Blog

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

Why Mentorship Matters: A Two-Way Value Exchange

Mentorship means paying it forward by recognizing and nurturing the potential in another professional. This is particularly meaningful for women who have so much to gain from a mentor’s guidance on how to successfully lead in a male-dominated industry. The WIN Mentorship Program is designed to offer our young women opportunities that encourage them to continue to … Continued

Automotive Aftermarket Industry Thriving in eCommerce Revolution

By Jeff Green and Ben Conwell There has undoubtedly been a dramatic shift in the retail industry over the past several years. Consumers can purchase almost anything from the comfort of their own homes and have it on their doorsteps within hours. eCommerce has become the new norm, and the trend is forcing some retailers to downsize, consider … Continued

Warehouse On-Demand? There’s a Service for That.

By Ben Conwell Whether it be transportation, hospitality, or food delivery, on-demand services have become entrenched in our daily lives. Now, the idea is entering the industrial real estate sector via technology platforms that connect organizations in need of warehouses with those that have extra space. Sounds straightforward, right? And the platforms are seeing success, too. … 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

Rents Rise While Unemployment Dips: CRESCO Q2 Cleveland MarketBeat Report Available

Rents keep going up. That’s obviously good if you own real estate. It’s also a good indicator of our local economy too. But, rents would climb even more in Greater Cleveland, but for serious workforce challenges. How do we know? Every quarter we do a market updates for our office and industrial clients call “Market … 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

Coworking & Flexible Office Space – Additive or Disruptive to the Office Market?

Before you go to bed tonight, another 15,000 square feet of coworking space will have opened in the United States. That is the incredible pace of growth the coworking industry has been experiencing over the past three-and-half years. Nationally, more than 5 million square feet (msf) of coworking space came online in each of the … 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

CRESCO Broker Spotlight: Connor Redman

Building isn’t something Connor Redman does… it’s who he is.  Whether making furniture at home or making deals happen for Cushman & Wakefield I CRESCO, Connor is always out to shape the future the way he sees it. Connor has been with the firm for less than a year and is already creating quite a … Continued

To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.