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 –…

News

Post-COVID Trends In Healthcare & MOB Properties

April 7, 2022April 7, 2022 Alexa Broylescommercial real estate, CRE, healthcare, Healthy Buildings, lease rates, matt gregory, medical, Mike Simpson, mob, office, tenant improvment, transactions

Our office gained some serious momentum in March, closing 29 commercial transactions for the month. These transactions included a significant number of medical office buildings (MOBs) so we thought we’d take this opportunity to take a closer look at these notoriously stable assets and ask our experts what they are seeing post-COVID in the sector, and the trends we can expect to see in 2022. Emphasis on Healthy Buildings It’s no surprise that as we emerge from a pandemic, medical office building trends would include an emphasis on “healthy” buildings.…

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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…

News

2021: A Record-Setting Year in Commercial Real Estate

February 3, 2022July 18, 2022 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, transactions

Commercial real estate transactions totaled $809 billion last year as investors loaded up on warehouses and apartment buildings to capitalize on the e-commerce boom and record-setting rents, according to “Commercial Properties Saw Record Sales in ’21” published by The Wall Street Journal. It was no different at NAI Ohio Equities, where we celebrated another landmark year! As we prepare for 2022, we wanted to take a look back and share with you our most significant transactions of 2021! Top 5 Industrial Leases Industrial transactions rose to new highs with the…

News

Thinking About Investing in Multifamily? Start Here.

January 6, 2022July 18, 2022 Alexa BroylesCarter Stephens, commercial real estate, Conor David, CRE, industrial, investment, Investment Sales Team, land, multifamily, retail, transactions, Tyler Watkins, Warehouse

Overall, 2021 was a strong year for NAI Ohio Equities. December closings included several land deals and office leases. One of our largest transactions for the month was the sale of Huntwork Gardens, a multifamily portfolio located in Pickerington, Ohio, consisting of 24 units. Huntwork Gardens presented investors with a well-maintained asset that offered both short and long-term paths for return on investment. The 100% occupied property had current rents well below the submarket average which created an opportunity for investors to capitalize on the rent delta. The condition and…

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Office Space is Desired in Central Ohio – If it’s the Right Kind

December 9, 2021January 14, 2022 Alexa Broylesandy dutcher, columbus, commercial real estate, CRE, industrial, investment, land, matt gregory, office, Office Brokerage Group, Phillip Bird, retail, transactions, Warehouse

November transactions remained steady for NAI Ohio Equities. Our team closed more than 25 commercial real estate transactions, equating to more than 662,400 square feet. Of the month’s transactions, nearly one-third were office space. The conversation about remote work and whether or not to return to the office is continuing as we approach 2022 and round out the second year of the pandemic. Though recent trends such as “The Great Resignation” have fueled the fire with regard to remote work, there are signs that organizations want employees back in the…

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Steelton Village Rebirth Attracts Small Businesses to The Fort

November 4, 2021November 4, 2021 Alexa BroylesAnd here we are, columbus, commercial real estate, CRE, Crew Supply, for lease, John Mally, Makerspace, Mission Coffee, Ohio Equities, Southside Columbus, Steelton Village, The Fort, The Smithery, The Speculo Group, transactions

NAI Ohio Equities had a strong October with more than 26 closings last month. Our office sold or leased more than 255,000 square feet, and signed or renewed leases with 17 tenants. Our October closed transactions include the addition of several new tenants to The Fort, our featured property. The Fort, located on Columbus’ south end in Steelton Village, serves as a business incubator to roughly 30 tenants including a number of creative studios and business professionals. Set in a former 19th-century ladder and fire truck factory, The Fort is…

News

July Transactions – Another Hot Month for Central Ohio Real Estate

August 2, 2021August 2, 2021 Amy Karnescolumbus, commercial real estate, CRE, for lease, industrial, investment, land, leased, mulit-family, office, retail, transactions

July was another busy month for NAI Ohio Equities. Our office closed on another record number of industrial, office and retail properties. One of our large office sales included the sale of the former Volunteers of America building located at 1776-1780 E. Broad Street. It was sold for $3,510,000. You can read more about the sale here. The Central Ohio Commercial Real Estate market continues to be a great market for both small businesses and larger corporations. Get in touch with us if you need an opinion of value on…