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
CRESCO Real Estate Wins Big at 2018 NAIOP Awards
Cushman & Wakefield | CRESCO Real Estate is celebrating a handful of wins from the 2018 NAIOP Awards of Excellence. The NAIOP Awards of Excellence recognizes the best real estate transactions, projects and individuals throughout the previous year within the industry. Winners are chosen by clients, colleagues and fellow real estate brokers. Cleveland’s largest commercial … Continued
Cybersecurity Has a Major Capital Opportunity
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
Multi-Tenant Distribution Warehouse Outlook
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
Cushman & Wakefield | CRESCO Real Estate hiring Senior Project Manager
Cushman & Wakefield | CRESCO Real Estate is hiring a Senior Project Manager. You can find more information regarding this opportunity below. SUMMARY The Senior Project Manager’s role is to manage the design, development, and implementation of Project & Development Services on behalf of the client, using established processes, experience, and expertise to execute a … Continued
Q1 2018 U.S. Shopping Center Market Beat
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
Industrial Investor Outlook & Trends
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
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.