Market Reports 

2017 Third Quarter Market Report: Commercial Real Estate Stays Hot

The central Ohio commercial real estate market continues to heat up, with both office and industrial vacancy rates remaining relatively flat. Although counterintuitive, we don’t expect to see significant reductions in vacancy even as demand increases. The reason: much of the currently available space is the same space that has been undesired by tenants for years due to lack of amenities and functional obsolescence. So if the vacancy is not falling, what indicators do we have to show the market is truly “hot”? Looking at sale prices per square foot…

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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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Market Reports 

2017 Second Quarter Market Report: A Look Back at Columbus Commons

Thanks for taking a look at our second quarter market report, albeit a little late. To those of you who are receiving this because you are a client, thank you for your business! I won’t bore you with the bragging about NAI Ohio Equities many successes and wins for 2017 except to say it has been a good year. I want to take this opportunity to take a look back at the year 2009 and a controversial decision made by our city fathers to demolish the City Center Mall in…

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News 

Fortner Fine Furnishings Consolidates Furniture and Upholstery Business to 2000 S. High St.

The historic Seagraves Fire Truck Manufacturing Facility, most recently Jet Container on the south side of Columbus has been sold to Fortner Fine Furnishings. The 230,000 SF space located at 2000-2050 S. High Street will include 25,000 SF for upholstery and restoration and another 25,000 SF for custom furniture and carpentry.   “My grandfather worked as an upholstery on the South Side of Columbus, so in a sense it is us coming back to our roots,” said Justin McAllister, President of Fortner Fine Furnishings.   Fortner purchased the building after…

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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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News 

NAI Ohio Equities Completes Sale of 555 Yearling

Hackman Capital Partners LLC and NAI Ohio Equities announced today the recent sale of 555 Yearling Road to Oklahoma-based WCOL, LLC for $3,517,900. The free-standing, 164,450-square-foot building, sold by a Hackman Capital affiliate, is situated across the street from The Columbus International Air Center Complex and just south of the Port Columbus International Airport.  The building is 100% occupied by Ryerson, one of the largest metal distributors in the industry. Ryerson will remain at the property. “This is a uniquely robust, crane-served industrial building. We’re thrilled the investment was a…

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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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