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.
NAI Ohio Equities COVID-19 Update
May 11, 2020
NAI Ohio Equities is actively monitoring the novel coronavirus “COVID-19” outbreak.
As an essential business, we will remain open.
As COVID-19 continues to be present in the U.S., NAI Ohio Equities has undertaken several steps to keep our employees and agents safe and to continue to meet the needs of our clients, vendors, and customers during this unprecedented global health emergency.
For the time being, NAI Ohio Equities is continuing telework for our agents, property managers, accounting and administrative staff. Our 65 maintenance technicians will continue safely working in the properties we manage.
- BROKERAGE: Our agents will continue to actively market our listings and provide our clients and customers with updates on the market and activity. The Brokerage division, including our marketing department, is working on an adjusted office schedule.
- PROPERTY MANAGEMENT: Our Property Management team will continue to manage our client’s property and provide exceptional service for our building owners and tenants during this uncertain time. Mission critical employees will be available to service our clients and tenants needs throughout this national crisis.
Our first priority is the health and safety of our employees and agents. We encourage them and all our friends to follow the recommendations of the Center for Disease Control at www.cdc.gov
Thank you to all our clients, vendors, customers, and friends. It has been our pleasure to work with you over the past 48 years. We believe that the steps that we and our fellow citizens are taking will help us get through this unprecedented national emergency the best way we can. We wish you, your families, and friends well and look forward to continuing our relationships during the remainder of this crisis and into the future.
As an essential business, our office will remain operational. We will have limited visitor traffic during this time. Please call us at 614-224-2400 before arriving.
For those that drop off condo fee payments, please consider mailing your check to:
Katrina Lampinen or Marla McGraw
NAI Ohio Equities
605 S. Front Street, Suite 200
Columbus, Ohio 43215
Thank you for your continued support during this time.
Michael Simpson, President
614-629-5257
msimpson@ohioequities.com
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.
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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
Office vacancy increased to 7.7% despite a positive absorption of 39,061 SF
Quoted rental rates ended the first quarter at $20.11, in line with the previous quarter, but a 4.3% increase over this time last year
The Office vacancy rate increased to 7.7% during the first quarter of 2020.
There were 276 sales the last 12 months, averaging $104/SF and an 8.8% CAP rate.
There were two deliveries during the first quarter totaling 157,000 SF with an additional 978,000 SF additional under construction.
“The office sector remained relatively flat throughout the first quarter and it’s too early to tell what impact, if any, the pandemic will have on lease rates and overall activity.” - Matt Gregory, Senior VP Office Brokerage
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
Looking to Invest? Terminology 101
May 19, 2020
Are you new to Commercial Real Estate, or have you never known what any of the following terms mean? Here we give you a quick breakdown of common terminology found in the world of CRE (commercial real estate):
Build Out: The construction or improvements of the interior space, including flooring, walls, finished plumbing, electrical work, etc.
Capitalization Rate (Cap Rate): The value given to the property when the Net Operating Income (NOI) is divided by the current market value or sales price. A cap rate can be used as a rough indicator of how quickly an investment will pay for itself. The higher the cap rate, the better.
Contiguous: Touching at some point or along a boundary; spaces next to one another.
Deed Restriction: An imposed restriction in a deed that limits the use of the property. For example, a restriction could prohibit the sale of alcoholic beverages.
Eminent Domain: The governments’ right to condemn and acquire property for public use. The government must provide the owner with fair compensation.
Escrow: A written agreement among parties, requiring that certain property/funds be placed with a third party. The object in escrow is released to a designated entity upon completion of some specific occurrence.
Four Ways Multifamily Property Owners Can Keep Tenants Informed and Safe
May 12, 2020
As the COVID-19 pandemic sweeps across the nation, CRE’s multifamily sector is put in a unique position. Being the space where the home-life of residents merges with the commercial arena, multifamily communities are in a bracket in and of itself.
Multifamily property owners have a responsibility to keep their tenants safe and prevent the contagion from spreading throughout the community’s population. Fortunately, there are some simple steps that property owners can take that can help bend the curve and keep your residents safe, healthy, and informed.
Here are 4 highly recommended COVID-19 response guidelines for multifamily property owners:
Send Out Regular Email UpdatesThe COVID-19 situation is updating on a daily, hourly, and even minute-by-minute basis. Breaking news, adjustments to protocols, and new discoveries are coming out constantly; and it’s up to multifamily property owners to ensure that their residents are up-to-speed with the latest state of affairs.
Impact on the Market
April 21, 2020
It seems that no matter who you are talking with right now, everyone wants to know the same thing. How is the current pandemic going to affect real estate values and lease rates, in both the short and the long term? I would expect this from clients and colleagues, but I even have friends and family asking me the same question. It has become increasingly evident just how much commercial real estate is intertwined with the overall economy.
First, let me dispel any misconception that prices are going down because of the current economic turmoil. I have had many prospects presume there must be some good deals out there because the stock market is falling. I’m here to say that simply is not the case. The commercial real estate market does not react overnight, it is a much slower cycle. This is not to say that everything is status quo. Landlords are getting creative with offering incentives such as free rent to tenants to lock in the long term. Yet the two biggest factors that will impact pricing long term is supply vs demand and availability of financing.
Many are comparing the pandemic to the 2008-10 recession, but in the recession, demand dropped off significantly and lenders were not making loans. It is too soon to tell if either of those will occur this time around. Demand will vary by market segment, which I will get into further, but the early indication is that the low-interest rates and availability of funds will help drive the recovery.
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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!