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 Hire 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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News 

Community Propels Columbus Neighborhood Forward

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…

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News 

Thinking About Investing in Multifamily? Start Here.

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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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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News 

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

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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News 

Ohio Equities Finds Industrial Warehouse Space Fueling BARK Co. Expansion and Job Growth

The rapidly expanding Original BARK Company announced in a press release last week that it would be creating 500 full-time jobs in Columbus over the next four years, tripling its staff. Launched in 2012 with its monthly, themed subscription, BARK Box, BARK has now expanded to include BARK Super Chewer, BARK Bright and BARK Eats. The success of these expansions, and specifically the success of BARK Eats, drove co-founder Carly Strife to think about expanding its industrial space here in Columbus, Ohio, which accounts for some of the job creation…

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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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describing our august transactions News 

August Transactions in Central Ohio

August did not slow down this year for commercial real estate transactions. Our office closed on a number of industrial, investment, land, retail and office properties. One of our largest sales was 105 Innovation Court in Delaware, Ohio. This 60,000 SF industrial investment property sold for $5,700,000 by Doug Shull. 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 your commercial space!

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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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