The question as to what to do with the skeletons of the once-great American shopping scene has been on the table for years now.

Every business experiences ups and downs. The regular rhythms of an industry are simply a part of the game. Whether we like it or not, it seems like everyone becomes accustomed to the change in traffic associated with the year’s slow seasons. Not only is it a dependable gauge to work with, but it also represents a logical downturn of business. While it’s certain that no CRE professional is happy about the seasonal drop in demand, it’s not a sink-or-swim…

2020’s pandemic-shaped outlook posed challenges to all areas of business. From office to industrial, no one escaped this year’s disruptors unscathed. One of the worst-hit commercial sectors has undoubtedly been the foodservice industry. The restaurant scene was utterly surrounded by opposition to business success. Market closures, changing consumer sentiments, and fears of highly contagious diseases ravaged the restaurant industry all across the country. However, restaurants are resilient. Despite the mounting challenges, this business was able to stay above water and…

As new technologies become commonplace, the existing infrastructure is forced to adapt. Efforts to blend well with newly infused technologies oftentimes require the commercial real estate industry to make some updated considerations. This is the scenario that CRE now finds itself in with drones. Drones aren’t necessarily a new invention, but it’s continually hitting new application milestones as this flying technology makes headway into the modern industry. Let’s take a closer look at what’s happening with drones, and what CRE…

Watch Alec Pacella, CCIM latest video here. Follow Alec and NAI Pleasant Valley below https://naipvc.com/https://www.facebook.com/NAIPleasantValleyhttps://twitter.com/NAIPVOHIOhttps://twitter.com/what_I_C_atPVChttps://www.linkedin.com/in/alecpacella/[email protected]://www.instagram.com/naipleasantvalley/

2020’s lease restructuring period isn’t anything like the industry’s used to. This year is filled with previously unforeseen obstacles, including pandemic disruptions, an economic downturn, and flood waves of new policies that implicate the commercial space. If you’re struggling with these circumstances, don’t let the opportunity to restructure your lease idly pass you by. This gives tenants the chance to establish new leasing agreements that can potentially help them down the line. Reducing expenses, rewriting protocols, and other edits can…

The coronavirus pandemic has undoubtedly shaken up every market in the country. While all eyes are on Class A cities to see how the very best in the game are faring during these times, other locations aren’t getting much consideration. In the middle of all of this market-madness, how are opportunity zones doing right now? Opportunity Zones 101 Opportunity zones are officially defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” This…

Commercial real estate’s industrial sphere has been a winner in the business for years now. Often called the ‘golden child’ of commercial real estate, industrial spaces seem to thrive even when everything else is facing challenges. It’s becoming increasingly clear that warehousing is the way of the future. Riding on the back of e-commerce alone, the industrial space is set up for success. But, in preparation for the anticipated growth, warehouses are undergoing a contemporary makeover. Here are the latest…

The self-storage sector has immense promise for commercial real estate. These spaces are resilient, in high demand, and fit seamlessly into the needs of contemporary society. As people become more transient and hold off on purchasing a home, storage space becomes a necessity – and the proof is in the numbers. In 2019, the vacancy rate for self-storage was only 9.9% and was projected to only climb to 10.0% in 2020.  Evidently, self-storage units are attending to today’s pain points…

NAI Pleasant Valley Cleveland Office has relocated to 6155 Rockside Road, Suite 304, Independence, OH 44131. Our 3 office’s now in Independence, Medina and Akron are open and ready to serve you.