Lease Vs. Own – What is Right for You? In my last post, we discussed the most important factors to consider when leasing space in an office building, specifically a downtown office building.  This week, we will take a step backward to review what leads a business owner to the decision to lease or purchase.  When considering a change, many owners will need to contemplate the following – does it make more sense to purchase or to lease my business’…

Alex J. Pacella, CCIM I’ve always been a fan of watching the weather forecast. I love seeing maps that show weather fronts, high- and low-pressure areas, storm systems and don’t even get me started on long-term forecasts. But one thing that I always felt is a “free pass” is the famous “partly cloudy / partly sunny” forecast. This seems to be a catch-all, as the optimistic interpretation is just a few wispy clouds, the pessimistic interpretation is an intermittent drizzle,…

By: Joe Hauman This blog will cover the basics of building on spec and the current spec market forecast in my home market of Cleveland, Ohio.  What is the Definition of Building on Spec? Spec means speculative; in its most basic form, spec is when a developer constructs a structure without a tenant in mind to use the space. When a developer builds on spec, they have no specific tenant in mind and rely on their broker to find one…

Factors to consider when leasing downtown office space by Noah Broadbent As a tenant and business owner, one of the most important decisions you will make is determining where to locate your business. Juggling factors such as where your employees live, access to public transit and rental rates can prove to be a more challenging decision than many anticipate. Whether you’re thinking about leasing office space in a downtown like Cleveland’s Central Business District (CBD) or a suburb, consider these…

In 1984, a little-known actor smashed on the scene, literally and figuratively, as the villain cyborg known as the Terminator in a movie of the same title.

Multifamily sales in Singapore, for example, are expected to improve, with some analysts anticipating a “more than 10% increase in the number of homes purchased by Chinese this year” in the city-state.

“In the multi-family sector, starts are expected to finish the year [2022] up 16%, but will drop 9% next year.”

Other trends, like the Bring-Your-Own-Device (BYOD) movement where employees use personal devices in the office, create additional avenues of attack if those devices aren’t properly secured.

This month, we are going to continue the school day and, along the way, weave in the theme of renovation being covered throughout this issue of Properties.

With the Top Tech series of blogs, we aim to highlight some of the ones that have caught our attention while also showcasing the work of NAI partners that we feel are changing the CRE game.