Businesses, developers may find significant opportunity west of Cleveland
Real estate conditions, broadly, on the west side of Greater Cleveland can be characterized as opportunistic, says Brian Smith, Vice President at Cushman & Wakefield | CRESCO Real Estate. “The West Side provides certain things that you can’t get on the other side of town,” Smith says. “There’s better access to the highway systems and … Continued
Read moreIndustrial real estate’s continued tightness challenges buyers and tenants
The industrial real estate market is currently thriving and stands as one of the most robust sectors within the commercial real estate industry. “There is widespread demand and historically low vacancy across the country,” says Maureen Anter-Ressler, a Senior Associate at Cushman & Wakefield | CRESCO Real Estate. “And because of those two factors, both the … Continued
Read moreThe Right Fit: How Organizations Big and Small Are Leveraging Co-working Spaces
Co-working spaces are becoming increasingly popular as businesses large and small leverage the flexibility they provide. The arrangement allows organizations or individuals to lease either an individual office or workstation and share amenities such as conference rooms, lounge areas and more, splitting the costs with other tenants. It offers privacy for those looking to put … Continued
Read moreShrinking Industrial Real Estate Options in Northeast Ohio Drive Up Tenant Costs
The Northeast Ohio industrial real estate market continues to tighten, with the vacancy rate at a historically low 3 percent. For tenants on a lease that need to stay in their current building or need to move because their requirements have changed, these conditions leave very few alternatives. “As recent as five years ago, when … Continued
Read moreIs Cleveland the Next 18-Hour City?
Cleveland is a rising 18-hour city, and we have the potential to become one of the most vibrant and livable cities in the Midwest. To achieve this, we have to invest in education & jobs and overhaul our infrastructure to meet the needs of a new generation of city dwellers and employers. Those planning efforts … Continued
Read more5 Important Commercial Trends for 2023
As we approach the end of 2022, it’s natural to start thinking about what the next year might bring for the commercial real estate market. Here are five commercial real estate trends that we expect to see in 2023: 1. Continued growth of e-commerce and the need for warehouses and distribution centers The COVID-19 pandemic … Continued
Read moreWhat Is a Sale-Leaseback, and Is It Right for Me?
Commercial real estate investors are facing an interesting market in Cleveland, with interest rate increases and construction costs, many are wondering if it’s time to consider a sale-leaseback. Simon Caplan, SIOR, a partner at CRESCO Real Estate, recently sat down with Smart Business to discuss who should consider a sale-leaseback, especially in this tight industrial … Continued
Read moreResilience of Retail
Everybody loves retail. It’s the most tangible, most visible, most experienced form of commercial real estate. From teens loitering at a coffee shop to Grandma’s visit at a bakery, everyone has an insight about “what they should do” when it comes to retail. E-commerce and COVID demonstrated retail’s resilience; it’s a stronger asset class today … Continued
Read moreQ4 2021 Cleveland Industrial MarketBeat Offers Market Insight
At Cushman & Wakefield | CRESCO, we monitor our local real estate market down to the transaction level to give our clients the clearest view of the marketplace. We use the data to provide counsel, insights and forecasts. Others use it to understand the market and complement the decision-making process. Industrial rents in Cleveland are … Continued
Read moreLooking Back at the 1918 Pandemic in Cleveland
Just over one century ago, the 1918 pandemic—better known as the Spanish Flu—ravaged the globe. An estimated 500 million people, or one-third of the world’s population, became infected with the virus between 1918 and 1920. Tens of millions of people around the world were killed within the span of several months. As our nation struggles … Continued
Read moreData Center Real Estate Investment Potential
Considering investing in data center real estate? According to many industry experts, it’s a smart idea. As digital data becomes increasingly critical to both business operations and end consumers, our national need for data centers is continuing to rise as well. This growing demand presents a hot opportunity for commercial real estate investors seeking to … Continued
Read moreUsing COVID-19 Downtime to Benefit Your Distribution Center
There is no denying that COVID-19 has disrupted the global supply chain. China’s role as the “world’s factory” means that any disturbance in production or transportation within China will surely impact businesses around the globe, as we’ve seen clearly over the past months. The economic effects of the coronavirus pandemic are not within any individual … Continued
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