COVID-19 Accelerates E-Commerce Surge, Sparking Investment in Industrial Real Estate

Industrial Real Estate COVID-19A little over two years ago, our hometown paper, The Columbus Dispatch, published an article about an emerging trend: the rapid growth in demand for industrial real estate in Central Ohio.

At the time, the article focused on the “Amazon effect” – the local warehousing of an enormous stockpile of products for regional distribution. With about 2 million square feet of industrial real estate in just two facilities, Amazon was king. But smaller businesses were about to be knighted, too, as online shopping continued to increase. Even then, the article noted that warehouse vacancy rates were trending downward to as little as 3 percent in the Grove City and West Jefferson markets.

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Boost Profitability of Your Farm for Sale in Ohio: 2 Determining Factors

Farm for Sale in OhioIf you are one of the 75,000+ principal farm operators in the state Ohio, you know that having a farm for sale in Ohio is unlike selling any other property. With the recent boom in housing sales and commercial real estate development, farmland has proven to generate a significant return on investment for you, the land owner.

By no means are we suggesting it’s a difficult process to sell farmland; however, the effort you put into prepping your farm for sale can pay off. There are two main factors that will determine the profitability of your sale, namely land evaluation and taxes. Therefore, we recommend you focus your attention here.

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How “Smart” Transportation is Transforming Commercial Real Estate in 2020

Smart Transportation & Commercial Real EstateIn March 2020, Mass Transit magazine (a business-to-business transit publication) featured a piece that was good news for Central Ohio residents. The article reaffirmed what a growing number of people have come to accept as a matter of course: exciting new transportation initiatives are transforming commercial real estate.

So, what was the good news?

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6 Mixed-Use Development Trends Embracing The Jetsons’ Lifestyle (in 2020)

Mixed-Use Development TrendsCould we all be living in an episode of The Jetsons someday? Mixed-use development in 2020 may not resemble Orbit City, but commercial builders, architects, and real estate investors are undoubtedly re-engineering the proximity of your personal and professional orbit.

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What’s My Business Really Worth? 12 Q&A To Solving Your Business Valuation Mystery [2020]

Business ValuationHave you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need.

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Celebrate Central Ohio Real Estate During Fair Housing Month [2020]

Central Ohio Real Estate | Fair HousingDid you know that all across the nation and in the Central Ohio real estate community, April is known as Fair Housing Month? A commitment to equal opportunity for every community, this year marks the 52nd anniversary of the landmark celebration. Each year, we recognize the importance of this event and reconfirm our commitment to upholding fair housing laws through our property management services; we accomplish this through our commitment to offering equal CRE services to everyone throughout their commercial real estate journey.

As you look at prospective investors of residential and multifamily properties (as well as commercial properties), join us in taking fair housing in our great region seriously – not just this month, but every month. Learn more about Fair Housing and what you can do to get involved, below.

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4 Sustainability Trends Driving Commercial Real Estate for Earth Day 2020

CRE Trends Earth Day 2020Exactly half a century ago, the United States inaugurated a special day, April 22, as Earth Day. As we prepare to commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry.

What began as a localized, American movement, is now celebrated by more than 192 countries. The goal is simple but profound: raise awareness regarding humanity’s impact on the global climate and how, collectively, we can affect positive change. Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. Continue reading…

Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property in 2020

Special Purpose PropertyWith spring around the corner, a feeling of rebirth is in the air across Ohio. But for up-and-coming neighborhoods with a special purpose property or unique properties for sale, the soon-to-be bloom time might as well be called boom time.

Something “special” is taking place in neighborhoods throughout the Columbus region. Just look towards Franklinton (just west of the Scioto River, subdivided into East and West), the Arena District, or once-downtrodden places like the Short North Arts District (running in a narrow strip along N. High Street from the convention center to 5th Avenue).

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Your Ohio Commercial Property Reassessment Cheat Sheet [2020]

Property Reassessment DroneWith recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment is nearly complete.

Ohio law stipulates that a comprehensive property reassessment is completed every six years, with an update at the three-year midpoint. Auditors from across the State spend years evaluating a select list of criteria to determine a property’s value and, thus, its new tax rate. As Ohio business owners know, a lot can change in that time. For some, that means they can expect a tax hike. For others, it might mean a decrease. Lastly, some commercial property owners will see a negligible difference, regardless of the appraisal.

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6 Ways to Get Organized After Finding Small Office Space for Rent [2020]

Finding Small Office Space for RentAre you still sticking with your New Year’s resolutions of becoming more organized? Maybe you can up the ante after landing a new small office space for rent!

For many business owners, the beginning of the year marks the time to start fresh and work on efficiency. Perhaps, in an effort to do so, you have decided to begin with a completely blank canvas for your small business by relocating to a new officespace. No matter what the reason is for the change, one thing is for certain: You need to know how to become (and stay) organized… today.

The idea of organizing your small office space rental may seem daunting. You are busy! How can you find time to do all of this with everything else on your plate?

