Another Bright Year Anticipated for Columbus Industrial Market

With low vacancy, positive absorption and robust leasing and investment activity, the Columbus industrial sector is positioned to experience a substantial amount of demand to continue throughout 2022 after a record-breaking year in 2021. Last year set the tone for historic construction and absorption and the market is poised to continue its strong momentum. It is easy to look at the map and see why Columbus is such a great logistics hub given its prime location within a 10-hour drive within …

April 14, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, Ohio

The Secret Is Out About Investment in Columbus, Ohio

There was a time when an investment in the Columbus, Ohio commercial real estate market had to be justified to outsiders and required a higher return to attract investors. After all, it sits squarely in “fly-over country” in the heart of the rust belt. With the exception of getting a superior return, why would an investor choose Columbus, over say, New York or Chicago? But that’s all changed. Cap rates are now as low as, or lower than, other major markets. Investors have been driven to …

April 7, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, NAI, Office, Ohio

APTC: Don’t Just Accept Your Tax Assessment

By Cecilia Hyun, Siegel Jennings Co. Since early 2020, the COVID-19 pandemic has upended lives and disrupted the normal course of businesses, including those in the commercial real estate market. As in many other sectors, however, this public health crisis has not affected all commercial properties equally. Real estate occupied by essential businesses such as grocery stores, sellers of household goods and warehouse clubs, for example, have weathered the pandemic well. A few have even …

February 22, 2022Market Reports, Midwest, Midwest Market Reports, Office, Ohio

APTC: Ohio School Districts Push for Excessive Property Taxes

A recent order from the Ohio Board of Tax Appeals highlights a troubling aspect of real property tax valuation in the Buckeye State, where school districts wield extraordinary authority to influence assessments. In this instance, courts allowed a district to demand a taxpayer’s confidential business data, which it can now use to support its own case for an assessment increase. Ohio is one of the few states that permit school districts to participate in the tax valuation process, allowing a …

December 23, 2021Market Reports, Midwest, Midwest Market Reports, Ohio

Columbus Industrial Market Is Going Strong for Eighth Straight Quarter

Columbus has been the shining star of the industrial real estate market over the last five years, and for the eighth straight quarter, it has more than 5 million square feet under construction. This year is on track for more than 10 million square feet, with half of that already absorbed in the first part of the year. A question I always get is, “Why Columbus?” The answer (and the sell) is quite simple — location and population. Columbus is a 10-hour drive within 46 percent of the …

November 11, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Ohio

Commercial Real Estate Fundamentals Stay Steady in Akron, Ohio

By Jerry Fiume, SVN Summit Commercial Real Estate Advisors You’ve heard it before. In Akron, everything is earned, and nothing is given. No quote better represents the fabric of the City of Akron, Summit County and Northeast Ohio. Aside from an unstoppable work ethic, the other key characteristic of our marketplace is one of steady consistency. Our pricing is steady, our cap rates are steady and our opportunities are steady. With that said, there is a renaissance underway in our area. Akron …

September 16, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Office, Ohio, Retail

Demand Rises for Convenient, Quality and Affordable Retail in Cleveland

By Catherine Lueckel and Allison Giomuso, Matthews Real Estate Investment Services In nearly every major metro in the Midwest, the most active retailers expanding, leasing or developing involve grocers, discounters and drive-thru tenants. Most of the activity in the Midwest is reflective of the broader trend in shifting consumer demands, away from wants and more toward needs and services. Discount retailers It’s no surprise that discount retailers rose in popularity among shoppers …

September 2, 2021Market Reports, Midwest, Midwest Market Reports, Ohio, Retail

Cincinnati Industrial Market Is Positioned for Even More Growth

By Jeff Bender, Cushman & Wakefield Cincinnati and Northern Kentucky have the same logistical advantages they’ve always had, with their location within a day’s drive of two-thirds of the U.S. population, allowing reach and penetration to major metro areas. With those advantages, the region has enjoyed a robust industrial market, similar to most key markets in the country. Lessons learned from the pandemic, the pending opening of a nearly 1 million-square-foot e-commerce national air …

August 12, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Ohio

Strong Investor Demand for Cincinnati Apartments Drives Up Pricing

By Noah Juran, NorthMarq Cincinnati remains a highly sought-after market for multifamily investors as the U.S. emerges from the COVID-19 pandemic. The Cincinnati area’s apartment market fundamentals, including rent growth, rent collections and occupancy levels, are holding up well. Significant amounts of capital — including local, out-of-state and international — are aggressively seeking to be deployed into multifamily assets, which continues to drive up pricing.[caption …

August 5, 2021Market Reports, Midwest, Midwest Market Reports, Multifamily, Ohio, Single-Family Rental

Toledo, Ohio Market Shows Stability in Various Areas

By Harlan Reichle, Reichle Klein Group As the Toledo, Ohio, area’s retail market proved to be stable and solid in the second half of 2020 and the industrial market continued a remarkable stretch of high performance since the Great Recession, 2020 was a tough year for the office market. However, all three property types have yet to register any negative COVID impact in our latest survey results. Retail Toledo’s retail market proved to be quite stable and solid during the second half of …

June 17, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Office, Ohio, Retail