The Columbus market continues to improve each quarter with rental rates growing and vacancy decreasing. Each sector – office, industrial and retail all have vacancy numbers falling, which is tightening up the market. To download a copy of the 2018 First Quarter Market Report, click Here
Read MoreThe central Ohio commercial real estate market continues to heat up, with both office and industrial vacancy rates remaining relatively flat. Although counterintuitive, we don’t expect to see significant reductions in vacancy even as demand increases. The reason: much of the currently available space is the same space that has been undesired by tenants for years due to lack of amenities and functional obsolescence. So if the vacancy is not falling, what indicators do we have to show the market is truly “hot”? Looking at sale prices per square foot…
Read MoreThanks for taking a look at our second quarter market report, albeit a little late. To those of you who are receiving this because you are a client, thank you for your business! I won’t bore you with the bragging about NAI Ohio Equities many successes and wins for 2017 except to say it has been a good year. I want to take this opportunity to take a look back at the year 2009 and a controversial decision made by our city fathers to demolish the City Center Mall in…
Read MoreQuarter after quarter, we send our friends these “State of the Market” updates professing the vitality of the current commercial real estate market. We see an abundance of urban mixed-use projects, speculative warehouses, and more apartment buildings than even Don Kenny could have imagined. All of this with no whispers of glut, surplus or oversupply. Clearly, our consumer based economy, which relies on retail sales and consumer spending for a whopping 70% of GDP, is firing on all cylinders. But what’s up with retail? Already this year, we have seen…
Read MoreOverall, the Columbus Region continues to be vibrant and healthy. Rental rates continue to inch up in favor of landlords, resulting in new construction – 500,000 square feet in the office sector; 4,000,000 square feet in industrial; and 1,400,000 square feet in retail. Though is it good news that our market is healthy, shrinking vacancy and rising rental rates is resulting in greater leverage for landlords when negotiating new leases.download movie Hardcore Henry 2015 now For tenants seeking new space for lease, never has it been more important to partner…
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