The Power Behind Our Numbers
Every market insight, every report, every data point that helps someone make a smarter decision in this industry – someone has to build that. At CRESCO, that someone behind the scenes is Dean Mimms and he’s been staying busy. Since joining last December as our Finance & Research Analyst, Dean has been doing the kind of behind … Continued
Read moreBrad Nosan Has Reentered the CRE Chat
Brokers know the market. Others have actually lived it. This is exactly what makes our new broker’s arrival, Brad Nosan, so exciting! We’re thrilled to officially welcome Brad Nosan to the CRESCO team as Vice President. And if you’ve spent any time around the Northeast Ohio real estate community, there’s a good chance that his name already rings a bell! Brad … Continued
Read moreFrom National Outlook to Local Reality: My Five Key Takeaways
National outlooks are useful, but they can feel distant. Instead of summarizing the full 2026 United States Outlook, here are five things that stood out to me for Northern Ohio real estate markets. 1. Who isn’t a data center developer? In all honesty, data center activity is not slowing in 2026. AI is now a … Continued
Read moreSecret sauce: How social media can position you — and your business — as an expert
If you are not telling your company’s story on social media, you are missing a prime opportunity to get your message out on your terms. While sending out a brochure can target one person — with no guarantee that person will even see it, let alone respond to it — sharing your message via social … Continued
Read moreJoe Barna Wins Lifetime Achievement Award at NAIOP
On May 8th, NAIOP Northern Ohio honored Joe Barna, co-founder of CRESCO Real Estate, with the Lifetime Achievement Award, recognizing his significant contributions to Cleveland’s Commercial Real Estate Industry. Joe is Cleveland real estate. Starting his career selling for Xerox, Joe wore down the shoe leather, prospecting the hardest way. He didn’t send emails or post on LinkedIn. He … Continued
Read moreBusinesses, 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 morePlug in: Tight industrial market makes being connected critical for buyers, tenants
The industrial property vacancy rate in Northeast Ohio at a historically low 2.5 percent. The cost of capital as well as a lack of new inventory coming online has made for a frustrating time for those needing new property to expand their business. Though Northeast Ohio is a market that typically gets a lot of … 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 on Earth is Going on in the Flats South?
We’ve been promised revitalization of the Flats South and the city of Cleveland is ready for it. The gentrification of a rust belt neighborhood written off as an urban casualty needs something to prime the pump and establish it as a destination. And that something is whiskey! Enter Cleveland Whiskey. In 2020 the local distiller … Continued
Read moreFinding Office Space in Cleveland – What Works for You?
The office of the past, if you go back far enough, was fraught with inefficiency. Information had to be chiseled on stone tablets and awkwardly carried from place to place. Asking for revisions was a big hairy deal. “Hey, it’s not like this is all carved in stone!” was not a thing you could say. But by the … Continued
Read moreGreater Cleveland Commercial Office Space Flexibility and the Future of Hybrid Work
What does the future of work look like? That’s the main question millions of companies are answering in 2022, as we approach our third year of the pandemic. The omicron variant proves COVID-19 is an ever-changing and ever-present threat. It’s not going anywhere in 2022, and its endurance means it’s time for companies to determine … Continued
Read moreCleveland Commercial Real Estate in 2022: Return to Office Surge Even with Hybrid Work
Returning to the Office: Our Predictions The pandemic hasn’t fully released us from its clutches, but 2022 has brought a renewed hope that the end is in sight. Vaccinations are widely available, the current industrial vacancy rate is the lowest it’s been in more than two decades at 3.5 percent, downtown businesses are prospering, and … Continued
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