Commercial Real Estate 101 

Beyond the Deal: Four Essential Steps Now That You’re Closing on Your Commercial Property

Your offer has been accepted, you’ve completed your due diligence, and you’re closing on your commercial property – so, what’s next? Whether you are a commercial property owner or tenant, there are still more details to attend to. From preparing your space for occupancy to budgeting for long-term capital expenses, these are the must-do’s now that you’re closing. 1. Prepare the Space for Occupancy Now that you’ve found the perfect space for your business, or secured the ideal tenant, it’s time to begin making it your own. You’ll need to…

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July Closed Transactions

July was a strong month for our brokerage with 18 closed transactions totaling 328,288 square feet – six of which were multimillion-dollar transactions. Once again, the Office Brokerage Group of Matt Gregory, SIOR, CCIM, Andy Dutcher, SIOR and Philip Bird, SIOR had the largest transaction of the month with the sale of 400 E. Campus View for $7.5 million. The 12-acre site, which is home to an obsolete one-story office building in the Crosswoods neighborhood of Worthington, was sold to Champion Cos. for redevelopment. Champion Cos. will build 395 units…

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The Evolving Role of the Property Manager and the Tenant Experience

The role of the commercial property manager has evolved. Office vacancy rates continue to remain high due to work-from-home and hybrid policies and tenants are seizing the opportunity to upgrade their space. The flight to quality – a migration to amenity-driven spaces in walkable mixed-use communities, has posed a dilemma for building owners, property managers, and brokers, with a surplus of aging office space that continues to sit on the market. As a result, property managers are now finding that they have become curators of the “tenant experience” to compete.…

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What You Need to Know About Starting a Career in Commercial Real Estate

So, you’re interested in a career in commercial real estate but want to learn more about what it’s like and how to get started. You’re in the right place. What Does a Commercial Real Estate Agent Do? As a commercial real estate agent your job is to assist clients in buying, leasing, or selling commercial properties which can include office, industrial, retail, and multifamily properties. Each of these product types can become even more specialized, but generally, these encompass the main market segments. The depth of broker specialization is largely…

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May Closed Transactions

May brought a slight uptick in activity over the prior month with our brokerage department completing 20 transactions equating to more than 159,000 square feet. The Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird had the largest transaction of the month with the sale of 5051 Forest Drive, an 8,650-square-foot freestanding medical office condo in New Albany. Office transactions accounted for 38% of the month’s closed transactions, indicating that there is a demand for the right size and type of office space. Industrial transactions, however, remain the…

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NAI Ohio Equities Wins Seven Awards During Columbus REALTORS® Commercial Recognition Awards

Three NAI Ohio Equities’ teams won big during the 2022 Commercial Recognition Awards hosted by Columbus REALTORS® on May 16, 2023. Overall, seven awards were taken home by the Office Brokerage Group, the Industrial Property Team, and the Sheeran Semon Team. In 2022, these three teams alone completed 200 transactions equating to more than 3.7 million square feet. Our brokers are proud to earn this recognition and to be members of both Columbus REALTORS® and the Central Ohio Commercial Information Exchange (COCIE) which signifies our commitment to the Columbus real…

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Creating Space: Office Design Trends for 2023

Office design is continuing to adapt to ongoing philosophical shifts in the workforce. As employers have settled into their post-pandemic workplaces, whether it be hybrid, remote, or full-time returns – flexibility and agility in the workplace remain essential. We sat down with Kaitlin Kingrey, Studio Lead – Interior Design – Workplace at MA Design to glean some insight into both the dynamics at play and the resulting emerging trends. What trends are guiding office design in 2023? We continue to see flexible, agile spaces to support different styles of working.…

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April Closed Transactions

Our brokerage department completed 17 transactions in April with 47% of them being multimillion-dollar deals. Overall, the brokerage department sold or leased more than 594,000 square feet. The month’s largest transaction was a lease completed by the Office Brokerage Group of Matt Gregory, Andy Dutcher, and Philip Bird at 121 W. Wilson Bridge Road. The team completed nearly half of all closed transactions for the month. John Mally successfully closed the second largest transaction of the month with the sale of 1803 Hazelton Etna Rd. in Pataskala, a dairy farm…

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March Closed Transactions

Transactions in our brokerage department gained momentum during March. Overall, our brokers closed 24 transactions equating to more than 167,621 square feet. Industrial transactions again led the month and made up roughly 42% of overall transaction volume, followed by office transactions which equated to 29% of overall transaction volume. Our overall largest transaction of the month was a retail transaction. The team of Dan Sheeran Sr., Dan Sheeran Jr., and Mike Semon represented the buyer at 1149 S. Hamilton Road which was purchased for $1,365,000. The Sheeran Semon Team also…

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February Closed Transactions

February was a big month for large transactions at NAI Ohio Equities. Of the month’s 15 closed transactions, 90% of transaction revenue stemmed from four deals. Overall, our brokerage department closed on more than 680,000 square feet and 93 acres with the majority of transactions being industrial or office sales or leases. The team of Curt Berlin, Matt Osowski and Blake DeCrane represented the tenant on the month’s largest transaction. Inno-Pak, which announced last August that it would relocate from the 54,000-square-foot facility it has occupied since 2006 and expand…

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