Blog

Looking Back at the 1918 Pandemic in Cleveland

Looking Back at the 1918 Pandemic During the Time of COVID-19 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 … Continued

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The Investment Potential of Data Center Real Estate

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

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Using COVID-19 Downtime to Benefit Your Distribution Center

How to Use 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 … Continued

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7 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

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Real Estate Trends & Economic Highlights from 2010-2019

Decade in Review: Real Estate Trends & Economic Highlights from 2010-2019 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 … Continued

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Ohio 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

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Back 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

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Space 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

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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

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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

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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