Third quarter 2018 was a strong quarter for the office market across northeast Ohio, with several high-profile CBD sales and vacancy rates dropping to historical lows. Despite rising wages across many sectors, businesses cannot keep up with the demand for products and services due to a lack of qualified workers. Supply costs have increased as … Continued

By: Mike Turzanski & Lee Dunfee Part one in our series on energy management discusses optimizing current infrastructure and technology to fully inform energy management initiatives and prepare for possible new technology. Although the commercial real estate industry has slowly adopted full-scale energy technologies, evolving energy regulations and standards are prompting real estate owners and … Continued

Mentorship means paying it forward by recognizing and nurturing the potential in another professional. This is particularly meaningful for women who have so much to gain from a mentor’s guidance on how to successfully lead in a male-dominated industry. The WIN Mentorship Program is designed to offer our young women opportunities that encourage them to continue to … Continued

By Jeff Green and Ben Conwell There has undoubtedly been a dramatic shift in the retail industry over the past several years. Consumers can purchase almost anything from the comfort of their own homes and have it on their doorsteps within hours. eCommerce has become the new norm, and the trend is forcing some retailers to downsize, consider … Continued

By Ben Conwell Whether it be transportation, hospitality, or food delivery, on-demand services have become entrenched in our daily lives. Now, the idea is entering the industrial real estate sector via technology platforms that connect organizations in need of warehouses with those that have extra space. Sounds straightforward, right? And the platforms are seeing success, too. … Continued

By Dave Fanning, Director, Data Center Advisory Group and Kevin Imboden, Director of Research, Data Center Advisory Group A variety of new players have entered the data center arena in recent years, each having a unique perspective and investment strategy to share with major cloud clients and smaller colocation customers. These investors are attracted to the growing data … Continued

By Ken McCarthy, Principal Economist The U.S. economy accelerated sharply in the second quarter of 2018 as the effects of the tax cuts enacted at the end of 2017 were felt. U.S. gross domestic product (GDP) grew at a 4.1% annual rate, up from 2.2% in the first quarter and the strongest reading since the third … Continued

Rents keep going up. That’s obviously good if you own real estate. It’s also a good indicator of our local economy too. But, rents would climb even more in Greater Cleveland, but for serious workforce challenges. How do we know? Every quarter we do a market updates for our office and industrial clients call “Market … Continued

By Trixy Walker, Property Manager at Cushman & Wakefield As a female in a male-dominated profession, the road to success has not always been an easy road traveled. There have been a unique set of challenges that I have experienced as a woman in commercial real estate, an industry that has historically been a “boys … Continued