Broker Spotlight: Eliot Kijewski
Taking exceptional care of clients comes naturally to Eliot Kijewski. Although he initially thought he wanted to climb the corporate ladder after graduating from John Carroll University, he quickly realized his passion for sales so he shifted course to becoming a rep for a local industrial giant. He always had an interest in real estate, … Continued
Read moreOhio City and Tremont Featured in Cushman & Wakefield’s National “Cool Streets” 2019 Report
Read the Ohio City | Tremont Cool Streets Research Report Ohio City / Tremont is one of North America’s top 20 “Cool Streets”, according to global real estate company Cushman & Wakefield. The coveted spot in Cushman & Wakefield’s Cool Streets report earns the neighborhoods attention from the firm’s 51,000-plus real estate professionals and their … Continued
Read moreBack to Business
The summer season is winding down, and businesses are preparing to shift into the fourth quarter. One in three small business owners say that Q4 tends to be the most profitable—and also the busiest—time of year, especially those in the retail and restaurant industries. As we close out the summer season and roll into October, … Continued
Read moreSpace Matters: How Space Measurement Affects Total Occupancy Cost for Tenants
By: Bill Saltzman, CCIM, SIOR Executive Vice President | Director of Office Services One of the most important, but least understood aspects of leasing commercial space is understanding square footage and how it impacts total occupancy cost. Space measurement is a complicated process that requires persistent attention to detail and there are numerous factors one … Continued
Read moreThe Hive: Cleveland’s Newest Tech Community
By: Jordyn Grzelewski, The Plain Dealer When Chad and Svetlana Kertesz purchased a property on the edge of Ohio City and the West Bank of the Flats last year, the six-floor building was vacant save for one tenant. Now, after undergoing what the couple described as “cosmetic renovations,” the building at 2019 Center St. – … Continued
Read moreMall Real Estate – The Future of America’s Malls
According to Coresight research, 5,994 stores have announced they will close their doors while 2,641 have announced openings as of April 2019. U.S. retailer store closures so far this year surpass the number of closures from last year: 5,684. With all of the mall closings in the U.S., it is easy to think that retail … Continued
Read moreRECon 2019: The Retail Revolution
Our retail team joined more than 30,000 people at this year’s International Council of Shopping Centers (ICSC) RECon 2019: the leading conference for the retail real estate industry that provides attendees the opportunity to connect with retailers, tech companies, and learn the latest trends from the industry’s top professionals. The news coming out of this … Continued
Q4 2018 Cleveland Office MarketBeat Report Now Available
Fourth quarter 2018 was another strong quarter for commercial real estate in the office market across northeast Ohio, with vacancy rates dropping to 8.2% and asking rates jumping up an average of $17.66 per square foot (psf) gross. Rental rates in both the CBD and the suburban markets continue to climb at a modest pace, … Continued
Q4 2018 Cleveland Industrial MarketBeat Report Now Available
The Cushman & Wakefield I CRESCO Q4 2018 MarketBeat Industrial report has been published. Market vacancy in Northeast Ohio Industrial real estate decreased reaching 3.4% at the end of 2018 and leasing activity was up significantly for both industrial and office services/flex with 1.9 million square feet (msf) of renewals and new leases in the … Continued
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
Clicks-to-Bricks – Holiday Shopping is Full Speed Ahead
By Garrick Brown, Vice President of Retail Intelligence and Ben Conwell, Senior Managing Director and head of Cushman & Wakefield’s newCommerce Initiative With Thanksgiving, Black Friday and Cyber Monday rapidly approaching, Cushman & Wakefield’s resident experts on bricks-and-mortar retail and eCommerce are providing their take on the looming holiday shopping season. Brown: First off, the holiday shopping season isn’t … 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