Blog

Is an Office Construction Tsunami Coming?

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

Consumers, computers and co-mingling … a glimpse into the future of retail

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

Raising the Roof – There’s Nowhere to Go But Up

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

Retail Trends Top 10

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

The Growing World of Flexible Office Space

By David Smith Commercial real estate is not the fastest moving of industries. That said, the coworking trend has grown rapidly and is changing how both investors and occupiers think about their real estate portfolios. Across the United States, 50% of the current stock of coworking square footage has come online since mid-2015. Most of this … Continued

Reviving Dead Malls: Not as Easy as it Seems

By Ben Conwell As you drive past an empty lot, you may come across the sign “Mall Closing.”  Undeniably over the last several years, there has been a dramatic shift in the U.S. retail industry, and it’s due in some degree to the growth of eCommerce. In 2006, there were 1,350 malls in the United States; … Continued

Multi-Story Warehouses Are the Future

By John Morris Over the last several years, the industrial real estate market has registered the strongest run on record. Thanks to economic growth, both domestic and global, and the advancement of eCommerce, Cushman & Wakefield is predicting continued growth for the sector through 2019. The challenge? Space is at a premium. It’s more difficult than ever … Continued

Toys “R” Us & Its Impact on Retail Real Estate

The recent news on Toys “R” Us and their impending closures of 180 locations only added to the sea of closure news we’ve been swimming in these past two months and will likely continue to float through this first quarter of 2018 despite the strong holiday shopping season we saw at the end of last year. As the numbers continue … Continued

Serving the Unique Real Estate Needs of Not-for-Profits

By David Lebenstein Not-For-Profits’ Unique Real Estate Needs In our practice, when we speak of not-for-profit organizations we break them down into eight groups: education and schools; arts and culture; housing and social services; religious institutions; community; healthcare; government; foundations; and labor and trade unions. Each of these groups have unique needs, missions, financial structures, decision-making … Continued

Meet Jason Laver, SIOR, Senior Vice President

What made you decide to get into commercial real estate? Having the ability to impact the growth and economic development of our region. It’s incredibly satisfying to see the tangible results of our efforts and hard work that result in job creation and/or an improved work environment for companies to succeed. What are your hobbies? … Continued

Dealmakers Live – Principal, Rico A. Pietro, SIOR

Rico Pietro, SIOR has been brokering real estate deals in the Cleveland market for more than 20 years. He was lead adviser for downtown Cleveland’s The Metropolitan at the 9 project, which includes a Marriott hotel, Heinen’s Market, luxury apartments and headquarters for Cuyahoga County offices. One of the keys to making that deal happen was the … 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.