Commercial Real Estate 101 

4 Ways that Driverless Cars Could Impact the CRE Industry

Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…

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Commercial Real Estate 101 

Designations in Commercial Real Estate

At NAI Ohio Equities, we pride ourselves on being the top Commercial Real Estate company in Central Ohio. Many of our agents have put in time and energy to achieve industry designations, such as CCIM, SIOR or CPM. Those agents stand out from the crowd and provide a high level of service with our industry and company. Commercial Real Estate transactions are some of the most important decisions a business or person can make. Finding the right real estate partner is part of that decision and one that is designated…

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Commercial Real Estate 101 

Shopping Malls Turned Warehouse? CRE Might be onto Something

Over the course of the next few years, nearly 30% of all American malls are expected to close their doors and focus more heavily on online sales. It’s no big surprise that with the rise of offline to online shopping increasing at a fast pace, retailers are focusing their efforts on e-commerce business rather than the physical shopping experience. What’s to come of these empty shopping malls? New space for warehouses to launch e-commerce facilities. More shopping center and mall spaces are being repurposed for industrial distribution as e-commerce begins…

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Commercial Real Estate 101 

Three Unique Challenges During a Good Industrial Market

This is a re-post from our Industrial Property Team blog. You can find the original post here. Today’s heated market for industrial real estate has been great. However, it has created its own set of challenges that can lead to indecision and frustration for all parties involved. Let’s look at three scenarios where we see this happening. Lack of Options for Buyers/Tenants: Historically, when brokers did a property search there were numerous buildings available that would fit the requirement. With a large number of options available, the Client would feel…

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Commercial Real Estate 101 

Four Factors in Choosing Your Retail Space

When choosing a retail space to start your business or expand your franchise, there are a few things you need to remember to make sure your business will thrive. Traffic: Whether it be car traffic or foot traffic, you need to make sure people can see where you are located. Retail can live and die by traffic, so knowing your traffic counts is key. Access Points: How will people get in and out of your space? Are their multiple entry points? Will there be a left-turn lane into the area? Also, pay attention…

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Commercial Real Estate 101 

Three Ways to Use Instagram for Commercial Real Estate

Wondering how social media and in general, Instagram can work for your business? Instagram is one of the fastest growing social media sites, mainly because it is image driven instead of word driven. Here are three ways to make Instagram your new favorite social media site: Showcase your listing. Duh. Of course, this is the first reason. But, you can make it more fun than just posting a bland photo. Instead, create an Instagram Story by taking 1 photo of the inside, a boomerang (this is a .gif that quickly…

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Commercial Real Estate 101 

Why Columbus?

In the past few years, there has been a lot of talk about the “up and coming” cities in the United States. Almost every list includes our hometown, Columbus, Ohio. “What?” people keep saying, “why Columbus?” Even though we thought we could keep our gem in the midwest a secret forever, we are also proud to be included in such an amazing conversation. Here’s why: It’s Affordable. Columbus ranks number 14 on the CNBC list of “15 Cities Where you Can Live Really Well on $60,000.” It is also one…

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Commercial Real Estate 101 

Did You Know? NAI Ohio Equities is Part of a Global Network

Did you know NAI Ohio Equities is part of a global commercial real estate service network with over 400 offices and 7,000 market leaders spanning the globe? NAI has offices all over the world, so with our local expertise, combined with our global reach, we offer innovative, customized solutions and seamless service to our owners, tenants, and investors throughout Central Ohio. Our company has been in operation for over 46 years, specializing in office, industrial, retail, and land development. Whether you’re a small business in the Central Ohio area or…

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Commercial Real Estate 101 

Survival Guide to an Open Office

Although the idea of an open office environment is not new, some companies that held off on renovating, or changing their floorplan are suddenly realizing that to compete for younger employees their office environment must change. Enter the open office environment. Older employees cringe, picturing rows of tables with computers, no personal space, and noise. Lots of noise. It doesn’t have to be this way! There are a number of ways to open your office without making everyone in the office mad. Keep Offices, but Open Them Up to the…

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Commercial Real Estate 101 

Did You Know? Property Management

Did you know NAI Ohio Equities has an entire Property Management Division? We manage over 10.5 Million Square Feet of properties, including 20 residential condos and HOAs. We provide the following Property Management Services on behalf of the community in accordance with our Property Service Standard: Client Accounting Property Contracts Leasing Operations Annual Budgeting and Capital Planning Reporting Risk Management Vendor Management Tenant and Owner Operations We also offer maintenance and engineering support services at our managed properties, including responding to tenant calls, preventative maintenance, site inspections, and operational audits. The maintenance…

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