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Investing Your Bucks in the Buckeye State: Why Ohio’s Opportunity Zones Are Poised for Growth in 2020

Ohio Opportunity ZonesThanks to the passage of the 2017 Tax Cuts and Jobs Act, Opportunity Zones have fueled economic growth in communities throughout Ohio. Clark Gable, famed Hollywood actor and Ohio “native son,” reflecting on his life, once remarked that he was “just a lucky slob from Ohio who happened to be at the right place at the right time.”

But, you can bet that he would have felt a whole lot luckier with Ohio’s economic Opportunity Zones now in place. Opportunity Zones offer a bevy of tax incentives to individuals and businesses that reinvest in economically distressed parts of the state at-large and the greater Columbus, Ohio region. Similar in some respects to New York City’s local Business Improvement Districts (BIDs), Opportunity Zones encourage financiers to invest their capital gains in businesses or properties in economically distressed, impoverished areas.

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The Conclusive CRE Guide to Opportunity Zones

CRE Guide - Opportunity ZonesAre you aware that you may be eligible for preferential tax treatment by investing in Opportunity Zones? You don’t even need to live, work or have a business within the area of your investment! Discover how you can use this economic development tool to benefit your bottom line for the upcoming tax season, while also boosting economic development and job creation in underserved communities.

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52 Tips to Negotiate an Office Space for Lease in Columbus, Ohio [2020]

Negotiate Office Space for Lease in Columbus, OhioAre you searching for office space for lease in Columbus, Ohio? The region certainly has a lot to choose from, providing you understand the best methods for your search for office space. Once you find that dream office, though, you have to rely on your preparations and negotiating strategies to get the best lease price and terms of the space. You’re likely here because you want to learn some tactics. The best thing you can do is strategize, research, learn, and ask plenty of questions; doing so will ensure that you have a good understanding of the lease and level the playing field when negotiating. This comprehensive guide, packed with 52 top tips, will help you fully prepare so you enter the negotiation with confidence.

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What Is a Land Contract In Ohio? Full Guide [2020 Update]

Land Contract in OhioIn real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in:

  • Farmland or raw land
  • Multifamily housing
  • A commercial building
  • A home or condo

While a land contract might be ideal for you, there are important details you need to know, first. So, what is a land contract agreement, and how does it work? Let us give you a lay of the land (pun intended)! Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller.

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Buying or Selling Ohio Land for Sale? Think Land Appraisal.

Ohio Land for Sale? Think Land Appraisal!When there is Ohio land for sale – whether it is raw acreage, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a buyer, owner, or seller, understanding the true value of the real estate in question is important. This will help you make the most of your real estate decision. But first, it’s important that you understand the process of a land appraisal and know what to expect.

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A Conservation Easement Guide to Protecting Our Treasured Land

Conservation EasementThe importance of a fully modern open space preservation vehicle, the conservation easement, cannot be better summarized than by than our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power – and beauty – of a conservation easement in the following quote:

“Here is your country. Cherish these natural wonders, cherish the natural resources, cherish the history and romance as a sacred heritage, for your children and your children’s children. Do not let selfish men or greedy interests skin your country of its beauty, its riches or its romance.”

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Conservation Easements Pros and Cons: Keep Ohio Cool and Green

Summer in the Buckeye State can be a sultry affair. And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. From a climate perspective, a green oasis can help cities lessen their urban heat island effect.

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5 Investing Tips for Commercial Real Estate Beginners from Industry Leaders

Investing Tips for Commercial Real Estate BeginnersWith the warmth of the summer season on everybody’s mind, it’s natural for investors, especially those in commercial real estate, to divert their attention to new opportunities. Spring brings tax season, a time when investors assess their current holdings and plan for the future. Now, with the tax season behind us, investors are in the driver’s seat and ready to diversify their portfolio. This realization is as true for commercial real estate investors as it is for residential property holders.

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Investors’ Guide to Mixed-Use Property for Sale: Understanding the Live-Work-Play Hybrid [2020]

Guide to Mixed-Use Property for SaleIt’s easy to be mixed-up about mixed-use property for sale! The sector offers a head-spinning amalgam of residential, commercial, hotel, and retail space; however, each piece harmonizes to form an immediate community. Not to mention that mixed-use properties are especially popular in our hometown of Columbus, Ohio, spread across the urban and suburban landscape.

Are you ready to mess around with mixed-use property for sale? First, as a prospective investor interested in the mixed-use real estate development concept, you must understand the requirements of these unique community environments and the people inhabiting these structures. That’s why our in-depth review of mixed-use space will provide the insight to make a wise investment decision. Join us as we explore the benefits of investing in mixed-use properties, survey a cross-section of the different types of properties, scrutinize current trends in the market, and discover why mixed-use property for sale is such a good investment.

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Ding-Dong! Retail is NOT Dead! The Resurgence of Retail Space for Lease in Columbus, Ohio

Retail Space for Lease in Columbus, OhioThe future of brick-and-mortar retail may not be in dire straits as many analysts have predicted over the last few years. Even with skyrocketing online sales (a 16% increase in 2017 alone), shoppers still enjoy personal relationships, experiences, and the comfort of physical store settings. Moreover, the cause of business bankruptcy may not be due to competition, but the result of poor management, increased debt, or general market conditions.

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