Client Spotlight: Columbus Oncology and Hematology

August 30, 2022August 30, 2022 Alexa Broylescolumbus, CRE, Medical Office Building, mob, property management

Columbus Oncology and Hematology is dedicated to providing compassionate, quality care to its patients who have received a cancer diagnosis. It is an organization that makes every effort to make the devastating diagnosis a little bit easier to bear by removing obstacles for patients so that they can focus on getting well. From their state-of-the-art facilities and services to something as simple as moving away from a menu-driven phone system and instead, ensuring a patient experience team member answers each call and personally helps to direct it to avoid additional…

Commercial Real Estate 101

Understanding the Total Cost of Occupancy

August 9, 2022August 9, 2022 Alexa BroylesAdditional Rent, CAM, columbus, commercial lease, commercial real estate, CRE, NNN, office, rent, Rent Escalation, tenant representation, total cost of occupancy

When signing a commercial lease, there are many factors that impact your overall cost. Understanding the total cost of occupancy is important both for budgeting and developing accurate financial forecasts over time, as well as for negotiation. Recently, our Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird worked with The Joseph Group to secure a new office space. The Joseph Group had outgrown its current space of roughly 5,500 square feet and sought a space that could accommodate its current needs, but would also facilitate the organization’s…

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July Closed Transactions

August 4, 2022August 4, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, retail, transactions, Warehouse

Our brokerage department closed 23 transactions this past month equating to more than 322,000 square feet. One of the largest transactions of the month featured an office lease completed by our Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird for 605 S. Front Street in the Brewery District. The tenant had outgrown its current space of roughly 5,500 square feet and sought a space that could accommodate its current needs, but would also facilitate the organization’s anticipated future growth. However, this came with a caveat, it didn’t…

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Help Us Fill Backpacks with Hope

July 21, 2022July 21, 2022 Alexa Broylescolumbus, commercial real estate, community engagement committee, CRE, donate, volunteer, Volunteers of America

This summer, we are preparing to help kids get back to school with full backpacks by supporting Operation Backpack through Volunteers of America Ohio and Indiana. Nearly one in five children in the U.S. live below the federally defined poverty line and their families, who are balancing basic expenses such as utilities and rent or mortgages, too often, have nothing left over. Through the month of July, we will be collecting supplies and monetary donations. But more than that, we are giving children hope, by providing an equal opportunity and…

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June Closed Transactions

July 6, 2022July 11, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, land, office, retail, transactions

June was a solid month for NAI Ohio Equities despite investors proceeding judiciously as interest rates have continued to climb. Our Office Brokerage Group of Andy Dutcher, Matt Gregory and Philip Bird represented Volunteers of America Ohio & Indiana on the purchase of 81 S. 5th Street. Volunteers of America plans to redevelop the building into a treatment facility. Additionally, John Mally represented the seller on the sale of 640-660 W. Rich Street in Franklinton, which will become the new home of Pilot Dogs, a dog guide school that trains…

Commercial Real Estate 101

Do You Need a Specialist in Commercial Real Estate?

June 16, 2022June 16, 2022 Alexa Broylescolumbus, commercial real estate, CRE, data centers, hospitality, industrial, investment, land, medical office, office, religious institutions, retail, schools, self-storage, Specialization, transactions, Warehouse

From financial advisors to medical practitioners, at some point, we’ve all needed a specialist. Real estate is no different. We’re all familiar with residential and commercial real estate, but through the years, commercial real estate specifically has become highly specialized. A broker’s role has morphed into that of a real estate “advisor.” Depending on the property type and specialization, there are a slew of functions brokers perform, including financial and market analyses, demographic studies, site selection research, portfolio analysis, and more. The depth of broker specialization is largely dependent on…

Commercial Real Estate 101

Five Reasons You Should Engage a Tenant Rep to Negotiate Your Commercial Lease

June 7, 2022July 11, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, land, office, retail, tenant representation, transactions, Warehouse

Leases dominated our roster of closed transactions for May with our office signing or renewing leases equating to more than 205,000 square feet. With such a significant amount of leasing activity, we thought we’d take a deep dive into the benefits and misconceptions regarding tenant representation and share with you our top five reasons why hiring a tenant representative is beneficial! Signing a lease for a commercial property is a big commitment, and finding that perfect space is often a time-consuming and sometimes, daunting task. The good news is –…

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More SIORs At Ohio Equities Than Almost Any Other Columbus Brokerage

May 19, 2022May 19, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, office, sior

Did you know that our office has FIVE Industrial and Office specialists who have earned their SIOR designation? The Society of Industrial and Office Realtors (SIOR) designation indicates the industry’s most capable and experienced industrial and office practitioners. Around the world, there are approximately 3,600 members in 45 countries. There are only about 46 practicing who have earned the designation in Central Ohio, meaning roughly 1 of every 9 of the SIORs in Columbus work for NAI Ohio Equities. The rigorous curriculum paired with the prerequisites for experience and endorsements…

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Five Reasons CRE Investors Should Choose Columbus

March 24, 2022March 24, 2022 Alexa Broylesaffordability, attract and retain, columbus, commercial real estate, CRE, global logistics hub, growth, investors, midwest secret, millennials, real estate market, workforce

These days, investors are loving the Central Ohio real estate market. Once overlooked, Columbus has emerged as a solid investment choice. Columbus attracts both businesses and talent alike, offering investors opportunities in every market sector. With that said, here are five reasons, why as an investor, you should take a closer look at Columbus! 1. We Have the Workforce. The Central Ohio region, which consists of eleven counties, has 52 colleges and universities, including The Ohio State University, and produces approximately 22,000 college graduates annually. The region is home to…

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Community Propels Columbus Neighborhood Forward

February 28, 2022February 28, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, retail, transactions, Warehouse

NAI Ohio Equities had a strong February with more than 20 closings this month. Our office sold or leased more than 182,600 square feet, and signed or renewed leases with 15 tenants. Our featured property this month is 895 Parsons Avenue, a 9,700 square foot freestanding building on the city’s south end nestled within the neighborhood of Schumacher Place, which sits adjacent to German Village, Merion Village, Southern Orchards, and is in close proximity to Nationwide Children’s Hospital, the largest pediatric hospital in the United States. The building houses both…