Resilience of Retail
Everybody loves retail. It’s the most tangible, most visible, most experienced form of commercial real estate. From teens loitering at a coffee shop to Grandma’s visit at a bakery, everyone has an insight about “what they should do” when it comes to retail. E-commerce and COVID demonstrated retail’s resilience; it’s a stronger asset class today … Continued
Q4 2021 Cleveland Industrial MarketBeat Offers Market Insight
At Cushman & Wakefield | CRESCO, we monitor our local real estate market down to the transaction level to give our clients the clearest view of the marketplace. We use the data to provide counsel, insights and forecasts. Others use it to understand the market and complement the decision-making process. Industrial rents in Cleveland are … Continued
Looking Back at the 1918 Pandemic in Cleveland
Just over one century ago, the 1918 pandemic—better known as the Spanish Flu—ravaged the globe. An estimated 500 million people, or one-third of the world’s population, became infected with the virus between 1918 and 1920. Tens of millions of people around the world were killed within the span of several months. As our nation struggles … Continued
Read moreData Center Real Estate Investment Potential
Considering investing in data center real estate? According to many industry experts, it’s a smart idea. As digital data becomes increasingly critical to both business operations and end consumers, our national need for data centers is continuing to rise as well. This growing demand presents a hot opportunity for commercial real estate investors seeking to … 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
Read more7 Reasons to Use a Tenant Rep Broker
Tenant rep brokers (i.e. tenant representatives or tenant advisors) are commercial real estate professionals who help businesses find the best properties and negotiate the best terms. Unlike residential real estate agents, these brokers focus on office, retail, industrial, and other commercial spaces. Are you considering leasing or buying a commercial property? Read on for seven … Continued
Read moreReal Estate Trends & Economic Highlights: 2010-2019 (Greater Cleveland)
As we turn the page from the end of one year to the start of the next, it’s traditional to look back and reminisce on recent history and memorable events—especially when that new year corresponds with the start of a new decade. Cushman and Wakefield’s Decade in Review report recaps the most notable events from … 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 moreGreater Cleveland Commercial Real Estate Trends
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 moreHow 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 – USF, RSF and GSF – and how it impacts total occupancy cost. Space measurement is a complicated process that requires persistent attention to detail … 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
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