Blog

The Blockchain Revolution: Is Commercial Real Estate Next?

There’s probably no way you’ve been in Cleveland over the past 6 months and haven’t heard of Blockchain. Blockchain is a shared digital ledger of transactions recorded and verified across a network of participants in a tamper-proof and visible chain and has implications and potential for countless industries, including Commercial Real Estate. The Blockland Solutions Conference … Continued

Q3 Cleveland Industrial MarketBeat Report Now Available

The Cushman & Wakefield I CRESCO Q3 MarketBeat Industrial report has been published. Third quarter 2018 saw market vacancy in Northeast Ohio industrial real estate increase 40 basis points to 3.9%. New construction delivered 1.2 million square feet (msf) during the third quarter with 2.4 msf currently under construction. User sales activity continued to remain … Continued

Automotive Aftermarket Industry Thriving in eCommerce Revolution

By Jeff Green and Ben Conwell There has undoubtedly been a dramatic shift in the retail industry over the past several years. Consumers can purchase almost anything from the comfort of their own homes and have it on their doorsteps within hours. eCommerce has become the new norm, and the trend is forcing some retailers to downsize, consider … Continued

Why Space Matters: Density

By David Smith Trends in office space usage since the Great Recession point toward tighter layouts. Occupiers have been looking for ways to shrink the amount of square footage allocated per employee. Currently, the national average is 194 square feet per employee, which is down 8.3% from 2009. The pace was especially strong in the first four years … Continued

8 Things You Should Know About Coworking Space in 2018

By Jeff Lessard A transformative change has taken place in recent years – with the concept of coworking evolving from an alternative to a traditional office lease for start-ups and freelancers to becoming an integral component of bona fide corporate real estate portfolios. Here are eight key concepts for 2018 and beyond. Flexibility is King. Flexibility tops … Continued

The Coworking Phenomenon: Here to Stay?

By H. Cribb Altman Several transformative office trends have emerged in commercial real estate in recent years. Among the most notable is the proliferation of coworking space. Coworking has ballooned onto the scene, with a number of new operators coming into the market. Forbes reports that, as of the end of 2017, an estimated 1.2 million people had worked out of coworking locations. … Continued

Commercial Real Estate Evolving on a Daily Basis

The commercial real estate market changes almost on a daily basis and many reasons exist to why. According to David Leb, sales associate at Cushman & Wakefield | CRESCO Real Estate in Independence, and Scott Simon, president of North Pointe Realty in Mayfield Heights, the market can change for a number of reasons. “There is … Continued

Multi-Tenant Distribution Warehouse Outlook

By Jason Tolliver Smaller Warehouse, Bigger Performance The multitenant distribution (MTD) warehouse segment is generally described as warehouse/distribution buildings with small-to-medium footprints (typically 200,000 square feet or smaller), often with column spacing of 40 feet by 40 feet and clear height under 24 feet. Traditionally, tenants of these facilities tended to be local and regional distributors. … Continued

Q1 2018 U.S. Shopping Center Market Beat

By Garrick Brown and Pam Flora Strong economic fundamentals carried into 2018 with the U.S. unemployment rate remaining unchanged at a low 4.1%, and competition for both skilled and unskilled workers putting upward pressure on wages. Consumer confidence remains at a historically high level indicating future growth. These consumer metrics are all positive signs for a strong retail … Continued

Industrial Investor Outlook & Trends

By Michael Schaeffer The U.S. economy is poised for even more growth – at least according to the latest economic data on consumer spending, global trade manufacturing, intermodal rail volumes and other metrics. According to our firm’s U.S. Macro Forecast real GDP has averaged about 2% growth per year throughout the last economic expansion, and business … Continued