commercial real estate – Page 8 – NAI Ohio Equities, LLC

The Office of Tomorrow

January 25, 2022July 9, 2024 Alexa Broylescolumbus, commercial real estate, CRE, design, kaitlin kingrey, MA Design, matt gregory, office, tamra fuscaldo

The pandemic has shone a light on both the positive and negative attributes of remote work. Employees have demonstrated that they can work from home successfully and their demand for flexibility seems heard as more employers adopt some permanent form of a remote work model. However, for some, the monotony of Zoom meetings and feelings of isolation are notable impacts driving a desire to return to the office. So, what exactly are the elements associated with future offices that will be a draw to workers? From spaces that provide employees…

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Thinking About Investing in Multifamily? Start Here.

January 6, 2022July 9, 2024 Alexa BroylesCarter Stephens, commercial real estate, Conor David, CRE, industrial, investment, Investment Sales Team, land, multifamily, retail, transactions, Tyler Watkins, Warehouse

Overall, 2021 was a strong year for NAI Ohio Equities. December closings included several land deals and office leases. One of our largest transactions for the month was the sale of Huntwork Gardens, a multifamily portfolio located in Pickerington, Ohio, consisting of 24 units. Huntwork Gardens presented investors with a well-maintained asset that offered both short and long-term paths for return on investment. The 100% occupied property had current rents well below the submarket average which created an opportunity for investors to capitalize on the rent delta. The condition and…

Commercial Real Estate 101

Seven Ways to Prepare for an Industrial Property Search Heading into 2022

December 16, 2021July 9, 2024 Alexa BroylesBlake DeCrane, columbus, commercial real estate, CRE, Curt Berlin, industrial, Industrial Property Team, matt osowski, Warehouse

The landscape for acquiring industrial property has changed dramatically over the past year. After brick-and-mortar retail came to a screeching halt in early 2020 due to the COVID -19 pandemic, online purchases soared, and since then, retailers have been leasing the existing industrial warehouse space in Columbus, Ohio, at an unparalleled pace. The NAI Ohio Equities Industrial Property Team explained that their business has flip-flopped with the majority of their 2021 representation being on the tenant side, where it has traditionally been on the landlord side. Industrial warehouse space is…

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Office Space is Desired in Central Ohio – If it’s the Right Kind

December 9, 2021July 9, 2024 Alexa Broylesandy dutcher, columbus, commercial real estate, CRE, industrial, investment, land, matt gregory, office, Office Brokerage Group, Phillip Bird, retail, transactions, Warehouse

November transactions remained steady for NAI Ohio Equities. Our team closed more than 25 commercial real estate transactions, equating to more than 662,400 square feet. Of the month’s transactions, nearly one-third were office space. The conversation about remote work and whether or not to return to the office is continuing as we approach 2022 and round out the second year of the pandemic. Though recent trends such as “The Great Resignation” have fueled the fire with regard to remote work, there are signs that organizations want employees back in the…

Commercial Real Estate 101

What You Should Know About a Broker Opinion of Value

November 23, 2021July 9, 2024 Alexa BroylesBOV, BPO, Broker Opinion of Value, Broker's price opinion, columbus, commercial real estate, CRE, Owner Representation, Property Valuation, real estate analysis, real estate appraisal

What is the Difference Between a Broker Opinion of Value and an Appraisal? Both a Broker Opinion of Value (BOV) and an appraisal utilize the same approaches to determining the value of properties, however, there are some key differences. To begin, an appraisal is performed by a state-licensed third party and performed at a cost. Specifically, in terms of commercial real estate, the cost may be significant. Often, a BOV is at little or no cost, as many brokers provide this service as a means of earning representation for the…

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City of Columbus Aims to Address Affordable Housing with 2021 CRA Abatement Policy

November 18, 2021July 9, 2024 Alexa Broylesaffordable housing, columbus, columbus ohio, commercial real estate, Community Reinvestment Area, CRE, Department of Development, development, housing affordability, tax abatement

The Columbus Department of Development presented its proposed update to the Community Reinvestment Area Residential Abatement policy as part of a scheduled three-year review, on Wednesday, Nov. 17, during a public meeting. The updated proposal affects tax abatements in both the legacy community reinvestment areas, as well as in designated as “Market Ready” and “Ready for Revitalization” areas, which are determined based on the number of qualifying distress criteria. Distress criteria include population growth, median household income growth, poverty rate, growth in median rent, housing vacancy rate and mortgage foreclosure…

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Steelton Village Rebirth Attracts Small Businesses to The Fort

November 4, 2021July 9, 2024 Alexa BroylesAnd here we are, columbus, commercial real estate, CRE, Crew Supply, for lease, John Mally, Makerspace, Mission Coffee, Ohio Equities, Southside Columbus, Steelton Village, The Fort, The Smithery, The Speculo Group, transactions

NAI Ohio Equities had a strong October with more than 26 closings last month. Our office sold or leased more than 255,000 square feet, and signed or renewed leases with 17 tenants. Our October closed transactions include the addition of several new tenants to The Fort, our featured property. The Fort, located on Columbus’ south end in Steelton Village, serves as a business incubator to roughly 30 tenants including a number of creative studios and business professionals. Set in a former 19th-century ladder and fire truck factory, The Fort is…

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Ohio Equities Finds Industrial Warehouse Space Fueling BARK Co. Expansion and Job Growth

October 18, 2021July 9, 2024 Alexa BroylesBARK, Blake DeCrane, columbus, columbus ohio, commercial real estate, CRE, Curt Berlin, industrial, Industrial Property Team, jobs, matt osowski, Warehouse

The rapidly expanding Original BARK Company announced in a press release last week that it would be creating 500 full-time jobs in Columbus over the next four years, tripling its staff. Launched in 2012 with its monthly, themed subscription, BARK Box, BARK has now expanded to include BARK Super Chewer, BARK Bright and BARK Eats. The success of these expansions, and specifically the success of BARK Eats, drove co-founder Carly Strife to think about expanding its industrial space here in Columbus, Ohio, which accounts for some of the job creation…

Commercial Real Estate 101

Looking for an Investment Property? Self-Storage May Offer a Unique Opportunity

October 7, 2021July 9, 2024 Alexa BroylesCarter Stephens, columbus, columbus ohio, commercial real estate, Conor David, distribution, industrial, Investment Sales Team, just leased, multi-family, office, property, retail, self-storage, Tyler Watkins, Warehouse

September commercial real estate transactions remained steady and accounted for roughly 325,000 sq. ft. in sold or leased, office, investment, industrial, and retail properties in our office. One of our largest sales was 485 Lee Street in Belpre, Ohio. The self-storage facility featured nearly 78,000 sq. ft. of rentable space and an astounding 465 units. Self-storage continues to be a desired investment sector, and has gained significant interest recently for several reasons. To begin, explained Investment Team Broker, Tyler Watkins, self-storage properties tend to be easier to manage and have…

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August Transactions in Central Ohio

September 2, 2021July 9, 2024 Amy Karnescolumbus, commercial real estate, delaware, for sale, industrial, investment, land, leased, office, ohio, real estate investment, sold, Warehouse

August did not slow down this year for commercial real estate transactions. Our office closed on a number of industrial, investment, land, retail and office properties. One of our largest sales was 105 Innovation Court in Delaware, Ohio. This 60,000 SF industrial investment property sold for $5,700,000 by Doug Shull. The Central Ohio Commercial Real Estate market continues to be a great market for both small businesses and larger corporations. Get in touch with us if you need an opinion of value on your commercial space!