Commercial Real Estate Services | Worldwide
Serving the Columbus Region Since 1971
We are a full service Commercial Real Estate company capable of helping you and your business take control of your real estate needs.
Sales and Leasing
We have a proven record of successful real estate transactions including the sales and leasing of land, office, retail, and industrial properties throughout Central Ohio and around the world. NAI Ohio Equities is a dedicated team, ready to work for you. We have an in-house marketing team that will assist all sales associates on how to best list your property. Let one of our professionals work with you on listing your property today.
Tenant Representation
If you are new to the Columbus region, expanding your business, or simply looking for new space, our talented and professional tenant representatives will help you understand the process. NAI Ohio Equities is here to walk you through all aspects of site selection; from discovery and identification phase all the way through the negotiation and signing of your new lease or closing on your new space.
Property Management
NAI Ohio Equities’ team includes 20 helpful and talented property managers, each hired to make sure your property functions effectively. From snow removal to security to HVAC repairs, our property management experts offer peace of mind that every last concern is being considered, managed, and repaired. We also offer full accounting support tailored to your operation.
Who Are We?
Our agents have been helping clients find the perfect real estate solutions for all of their business needs since 1971. Our team members are ready and anxious to offer their assistance for whatever you need.
Find an agentClients
Featured Listings
Office Listings
NAI Ohio Equities offers a wide variety of services for office users and investors alike. Our professional staff currently tracks almost 32,000,000 square feet of office space throughout the Central Ohio area. With over 40 years of professional market experience, our staff of accredited professionals offers each of our clients the home-field advantage. We live and work in the Central Ohio area, and we distinctly know the properties, the codes and ordinances, the people and business climate.
Industrial Listings
NAI Ohio Equities provides the resources necessary to successfully complete even the most complex transactions. Our services reach throughout the Columbus metropolitan region and the world. While tracking more than 268,000,000 square feet of Industrial space NAI Ohio Equities is able to find not only the best fit, but also the best value for its clients. Industrial clientele include privately owned companies, national and international corporations, institutional owners, private investors and national developers.
Retail Listings
Finding the right location for a retail venture is one of the most challenging tasks in today's competitive market. It takes knowledge about your client - a complete understanding of the products, services, target markets and competition. It also takes knowledge and insights into the retail real estate market - knowing the available locations and sites, knowing what's happening in the marketplace today and what is expected tomorrow. NAI Ohio Equities works with developers and retail property owners, helping successfully position their properties in the retail market and developing a comprehensive marketing strategy to attain the highest occupancy.
Market Reports
Industrial Overview
As of early 2024, industrial vacancy in Columbus is continuing to rise faster than the national benchmark after having delivered 14.8 million square feet over the past 12 months. However, there are two different realities within the market depending on the property. Vacancy in buildings larger than 500,000 square feet is approaching 11% in the Columbus market. Meanwhile, in buildings under 250,000 square feet, the vacancy rate is just 4.3%. Despite the overall vacancy increase, Columbus’ more affordable rents have allowed property owners to maintain rent rates, even as market conditions soften.
The increasing vacancy rate has not had a significant impact on lease rates; however, landlords are becoming more creative and aggressive with concessions.
There were only 1.1 MSF of new spec buildings started in the quarter and a total square footage of 2.5 MSF spec space under construction.
As we approach the end of the recent building spree, the overall market inventory is 369 MSF, an increase of 17.5% from 314 MSF in Q1 2020.
There is an abundance of buyers with dry powder looking to purchase. Yet the disconnect on pricing between buyers and sellers remains. Sales volume continues to fall from $1.17B in Q4 2023 to $1B in Q1 2024. It peaked at $2.32B in Q3 2022.
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“As the last wave of a record amount of new speculative construction is delivered, the vacancy rate has risen to a level not seen since Q2 2013. This may be the peak as space is absorbed and new deliveries slow throughout the year. Q1 2024 may be a reflection point from a tenant’s perspective. I believe this will be a time when they will look back and wish they had leased space in this high vacancy period with many spaces from which to choose.”
- Curt Berlin, Executive Vice Chairman
Property Management
Professional Property Management is critical to ensuring the longevity and vitality of your commercial real estate investment. At NAI Ohio Equities, we provide active management and integrated resources to preserve and enhance the value of each of your company's real estate assets. We provide a complete and competitive range of property management services for industrial, office, medical, and retail buildings, as well as educational and multi-family properties and home-owner associations.
All NAI Ohio Equities managed assets operate in accordance with our Property Service Standards Program that promotes consistent, high-level operational practices, yet is designed with the flexibility to cater to the unique needs of each property and client.
Case Studies and Testimonials
"Ryan McGreevy very professionally handled the sale of this property and I was very satisfied with his work. I look forward to doing future business together."
"Each and every prospective deal is always handled in a professional and compelling manner. Furthermore, the attention to detail and analysis provided with each RFP has greatly helped the partners in their decision making."
