Greater Cleveland Commercial Real Estate Property Outlook for 2022

Cleveland is known for its resilience in the face of struggle, and that has remained apparent during 2020 and 2021’s COVID-19 pandemic. The early days of the pandemic proved to be a challenge no one expected, and commercial real estate lending hit a brick wall, briefly. But as the economy recovers, we are now seeing … Continued

The Flats Spotlight in Downtown Cleveland

Cleveland’s neighborhoods and districts are each eclectic in their own way, but Downtown Cleveland’s Flats District shines as a beacon of commerce, business, residential splendor and entertainment. With views of the majestic Lake Erie and Cleveland’s skyline, a diverse mix of bars, restaurants and music venues along the river, a huge boardwalk, water sports and … Continued

Cleveland Walls! Brings Stunning (and Visitors) Murals to the MidTown Neighborhood

This note was featured in our September 2021 Newsletter. If you are interested in receiving this newsletter, please sign up here:  Cities nationwide often struggle with sameness. Blocks of commercial and residential properties are undifferentiated from one city to the next. Neighborhood boundaries are blurred. There’s very little that a particular area can claim as unique.  Cleveland has been making a concerted effort to combat sameness … Continued

Ohio Historic Building Tax Credits Continue to Aid Commercial Property Projects in Northeast Ohio

This note was featured in our August 2021 Newsletter. If you are interested in receiving this newsletter, please sign up here:  Bringing new life to historic properties is a passion for many of us here at Cushman & Wakefield | CRESCO. It takes a little extra effort and a lot more risk, entrepreneurship and commitment from our clients. Often, projects … Continued

Office Space Trends in Akron, Ohio

There’s no denying the COVID-19 pandemic has significantly affected every facet of our lives, including the commercial real estate market. Office space trends in Akron, Ohio, have been impacted by the pandemic, as well.  While some companies still have employees working remotely, many have returned to the office or work a hybrid schedule. Some offices … Continued

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Key Buying and Selling Land Considerations for Greater Cleveland Property Investors

Commercial real estate (CRE) is an appealing investment class because of its consistent returns, passive income and growth potential. This sector of real estate investing is becoming more popular as an alternative to traditional investments; however, not all commercial properties are considered equal. For investors to succeed in buying and selling land for CRE properties, … Continued

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Spotlight on Brook Park: Northeast Ohio Commercial Real Estate

For those looking to purchase or lease land or commercial properties, Brook Park is a treasure trove. With a population of more than 19,100 residents, it is an ideal place for businesses and families looking to be near the action, yet surrounded by parks and peaceful neighborhoods. The juxtaposition of industrial and scenic makeup, in … Continued

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5 Qualities to Look for in a Cleveland Commercial Property Management Company

When searching for a Cleveland commercial property management company, which qualities are most important depends on your needs. Still, there are a few qualities all property owners and investors should consider, including the overall reputation of the firm, the firm’s operational approach, and its knowledge of and proven track record with certain property types. Ultimately, … Continued

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Ontario Stone Lists Nearly 5 Acres of Waterfront Land in Downtown Cleveland with High Potential

As the steadfast industrial mainstay Ontario Stone consolidates and streamlines its property, the company has listed a nearly five-acre parcel of land on the West Bank of the Flats with huge potential for development. Adjacent to the newly constructed Wendy Park Bridge and Whiskey Island Connector Trail, the prime location will be accessible for pedestrians … Continued

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Warehouse Space in Cleveland and Northeast Ohio

When it comes to real estate investment, the Northeast Ohio area is not lacking in warehouse space. It’s not a secret that the pandemic has led to some major retail stores closing their doors, causing a shift in the need for retail space to a need for other types of commercial spaces such as warehouses.  … Continued

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Greater Cleveland Shopping Centers: Key Retail Real Estate Trends

Simon Caplan, a partner at CRESCO Real Estate, recently sat down with Smart Business to discuss the current commercial real estate market, including the state of retail and Cleveland  shopping centers. He discusses how some retail spaces were converted to warehouses or used for non-retail purposes due to the COVID-19 pandemic, highlighting how retail property … Continued

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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.