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.

NAI Pleasant Valley is proud to announce the recent sale of the 2700 Cory Ave property in Akron. The 7,036 sq/ft building sits on approximately 5 acres. The site will be the new home of Hercules Tree Service. Scott Raskow and Bob Raskow, SIOR represented the seller in the transaction. This sale had begun at the beginning of the Covid-19 outbreak, closing in a rather quick time frame. This shows that certain markets are still very active, despite the pandemic.…

While restaurant reopen timelines are still largely TBD, this industry has a lot of work to do before they’re ready to welcome guests again. The virus has impacted the global restaurant scene unlike any other. While many are concerned about small businesses, local eateries around the country have been hit with an unprecedented onslaught of issues. Food supply delays, serving restrictions, mandatory closures, and a widespread avoidance of restaurants have hit the foodservice industry with curveball after curveball. Depending on location, some restaurants…

Cleveland, Ohio – NAI Pleasant Valley announces the following leases in the Greater Akron Area: 2066 Romig Rd. LEASED – NAI Pleasant Valley is proud to announce a new lease located at 2066 Romig Rd. The space is located less than a 1/4 mile from the new Amazon distribution center. The tenant plans to be open in spring of 2020. Scott Raskow and Bob Raskow represented the landlord in the transaction. 3232 S. Main St. LEASED – NAI Pleasant Valley…

5G is here. Is your building prepared to handle the transition? The widespread adoption of 5G is impacting more than just connectivity and cell phone signals – it’s also having a massive effect on CRE’s physical spaces. Commercial buildings and the businesses they host need to be prepared if they’re going to make the most of the 5G revolution. Here are 3 things to look out for as this new wave of wireless develops: 5G Requires a Boost in Tech…

As we’re approaching the industry’s slow seasons, we all can benefit from adopting some tenant-attracting strategies. Compared to winter and autumn, the spring and summer months can bring about a slow down for the CRE biz. Property owners who still have vacancies on their hands should step up the game to get tenants – especially when it comes to multifamily properties. Here are 4 winning ways to lease rental properties within multifamily buildings. Everybody Loves Incentives If you’re looking to…

You’ve likely heard the term ‘transit-oriented developments’ being thrown around lately. Whether it’s in business conversations, in article headlines, or on an expert interview; it seems like everyone in the commercial real estate business is interested in transit-oriented developments. But why the sudden burst in popularity? Well, it’s really because transit-oriented development projects are the new ‘golden child’ of the commercial real estate industry. It seems like every commercial real estate pro has their eyes on transit-based developments. Tenants, developers,…

The global professional infrastructure is not what it used to be. The once rigid, stuck-in-the-old ways workplace scene has undergone immense changes in the past few years, transforming into something completely new. The contemporary office scene is more flexible than ever as it’s adapting to meet the needs of the evolving workforce. Thanks to advances in communication and transportation, business professionals are spending more time outside of the office and taking their work elsewhere. The mobile workforce is bigger than…

Technology has the potential to streamline our entire lives. Today’s tech can lend a hand in solving our problems, handling everything from day-to-day tasks or complex issues. When such vast possibilities are available to us, society must decide when to draw the line. When does employing automation become too much? When does something become too easy? This crossroads is where commercial real estate currently stands. Should the commercial real estate transaction process be made easier? As with any business, there…