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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

Emerging Breed of Data Center Investors Bringing New Strategies to Market

By Dave Fanning, Director, Data Center Advisory Group and Kevin Imboden, Director of Research, Data Center Advisory Group A variety of new players have entered the data center arena in recent years, each having a unique perspective and investment strategy to share with major cloud clients and smaller colocation customers. These investors are attracted to the growing data … Continued

Tax Cuts Kick In and the Economy Takes Off in the Second Quarter

By Ken McCarthy, Principal Economist The U.S. economy accelerated sharply in the second quarter of 2018 as the effects of the tax cuts enacted at the end of 2017 were felt. U.S. gross domestic product (GDP) grew at a 4.1% annual rate, up from 2.2% in the first quarter and the strongest reading since the third … Continued

Driving Diversity in Commercial Real Estate

By Trixy Walker, Property Manager at Cushman & Wakefield As a female in a male-dominated profession, the road to success has not always been an easy road traveled. There have been a unique set of challenges that I have experienced as a woman in commercial real estate, an industry that has historically been a “boys … Continued

Three Things You’re Not Asking For in Your Lease Renewal Negotiations

By David Eske Renewing a lease in a hot real estate market can be a daunting task. Tenants have seen all the indications that point to a big rental rate increase—new construction, off-market transactions, and fewer “For Lease” signs. Although landlords have been looking forward to this opportunity to adjust rental rates, tenants should also … Continued