"The NAI Ohio Equities Industrial Team has done an excellent job for us. After purchasing Southeast Industrial Park our goal has been to sell the buildings individually. Their team has clearly communicated our objectives to the brokerage community and end users. Through an aggressive marketing effort they have been able to sell 13 of the 18 buildings in the park. We appreciate their determined and honest approach to business."
"Working with Matt Gregory and Andy Dutcher was fantastic. They were both very energetic and knowledgeable, responding quickly to our various needs and questions. Both are very personable, understood our needs, and strongly supported our effort to start a social enterprise. I would highly recommend them both."
"Joe Menninger and Philip Bird were a delight to work with. They completely understood our parameters and the necessity to sell our real estate, while continuing to maintain our operations in the space during and after the sale."
"We have grown significantly in the past few years and had to lease space at three separate locations in order to accomodate the needs of the agency. I was delighted with the personal commitment made by both Peter Merkle and Matt Gregory to find us a property that met all of Alvis House's needs. The time and effort they have put forth has been invaluable."
Recent News
How Leveraging a 1031 Exchange Strategy Can Help You Achieve Your Commercial Real Estate Goals
April 9, 2024
A 1031 exchange is a real estate investment tool that allows investors to exchange an investment property for another “like-kind” property while deferring capital gains tax on the profit from the sale.
As a commercial real estate investor, you’re probably familiar with the concept of a 1031 exchange, but do you fully understand how this tax benefit can be utilized as a tool to achieve other goals?
In this article, learn more about the many strategies that leverage this powerful tool.
Build a Portfolio/Leverage UpWith a 1031 exchange, investors can continually reinvest the net proceeds from their assets to trade up into larger investments creating “leverage” and increasing purchasing power. By reinvesting the dollars that would have been used to pay capital gains tax, investors increase purchasing power and subsequently, build wealth. Additionally, this increase in equity can lead to a lower loan-to-value ratio when acquiring a higher-value property. This strategy can be repeated indefinitely and used with other tax strategies to build a portfolio.
Diversification by Market or by Asset TypeOwning too much of a particular asset type or having assets concentrated in a single market can pose a risk. A 1031 exchange can be used to facilitate portfolio diversification. Additionally, suppose a specific asset type is underperforming due to market conditions. In that case, a 1031 exchange can facilitate the acquisition of an asset type that is performing better, or it can be used to purchase an asset in a market that is experiencing growth.
Knox County Land Bank Partners with NAI Ohio Equities to Help Bring Manufacturing and Jobs Back to Heartland Commerce Park
March 14, 2024
A nearly 200-year-old manufacturing campus in Knox County is once again coming to life five years after the announcement that one of the area’s largest employers, Siemens Energy, would cease operations there.
The 47-acre property which includes 12 buildings totaling 670,000 square feet was acquired by the Knox County Land Reutilization Corporation, also known as the Knox County Land Bank, in 2020 after Siemens decided it no longer wanted to retain the property following the closure.
The property has housed power generation systems manufacturers, from steam engines to jet engines to generators, since 1833. The majority of that time, by the successors of the original occupant, the CE Cooper Co.
The campus, now named Heartland Commerce Park, represents the largest collection of available industrial space within the city, explained Jeff Gottke, president of the Knox County Area Development Foundation and the Knox County Land Bank.
“It’s a homegrown property that the community feels a lot of connection to. Thousands of current Knox County residents have worked on that property or know someone who did,” he said.
Maximizing Efficiency and Quality: The Importance of Periodically Bidding Out Service Contracts
February 27, 2024
If you’ve been using the same vendor for years without bidding out the service contract, you could be doing yourself a disservice. As a property management company, bidding out service contracts for our clients is a valuable tool that creates a balance between maintaining quality service and optimizing costs. In this blog post, we delve into the benefits of bidding out service contracts, including which services to start with and the frequency.
REASONS FOR PERIODICALLY BIDDING OUT SERVICE CONTRACTS
Cost SavingsRegularly bidding out service contracts ensures you receive the most competitive pricing from vendors, often resulting in lower costs and better terms. Commercial Property Manager Mary Brown says when soliciting bids, it’s important to use companies that have been vetted, meaning you are familiar with the quality of their service and have already established that their pricing is fair. Unfamiliar companies that have not been vetted may not have the appropriate scope for the property and may submit the lowest bid to earn the business but may not be able to offer comparable quality.
Ensuring Quality ServicePeriodic bidding, even if you are happy with the service you have, offers a chance to assess quality and offerings from both your current vendor and potential vendors. This process ensures you have thoroughly considered your vendor’s performance and allows you to seek references and evaluate proposals to compare services. This can result in enhanced tenant satisfaction and in some instances, increased property value.
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Employment Opportunities
NAI Ohio Equities is hiring. If you are looking for employment with our company and fit the requirements we are looking for, we would love to meet you. Please review any job openings below, and if interested, please click on the listings to view more information and apply. Thanks!