Businesses, developers may find significant opportunity west of Cleveland
Real estate conditions, broadly, on the west side of Greater Cleveland can be characterized as opportunistic, says Brian Smith, Vice President at Cushman & Wakefield | CRESCO Real Estate. “The West Side provides certain things that you can’t get on the other side of town,” Smith says. “There’s better access to the highway systems and … Continued
Read morePlug in: Tight industrial market makes being connected critical for buyers, tenants
The industrial property vacancy rate in Northeast Ohio at a historically low 2.5 percent. The cost of capital as well as a lack of new inventory coming online has made for a frustrating time for those needing new property to expand their business. Though Northeast Ohio is a market that typically gets a lot of … Continued
Read more5 Important Commercial Trends for 2023
As we approach the end of 2022, it’s natural to start thinking about what the next year might bring for the commercial real estate market. Here are five commercial real estate trends that we expect to see in 2023: 1. Continued growth of e-commerce and the need for warehouses and distribution centers The COVID-19 pandemic … Continued
Read moreWhat on Earth is Going on in the Flats South?
We’ve been promised revitalization of the Flats South and the city of Cleveland is ready for it. The gentrification of a rust belt neighborhood written off as an urban casualty needs something to prime the pump and establish it as a destination. And that something is whiskey! Enter Cleveland Whiskey. In 2020 the local distiller … Continued
Read moreFinding Office Space in Cleveland – What Works for You?
The office of the past, if you go back far enough, was fraught with inefficiency. Information had to be chiseled on stone tablets and awkwardly carried from place to place. Asking for revisions was a big hairy deal. “Hey, it’s not like this is all carved in stone!” was not a thing you could say. But by the … Continued
Read moreGreater Cleveland Commercial Office Space Flexibility and the Future of Hybrid Work
What does the future of work look like? That’s the main question millions of companies are answering in 2022, as we approach our third year of the pandemic. The omicron variant proves COVID-19 is an ever-changing and ever-present threat. It’s not going anywhere in 2022, and its endurance means it’s time for companies to determine … Continued
Read moreCleveland Commercial Real Estate in 2022: Return to Office Surge Even with Hybrid Work
Returning to the Office: Our Predictions The pandemic hasn’t fully released us from its clutches, but 2022 has brought a renewed hope that the end is in sight. Vaccinations are widely available, the current industrial vacancy rate is the lowest it’s been in more than two decades at 3.5 percent, downtown businesses are prospering, and … Continued
Read moreCongratulations to Team Members Added to Principal Ranks and Partner Emeritus
We are thrilled to announce the addition of two new principals added to our ranks, and a partner transitioning to Partner Emeritus and Senior Vice President. Longtime Partner Simon Caplan is now Executive Vice President and Principal Emeritus of Cushman & Wakefield | CRESCO in Cleveland, Ohio. Simon’s real estate career spans more than 30 … Continued
Read moreWhat to Look For in a New Commercial Office Space in Cleveland, Ohio
We all know the importance of office space. It’s where we spend most of our time working, and it can make or break productivity levels. But what should you be looking for in a new commercial office space in Cleveland? What will help boost your company to the next level? Finding the perfect office space … Continued
Read moreOpportunity Zones Are Still a Wise Investment
Are opportunity zones losing popularity? The short answer is no. Opportunity Zones are still a viable and unique real estate option that can diversify your portfolio, give you long-term tax benefits and help revitalize the community. Real estate investors have poured billions of dollars into economically distressed areas over the past five years, and these … Continued
Read moreBroker Spotlight: Rick Gardner
Several years ago, Rick Gardner, CBI, MBA, had the opportunity to sell a business along with a commercial property he was brokering. The process made sense: the client was looking to sell their property, and had planned on just dissolving the business within. Gardner saw the synergies between commercial property and business brokering and suggested … Continued
Read moreCushman & Wakefield | CRESCO Team Members Earn Prestigious NAIOP Awards
NAIOP, a commercial real estate development association, is a trade organization for developers, owners and related professionals in office, industrial and mixed-use real estate. Each year, NAIOP recognizes the achievements of real estate specialists across the country. We’re thrilled to announce four recent awards earned by team members here at Cushman & Wakefield | CRESCO. … Continued
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