Tag: columbus

Commercial Real Estate 101 

4 Ways that Driverless Cars Could Impact the CRE Industry

Amy Karnes, , , ,

Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…

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News 

Patrick Larrimer Assists The Animal Health Organization Find a Home

Amy Karnes, , , ,

The Animal Health Organization, a new 501(c)(3) whose goal it is to provide high-quality, low-cost services to animals, shelters, and families has finally found a home. The non-profit has recently opened at 7206 Gooding Blvd in Delaware, Ohio. The organization provides an array of services to animals including medical care, sheltering, and even providing food, shelter, supplies and medical care to animals of homeless or low-income families. “For a small non-profit, it is truly a miracle when you find a location that meets, and exceeds your expectations and needs. Not…

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Market Reports 

2017 Third Quarter Market Report: Commercial Real Estate Stays Hot

Amy Karnes, , , ,

The 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…

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Market Reports 

2017 Second Quarter Market Report: A Look Back at Columbus Commons

Amy Karnes, , , , ,

Thanks 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…

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News 

Fortner Fine Furnishings Consolidates Furniture and Upholstery Business to 2000 S. High St.

Amy Karnes, , , , , ,

The historic Seagraves Fire Truck Manufacturing Facility, most recently Jet Container on the south side of Columbus has been sold to Fortner Fine Furnishings. The 230,000 SF space located at 2000-2050 S. High Street will include 25,000 SF for upholstery and restoration and another 25,000 SF for custom furniture and carpentry.   “My grandfather worked as an upholstery on the South Side of Columbus, so in a sense it is us coming back to our roots,” said Justin McAllister, President of Fortner Fine Furnishings.   Fortner purchased the building after…

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News 

NAI Ohio Equities Completes Sale of 555 Yearling

Amy Karnes, , ,

Hackman Capital Partners LLC and NAI Ohio Equities announced today the recent sale of 555 Yearling Road to Oklahoma-based WCOL, LLC for $3,517,900. The free-standing, 164,450-square-foot building, sold by a Hackman Capital affiliate, is situated across the street from The Columbus International Air Center Complex and just south of the Port Columbus International Airport.  The building is 100% occupied by Ryerson, one of the largest metal distributors in the industry. Ryerson will remain at the property. “This is a uniquely robust, crane-served industrial building. We’re thrilled the investment was a…

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