Commercial Real Estate 101 

Seven Ways to Prepare for an Industrial Property Search Heading into 2022

The landscape for acquiring industrial property has changed dramatically over the past year. After brick-and-mortar retail came to a screeching halt in early 2020 due to the COVID -19 pandemic, online purchases soared, and since then, retailers have been leasing the existing industrial warehouse space in Columbus, Ohio, at an unparalleled pace. The NAI Ohio Equities Industrial Property Team explained that their business has flip-flopped with the majority of their 2021 representation being on the tenant side, where it has traditionally been on the landlord side. Industrial warehouse space is…

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Commercial Real Estate 101 

What You Should Know About a Broker Opinion of Value

What is the Difference Between a Broker Opinion of Value and an Appraisal? Both a Broker Opinion of Value (BOV) and an appraisal utilize the same approaches to determining the value of properties, however, there are some key differences. To begin, an appraisal is performed by a state-licensed third party and performed at a cost. Specifically, in terms of commercial real estate, the cost may be significant. Often, a BOV is at little or no cost, as many brokers provide this service as a means of earning representation for the…

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self storage units Commercial Real Estate 101 

Looking for an Investment Property? Self-Storage May Offer a Unique Opportunity

September commercial real estate transactions remained steady and accounted for roughly 325,000 sq. ft. in sold or leased, office, investment, industrial, and retail properties in our office. One of our largest sales was 485 Lee Street in Belpre, Ohio. The self-storage facility featured nearly 78,000 sq. ft. of rentable space and an astounding 465 units. Self-storage continues to be a desired investment sector, and has gained significant interest recently for several reasons. To begin, explained Investment Team Broker, Tyler Watkins, self-storage properties tend to be easier to manage and have…

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Commercial Real Estate 101 

Industrial CRE: the party isn’t over yet!

Real Capital Analytics (RCA) has released their latest US National All-Property Index data for industrial, apartment, retail, and office sectors, which shows index growth of 8.4% year-on-year to April 2021. The biggest gains were evident in Industrial (up by 9.4%), which we all know has been one of the few spaces for which Covid-19 proved to be a boon. But GlobeSt analysis of Crexi data and Moody’s Analytics suggests that a “market correction” may be on the cards In the monthly Crexi National Commercial Real Estate report, they write, ‘for…

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Commercial Real Estate 101 

3 Ways Brokers Can Protect Their Data

It’s 2021 and nothing is more valuable than data. In today’s world of business, data is gold. For commercial real estate, data has been playing an imperative role in shaping successful strategies. From small boutique brokerages to global firms, being data-driven is a must to keep pace with the industry’s contemporary movements. When it comes to data, the most important thing is knowing how to properly leverage the information. Having data is necessary, but the value of data depends on how it’s used. As businesses strive to better flex their…

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open office space Commercial Real Estate 101 

Space: the Not-So-New Amenity Everyone Wants

Commercial real estate trends are always adapting. The best-selling features of today aren’t always the same ones we’ll see tomorrow. In this business, keeping up with the latest requires due diligence into the market’s hottest items. The ebbs and flows of tenant demands make it imperative for CRE pros to stay abreast of what’s selling and what’s not. Right now, a new trend is emerging on the radar of real estate development. No, it’s not a new technology or lifestyle toy – it’s space. Space has always been a popular…

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industrial tenants Commercial Real Estate 101 

These Rapidly-Expanding Industrial Tenants Should be on Your Radar

Commercial real estate’s industrial sector is constantly moving and shaking – and right now, there is too much activity in the warehousing scene to ignore. Namely, there are a few big players in the industry that deserve your attention. The warehousing arena is seeing massive expansion – but, these acquisitions aren’t generated from a myriad of players. Instead, it’s just a few rapidly-expanding tenants who’ve all got their eyes on the prize. While they continue to absorb industrial space, make sure you know whos-who in today’s warehousing landscape. These are…

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Commercial Real Estate 101 

Things to Watch in the Medical Office Space

At the introduction of the pandemic, there was much talk circulating the industry regarding the medical space. This was a natural response to a health-centric global crisis, and as all eyes fell on CRE’s medical sector, it was still a time of great uncertainty. During the early months of COVID when nobody knew how intense the stakes may get or how long it all would last, medical office tenants were planning to expand their ground presence while simultaneously flexing their digital capacities. But, it’s been months, and the conversation has…

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Commercial Real Estate 101 

3 Reasons 2020 is Great for Multifamily Investing

At a time when many of CRE’s sectors are taking hits from all sides, 2020 is going to be a strong year for investment in multifamily. We’re already approaching Fall, and despite all the external turbulence, multifamily investment has been standing its ground – and doing considerably well. We’ve seen a pandemic, a nationwide market closure, and a global disruption to business – and even so, the multifamily outlook has remained strong. Multifamily investing provides a strong and stable outlook this year and beyond. Here’s why 2020 is a offers…

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Commercial Real Estate 101 

5 Things to Know About Opportunity Zones Right Now

The coronavirus pandemic has undoubtedly shaken up every market in the country. While all eyes are on Class A cities to see how the very best in the game are faring during these times, other locations aren’t getting much consideration. In the middle of all of this market-madness, how are opportunity zones doing right now? Opportunity Zones 101 Opportunity zones are officially defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” This system was introduced with the 2018 Tax Cuts and Jobs…

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