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

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

By Kevin Imboden Each day the world creates 2.5 quintillion bytes of data, with 90% of all existing data created over the past two years alone. With more of our business and personal lives being stored and logged online, the need for cybersecurity has never been more urgent. Damages related to cybercrime are estimated to surpass … Continued

By Jason Tolliver Smaller Warehouse, Bigger Performance The multitenant distribution (MTD) warehouse segment is generally described as warehouse/distribution buildings with small-to-medium footprints (typically 200,000 square feet or smaller), often with column spacing of 40 feet by 40 feet and clear height under 24 feet. Traditionally, tenants of these facilities tended to be local and regional distributors. … Continued

By Garrick Brown and Pam Flora Strong economic fundamentals carried into 2018 with the U.S. unemployment rate remaining unchanged at a low 4.1%, and competition for both skilled and unskilled workers putting upward pressure on wages. Consumer confidence remains at a historically high level indicating future growth. These consumer metrics are all positive signs for a strong retail … Continued

By Michael Schaeffer The U.S. economy is poised for even more growth – at least according to the latest economic data on consumer spending, global trade manufacturing, intermodal rail volumes and other metrics. According to our firm’s U.S. Macro Forecast real GDP has averaged about 2% growth per year throughout the last economic expansion, and business … Continued

By Garrick Brown The restaurant business has always been subject to fads. One year, fish tacos are all the rage and the next year, it’s all about better burgers. Whether it’s avocado toast or Korean street barbeque, every new concept is vying for a permanent seat at the American table. One of the hottest trends right … Continued

By Ben Conwell We often hear from new retailer clients that Amazon is hurting their business, and “How can we compete successfully now that Amazon is seemingly everywhere?” The answer to this isn’t cut and dry because it depends on the retailer, the product offering and the target consumer. Competing with Amazon is no small task. Amazon has … Continued

By Ken McCarthy The U.S. seems to overbuild just when the economy turns down, leading to a glut of space that takes time to work off. We saw it in 2008, in 2001 and, most dramatically, in 1991, when the overbuilding was so substantial it took almost five years to work through. It happens every time, … Continued

By Justin Taylor Consumers, computers and co-mingling… a glimpse into the future of retail Disruption and retail are now somewhat synonymous. Over the last 10 years we have seen a seismic shift in consumer habits, models of retail and use of technology. Pretending that the retail sector isn’t going to change doesn’t help anyone. However, those … Continued

By Jason Tolliver Over the past 20 years, the average rentable building area (RBA) for newly delivered warehouses has increased drastically. Thanks to eCommerce and the desire to optimize “cubage” to get the most bang for your buck, buildings have been expanding both out and up. In fact, our research shows that the average ceiling height … Continued

By Justin Taylor During 2017 many questions were raised over the future of retail, with many claiming that retail as we know it was ‘dying.’ However, there is cause for optimism. If 2017 was the year of retail’s decline, 2018 is the start of the ‘retail evolution’. But what’s next beyond all this? Looking ahead, we … Continued