Blog

Why Space Matters: Parking

By David Smith Ride-sharing options are on the rise, and more employees than ever before are working from home or remotely. And yet, in 2018, the competition for landing a parking spot outside an office building is fierce. The average monthly cost for an office building parking spot ended 2017 at $183, which was up 6.4% … Continued

Incentives Outlook for Data Center Site Selection

By Randolph Borron There are hundreds of factors to consider when choosing a location for a new data center development, and each factor is weighted differently depending on the company’s business plan or purpose of the data center. Typically, the most important considerations for site selection decisions are taxes and access to power and robust fiber … Continued

Why Space Matters: Amenities

By David Smith Everyone, it would seem, is focused on experience as a differentiator in their business. Customer experience. User experience. Employee experience. Customer experience is the way that retail stores are competing with eCommerce disruption. Technology firms obsess over user experience to ensure intuitive software is pleasurable and personal. Companies engaged in a historically competitive … Continued

NewCommerce: Malls – Class A, and Everything Else

By Garrick Brown Malls are continuously being faced with challenges in today’s retail climate— anchor tenants closing, chain stores trying to get out of long leases, stale food courts, online shopping, and consumers no longer making the trek. So how do you distinguish between Class A malls, which are still very much thriving, and the rest of … Continued

How Millennials are Changing the Workplace

By Cribb Altman Last week, I took a step back from the commercial real estate world to attend a healthcare conference, hoping to gain a fresh perspective on an industry other than my own. One of the largest topics discussed was how the face of healthcare is being radically changed by the innovation of technology and, … Continued

8 Things You Should Know About Coworking Space in 2018

By Jeff Lessard A transformative change has taken place in recent years – with the concept of coworking evolving from an alternative to a traditional office lease for start-ups and freelancers to becoming an integral component of bona fide corporate real estate portfolios. Here are eight key concepts for 2018 and beyond. Flexibility is King. Flexibility tops … Continued

The Coworking Phenomenon: Here to Stay?

By H. Cribb Altman Several transformative office trends have emerged in commercial real estate in recent years. Among the most notable is the proliferation of coworking space. Coworking has ballooned onto the scene, with a number of new operators coming into the market. Forbes reports that, as of the end of 2017, an estimated 1.2 million people had worked out of coworking locations. … Continued

Space Matters: How Competition for Talent is Changing the Workplace

Space matters. It’s one of the core tenets of the commercial real estate industry. As companies face continued competition, corporate real estate is one their best tools to attract and retain top talent. But what goes into the space companies want has also shifted over the years. Some of the most significant changes to the … Continued

Density. Parking. Amenities. Allowances. How does your market stack up?

By David Smith The current economic expansion, now the second longest in post-war history, continues to roll onward at a steady pace. This sustained growth is creating fierce competition for high-quality labor in most industries. Savvy commercial real estate executives are working alongside senior leadership in human resources and members of the C-suite to develop real estate … Continued

Multi-tenant Distribution: Smaller Warehouses, But Bigger Performance

By Dennis Kaiser Rapid growth in e-commerce has given rise to a new type of tenant that needs to support ever-tighter delivery commitments. Healthy demand and tight supply has made multitenant distribution (MTD) among the best performing commercial real estate segments, according to research by Cushman & Wakefield’s Jason Tolliver and Clay Westbrook. They found that … Continued

Commercial Real Estate Evolving on a Daily Basis

The commercial real estate market changes almost on a daily basis and many reasons exist to why. According to David Leb, sales associate at Cushman & Wakefield | CRESCO Real Estate in Independence, and Scott Simon, president of North Pointe Realty in Mayfield Heights, the market can change for a number of reasons. “There is … Continued

Operational Flexibility is Helping Landlords Revive Dormant Properties

By Eliot Kijewski Some area landlords are finding new and better uses for industrial buildings that don’t fit the specifications today’s manufacturers desire. To turn those properties productive again, they’re re imagining them as mixed-use, residential and retail spaces that have the potential to anchor burgeoning neighborhoods. Landlords who have a shell of a former industrial-use … Continued