columbus – Page 6 – NAI Ohio Equities, LLC

Five Reasons CRE Investors Should Choose Columbus

March 24, 2022July 9, 2024 Alexa Broylesaffordability, attract and retain, columbus, commercial real estate, CRE, global logistics hub, growth, investors, midwest secret, millennials, real estate market, workforce

These days, investors are loving the Central Ohio real estate market. Once overlooked, Columbus has emerged as a solid investment choice. Columbus attracts both businesses and talent alike, offering investors opportunities in every market sector. With that said, here are five reasons, why as an investor, you should take a closer look at Columbus! 1. We Have the Workforce. The Central Ohio region, which consists of eleven counties, has 52 colleges and universities, including The Ohio State University, and produces approximately 22,000 college graduates annually. The region is home to…

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Community Propels Columbus Neighborhood Forward

February 28, 2022July 9, 2024 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, retail, transactions, Warehouse

NAI Ohio Equities had a strong February with more than 20 closings this month. Our office sold or leased more than 182,600 square feet, and signed or renewed leases with 15 tenants. Our featured property this month is 895 Parsons Avenue, a 9,700 square foot freestanding building on the city’s south end nestled within the neighborhood of Schumacher Place, which sits adjacent to German Village, Merion Village, Southern Orchards, and is in close proximity to Nationwide Children’s Hospital, the largest pediatric hospital in the United States. The building houses both…

Commercial Real Estate 101

Rapidly Appreciating Market Creates Challenge in Assigning Values

February 17, 2022July 9, 2024 Alexa Broylesappraisals, appraiser, brokers, central ohio, columbus, commercial real estate, construction costs, e-commerce, market value, new building, real estate agents

Central Ohio’s rapidly appreciating commercial real estate market is leaving some brokers and buyers trying to figure out how to get the deal done. As buyers are pursuing some sectors of the commercial real estate market with vigor, prices are climbing at a pace that is making it difficult for appraisers to keep up with the market. Last year, the industrial sector saw record growth due to the e-commerce boom, and rent growth stemming from the pandemic. In Central Ohio, the industrial sector saw the price per square foot increase…

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2021: A Record-Setting Year in Commercial Real Estate

February 3, 2022July 9, 2024 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, transactions

Commercial real estate transactions totaled $809 billion last year as investors loaded up on warehouses and apartment buildings to capitalize on the e-commerce boom and record-setting rents, according to “Commercial Properties Saw Record Sales in ’21” published by The Wall Street Journal. It was no different at NAI Ohio Equities, where we celebrated another landmark year! As we prepare for 2022, we wanted to take a look back and share with you our most significant transactions of 2021! Top 5 Industrial Leases Industrial transactions rose to new highs with the…

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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…

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…