenants
The industrial property vacancy rate in Northeast Ohio at a historically low 2.5 percent. The cost of capital as well as a lack of new inventory coming online has made for a frustrating time for those needing new property to expand their business. Though Northeast Ohio is a market that typically gets a lot of … Continued
Read moreIndustrial real estate’s continued tightness challenges buyers and tenants
The industrial real estate market is currently thriving and stands as one of the most robust sectors within the commercial real estate industry. “There is widespread demand and historically low vacancy across the country,” says Maureen Anter-Ressler, a Senior Associate at Cushman & Wakefield | CRESCO Real Estate. “And because of those two factors, both the … Continued
Read moreShrinking Industrial Real Estate Options in Northeast Ohio Drive Up Tenant Costs
The Northeast Ohio industrial real estate market continues to tighten, with the vacancy rate at a historically low 3 percent. For tenants on a lease that need to stay in their current building or need to move because their requirements have changed, these conditions leave very few alternatives. “As recent as five years ago, when … 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 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 Industrial Property for Sale
Searching for an industrial property for sale in Greater Cleveland? Congratulations! Whether you are starting a new venture, growing your existing business, or simply finding a new space that better suits your operational needs, purchasing an industrial property is an exciting next step for your business. Cushman & Wakefield | CRESCO Real Estate professionals are … Continued
Read moreIndustrial Space for Lease in Greater Cleveland
Cleveland’s industrial real estate market is on the rise. Over the last decade, new construction of industrial buildings totaled 17.2 million square feet, with nearly half of that occurring within the last two years. That’s great news for businesses looking for industrial space for rent in the Greater Cleveland area, since it means there are … Continued
Read moreCommercial Real Estate in Greater Cleveland: Top Considerations
Interested in learning more about commercial real estate? Discover the most important things to consider when… Hiring a Broker Whether you are purchasing, selling, or leasing commercial real estate, hiring a broker is one of the best decisions you can make to ensure a favorable outcome. Brokers keep their fingers on the pulse of the … Continued
Read moreShopping for Industrial Real Estate in Greater Cleveland?
Purchasing or leasing industrial real estate is a major business decision. Whether you are in the process of starting a new business or are looking to expand or switch up your existing operations, your industrial property will be one of your most important assets. The space you choose for manufacturing, storage, fulfillment, or distribution of … Continued
Read moreUsing 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 effects of the coronavirus pandemic are not within any individual … Continued
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