Blog

The 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

Mall 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

RECon 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

3Q Cleveland Office MarketBeat Report Now Available

Third quarter 2018 was a strong quarter for the office market across northeast Ohio, with several high-profile CBD sales and vacancy rates dropping to historical lows. Despite rising wages across many sectors, businesses cannot keep up with the demand for products and services due to a lack of qualified workers. Supply costs have increased as … Continued

Energy Management Evolution Part 1: Optimize

By: Mike Turzanski & Lee Dunfee Part one in our series on energy management discusses optimizing current infrastructure and technology to fully inform energy management initiatives and prepare for possible new technology. Although the commercial real estate industry has slowly adopted full-scale energy technologies, evolving energy regulations and standards are prompting real estate owners and … Continued

Why Mentorship Matters: A Two-Way Value Exchange

Mentorship means paying it forward by recognizing and nurturing the potential in another professional. This is particularly meaningful for women who have so much to gain from a mentor’s guidance on how to successfully lead in a male-dominated industry. The WIN Mentorship Program is designed to offer our young women opportunities that encourage them to continue to … 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