News 

Inflation, Interest Rates, Pricing Discovery and the Unknown

Buyers and sellers seem to be at a stalemate when it comes to commercial real estate transactions as of late while the market appears to be undergoing a period of ‘pricing discovery.’ After an onslaught of contributing events, including COVID-19, followed by trillions in fiscal stimulus, and later, Russia’s invasion of Ukraine and supply chain disruptions, the Federal Reserve has taken aggressive measures against rising inflation. November’s rate hike marked the fourth such action taken this year after a long-running stint of ultra-low interest rates. The rise in interest rates…

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News 

November Closed Transactions

Despite continuing interest rate increases which have begun to impact commercial real estate investments, November closed transactions remained steady at NAI Ohio Equities. Our brokerage department closed 20 transactions and leased or sold more than 203,000 square feet. Nearly one-third of closed transactions exceeded $1 million and half of all closed transactions this month were office space, signaling that demand remains. Included in those large office deals was Telhio Credit Union which sold its 96 N. Fourth Street property. Telhio, which was represented by Mike Simpson, signed a lease last…

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News 

October Closed Transactions

Activity picked up in October with our brokerage department closing 26 transactions, a 30% increase over September, equating to more than 992,000 square feet sold or leased for the month. Our featured transactions for the month were all multimillion-dollar deals, which included long-term leases and renewals. Mike Simpson represented Telhio Credit Union in its search for its newest location. Telhio signed a 10-year lease at 330 Rush Alley at The Peninsula in Franklinton. Citing a desire to be in a progressive area, Telhio sought a location that also offered building…

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News 

September Closed Transactions

September remained steady for our NAI Ohio Equities Brokerage Division and included several multi-million-dollar transactions. Overall, our brokerage department closed 18 transactions for the month and leased or sold more than 282,000 square feet. Our Office Brokerage Group closed six transactions this past month totaling more than 40,000 square feet. Matt Gregory and Andy Dutcher represented AndHealth, a disease-reversal telehealth startup led by CoverMyMeds co-founder, Matt Scantland. AndHealth will occupy 28,000 square feet at Two Miranova. The Industrial Property Team had the largest industrial closing of the month. The team…

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News 

August Closed Transactions

Our brokerage department closed 15 transactions in August. Overall, the brokerage department leased or sold more than 84,000 square feet and 102 acres, which included several million-dollar-plus transactions. Andy Dutcher, Matt Gregory and Philip Bird closed the largest transaction of the month. The team represented Dublin City Schools in the assemblage of three contiguous 32.62-acre parcels by three different sellers. The acquisition of roughly 98 acres of land, was the largest in the district’s history. The parcels were purchased for a combined $6.6 million. The Sheeran Semon Team sold a…

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Commercial Real Estate 101 

Understanding the 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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News 

July Closed Transactions

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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News 

June Closed 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…

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Commercial Real Estate 101 

Do You Need a Specialist in Commercial Real Estate?

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…

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Commercial Real Estate 101 

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

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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