Real Estate Trends & Economic Highlights: 2010-2019 (Greater Cleveland)
As we turn the page from the end of one year to the start of the next, it’s traditional to look back and reminisce on recent history and memorable events—especially when that new year corresponds with the start of a new decade. Cushman and Wakefield’s Decade in Review report recaps the most notable events from … Continued
Read moreCleveland Real Estate: Power of the Pop-Up Store
There’s no doubt about it—from a commercial real estate perspective, 2019 will go down as the year of the pop-up. Traditionally, pop-up stores have been viewed a type of “placeholder” tenant; a consolation prize for landlords struggling to fill their retail spaces. It’s true that in decades past, pop-ups have been primarily comprised of seasonal … Continued
Read moreAttract Top Talent With the Right Office Space
Each year, The Conference Board polls business executives to determine the biggest hot button issues in the business landscape. The organization recently released their 2020 survey results, which included input from nearly 750 CEOs and 800 other C-Suite executives. Out of all the issues that businesses face, these CEOs ranked attracting and retaining top talent … Continued
Read moreHigh-Tech Polymer Company Relocates Back to Akron; Adds Millions to City’s Tax Base
Cushman & Wakefield | CRESCO professional Fred Christie represented Promerus in the leasing of 38,000 square feet of industrial and office space located at 225 West Bartges Street in Akron. A subsidiary of Sumitomo Bakelite Co., Ltd., Promerus is a technology-driven company that provides advanced material solutions for the semiconductor, optoelectronic and electronic packaging markets. … Continued
How to Calculate Real Estate ROI on Investment Property
Are you interested in buying an office building as an investment, and planning to rent it out as a means of earning income? Investing in rental properties is a smart way to diversity your asset portfolio and increase your future wealth. It’s also a good way to boost your current cash flow, as you collect … Continued
Read more5 Reasons to Invest in Greater Cleveland Commercial Real Estate
Thinking about investing in commercial real estate? This can be a very exciting and rewarding endeavor, both financially and personally. Many investors get started in commercial real estate investment with the goal of securing more wealth. However, commercial investment properties also offer other benefits: portfolio diversification, mitigated economic risks, and a sense of pride in … Continued
Read moreTips for Purchasing or Leasing a Warehouse in Cleveland, Ohio
If so, this is likely an exciting—and perhaps stressful—time for your business. As businesses grow and expand, procuring new storage and distribution space is a natural next step. But this process can leave business owners with more questions than answers. For instance, is it better to purchase or lease a warehouse space? How big should … Continued
Read moreBroker Spotlight: Eliot Kijewski
Taking exceptional care of clients comes naturally to Eliot Kijewski. Although he initially thought he wanted to climb the corporate ladder after graduating from John Carroll University, he quickly realized his passion for sales so he shifted course to becoming a rep for a local industrial giant. He always had an interest in real estate, … Continued
Read moreCleveland: 5 Most Iconic Buildings
The most iconic Cleveland, Ohio landmark buildings have been a source of pride for local residents for more than a century. Many of these structures played pivotal roles in the development and success of Cleveland’s economy and continue to serve as beacons of industry and culture. From opulent Neoclassical banks to historic printing facilities, these … Continued
Read moreRevitalization of Lakewood’s Birdtown district continues with redevelopment of former BiRite building
By Jordyn Grzelewski The Plain Dealer LAKEWOOD, Ohio — A new plan to redevelop the former BiRite building on Madison Avenue will be a step forward in what city officials, local business owners and real-estate brokers say is a wave of reinvestment in this city’s historic Birdtown neighborhood. The building at 12501 Madison Ave. recently … Continued
Read moreThe Value of Real Estate Preservation
When you drive past an old industrial complex or commercial block in Cleveland, what are you really seeing? To the untrained eye, these structures are nothing more than faded, ramshackle eyesores that should perhaps be torn down and replaced with something new. But at Cushman & Wakefield | CRESCO, we see these historic properties as … Continued
Read moreLand Banks: What Are They and Why Do They Matter?
During the 2008 housing crisis, few regions were hit as hard as the greater Cleveland area. An astonishing number of mortgage and tax foreclosures, among other factors, led to a multi-billion dollar loss in Cuyahoga County’s real estate tax base. The market was in a state of utter chaos, and the future looked grim. In … Continued
Read more
To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.