#CCIM, #CCIMGlobal, #CLE, #CRE, 2023, Akron, Amazon, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, E-Commerce, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Leased, Mobile Workforce, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Property Management, Real Estate Investing, Recent Transactions, Trends
Conflicting Signals: What do Layoffs Mean for the Labor Shortage?

With all of these changes incoming, the question that’s top of mind is: How will this affect the labor shortage we’ve seen since 2021?

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, City View Center, Cleveland Commercial Real Estate, Cleveland Office Space, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Property Management, Real Estate Investing, Recent Transactions, Retail Investment, SIOR
The Winner’s Circle

STILL HOT Investment sales, particularly industrial warehouse product, continues to achieve record pricing. Last month, a 125,000-square foot facility in Middleburg Heights sold for $13.7 million or $109 per square foot. This is the 12th industrial investment sale to break the $100 per square foot mark this year. –AP

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#CCIM, #CCIMGlobal, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Investment Commercial Sales Cleveland, Leased, MIDTOWN CLEVELAND, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Properties Magazine, Real Estate Investing, Recent Transactions, SIOR, Sold, Technology
DEAD IN THE WATER

If your building represents a sailboat that is quickly or slowly losing wind then pull it out of the water and put an engine on that sucker because if you don’t make a change soon your boat will be dead in the office market water.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Investment Commercial Sales Cleveland, Lease Renewal, Leased, Mixed Use Development, Multifamily Sales, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Real Estate Investing, Recent Transactions, SIOR, Sold, Trends
SIOR report shows sentiment waning in Office, Industrial

Despite a red-hot streak that’s outperformed other commercial real estate (CRE) asset classes, it seems that bullish sentiment on the industrial sector is finally cooling off.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, MIDTOWN CLEVELAND, Mixed Use Development, NAI Global, NAIOP, NAIPVC, Office, Opportunity Zones, Pleasant Valley Corp, Properties Magazine, Real Estate Investing, Recent Transactions, Retail Investment, SIOR, Sold
Increased FDIC oversight incoming for CRE bank loans

A recent report from the Federal Deposit Insurance Corporation (FDIC) states that Commercial Real Estate (CRE) lenders are about to come under greater scrutiny. In the report, titled “Supervisory Insights Summer 2022”, the agency adds that there will be an increased focus on new lending activity, along with CRE sectors and geographic areas that are “under stress.”

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Commerical Real Estate, Leased, Mixed Use Development, NAI Global, NAIPVC, New Orleans, Property Management, Real Estate Investing, Recent Transactions, SIOR, Smart Building Features, Technology, Trends
Strong recovery on the cards for US, Europe hospitalit

The good news in 2022 is that, as business travel and tourism resume, the hospitality sector seems set to hit highs we haven’t seen since before the pandemic.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Lease Renewal, Leased, MIDTOWN CLEVELAND, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Properties Magazine, PropTech, Real Estate Investing, Recent Transactions, Retail Investment, SIOR, Sold, Trends, ULI
New data shows declines in national distress rates

New data from commercial real estate (CRE) data provider CRED iQ shows the delinquency rate for commercial mortgage-backed securities (CMBS) continued its downward trend in June 2022, dipping to 3.30%, marginally down from 3.32% the previous month.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Amazon, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, E-Commerce, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Lease Renewal, Leased, MIDTOWN CLEVELAND, Mixed Use Development, Multifamily Sales, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Properties Magazine, Property Technology, Real Estate Investing, Real Estate Technology, Recent Transactions, Retail Investment, SIOR, Sold, Technology, Trends
Another lender announces slow down for CRE credit

Additionally, on the residential side, their PMI research indicates “a steep contraction in demand for real estate amid tightening financial cost of living”.

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Cleveland Commercial Real Estate, Cleveland Office Space, Commerical Real Estate, Industrial Space Northeast Ohio, Investment Commercial Sales Cleveland, Lease Renewal, Leased, MIDTOWN CLEVELAND, Mixed Use Development, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Properties Magazine, Property Management, Real Estate Investing, Recent Transactions, SIOR, Smart Building Features, Sold, Technology, Trends
CRE 2022: Positive metrics for the first six months

A new report out from JP Morgan Chase provides an interesting mid-year review for commercial real estate (CRE).

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#CCIM, #CCIMGlobal, #CLE, #CRE, 2022, Akron, Chicago, Cleveland Commercial Real Estate, Cleveland Office Space, Columbus, OH, Commerical Real Estate, Leased, NAI Global, NAIOP, NAIPVC, Office, Pleasant Valley Corp, Property Management, Real Estate Investing, Recent Transactions, SIOR, Smart Building Features, Trends
Dire office market predictions premature according to Moody’s

There’s no getting around it – the last couple of years have not been kind to the office sector.

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