The economy has set the stage for surging demand within commercial real estate, particularly for industrial space for lease. CRE industry experts are now asking: can we keep up?
Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio.
Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment. Regardless of whether this is your first purchase or tenth, investing in commercial properties for sale comes with a unique set of challenges. So, with that thought in mind, we’ve created a comprehensive guide listing the top 5 tips for beginners, as well as a due diligence checklist, along with a list of pitfalls to avoid during the process. Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought!
Are you looking to buy land in Ohio? Your first priority is to get organized! When buying land in Ohio for commercial use, especially vacant lots and raw land for sale, it may seem as though there would be less to worry about since you do not need to concern yourself with things such as structures and tenants. However, buying land is a very complex decision, which requires a great deal of thought.
First things first… Determine your basic objectives:
It’s a great time to become a Columbus, Ohio REALTOR! Did you know that a real estate agent is ranked in the top 20 list for best business jobs and top 100 list for best jobs, in general?
Below you’ll find out the “4-1-1” on joining the Columbus, Ohio real estate industry. Learn the difference between a REALTOR and real estate agent, and how to become a licensed real estate agent. Then decide which path you want to take as a professional!
Are you looking at the various commercial properties available right here in Central Ohio? Consider these 6 reasons why Central Ohio is the prime area for an investment.:
- Columbus now has the second-largest economy in Ohio; the Columbus region holds financial and business services that account for nearly $130.8 billion in economic output, annually.
- 35% of the population in the Columbus region, aged 25 or older, holds an bachelor’s degree or higher – making them a highly employable job force.
- Ohio is ranked as one of the top three most business-friendly tax climates in the United States by both KPMG and Ernst & Young.
- There is no corporate income tax, and inventory tax, and personal property tax in Ohio.
- Ohio commercial property tax ranks 11th lowest in the United States.
- The annual cost of living in Ohio is 10% less than the national average.
Doesn’t it feel as if you only just moved into your current office; and already, here you are searching for the next perfect office space for rent in Columbus, Ohio for your expanding team?
Acquiring office space for rent in Columbus, Ohio has never been a smarter decision than now. In fact, Columbus is ranked as the #1 metro area in the United States for Global 500 headquarters! With all that you have on your plate, searching the office space Columbus, Ohio has to offer can feel overwhelming. But it doesn’t have to be. So, how can you get started on your quest today? And what should you take into consideration? Find the answers to these questions and more, below.
So, you’re here because you want to know the definition of commercial realty. Unofficially, there are two different meanings of this phrase. Here, we’ve outlined each meaning, and also packed in some tips on buying commercial real estate!
If you are one of the many property management companies in Columbus, Ohio, then you should be well aware of National Association of Residential Property Managers (NARPM®). If you’re not involved or familiar with the association, here’s a brief description: NARPM consists of real estate industry insiders with ample knowledge of the problems and challenges that the property management industry faces – specifically concerning single-family homes and small residences. The assocation is based on providing education, resources, and tools for professional residential property managers, as well as owners and employees of property management companies in Columbus, Ohio and throughout the U.S. who strive to learn, succeed, and build lasting relationships.
What kind of commercial real estate agent are you? Or what type of CRE agent are you looking to hire? The commercial real estate agents Columbus, Ohio trust have their own unique style of connecting with clients. Perhaps you are – or are seeking – a calm and collected agent who focuses on the details and numbers – a straight-shooter. Or maybe you like to have a bit of fun and display some humor with your clients or agent – within reason, of course. Aside from demeanor, there are 5 common behaviors and credentials that stand out in all successful commercial real estate agents, as outlined below.
Some people see the springtime as the perfect time of the year to clean out their attic. However, springtime is also prime time for finding amazing deals on commercial real estate in Central Ohio!
For a real estate investor, it may seem like a no-brainer. Tax season ended not too long ago; you closed out another year of investments and finances, and it is time to start fresh. Why not start by discovering the best commercial real estate Central Ohio has to offer, and adding to your pool of investments?
Finding tenants for available rental properties isn’t as simple as securing any tenant to occupy the space and collecting rent checks. There’s an important and potentially lengthy screening process you should undergo before allowing a business or residential tenant to move into your coveted space. Follow these four steps to ensure you find the best possible tenant and agree upon ideal lease terms for your available rental property for lease.
With all of the commercial real estate available in Columbus, Ohio, are you considering making an investment? If so, you may also be weighing your options for financing that purchase. Did you know that the US Small Business Administration’s (SBA) 504 Loan Program (also referred to as the Certified Development Company [CDC] loan) may be able to provide your small business with a loan for major fixed assets, such as land and building development?
Your goal of investing in commercial property may be closer in reach than you think! Find out why…
Considering an investment in commercial real estate? Want to build a successful portfolio with an attractive rate of return? The decision to invest in multifamily properties for sale may be a solid option for you.
Jones Lang LaSalle, a financial and professional services firm specializing in commercial real estate, recently published a report on CRE trends. This report indicates that the market for multifamily properties is growing, boasting U.S. sales of $139.3 billion for 2017. So, what are you waiting for? Below are five reasons why you should consider investing in multifamily properties for sale.
If 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.
Have you ever been in a situation where you felt as though you were wronged by a licensed Central Ohio commercial real estate professional? While we hope you never find yourself in this circumstance, there are times where a “professional” may not do his or her job properly. Fortunately, you are not without resources to try to rectify the situation. Filing a complaint against a certified Ohio commercial real estate professional comes with a variety of options, as outlined below.
What’s in a name? Ever thought about how your name could forecast your career aspirations? In researching ‘Weiler,’ we were surprised how the origin of our founder’s name is connected with our industry. What do we mean? Find out below.
Have you reviewed your local real estate market and wondered if you should jump on a specific Ohio property for sale? For an investor, it does not always have to be about buying property for the sole purpose of making it their home or business. Have you ever considered “flipping” property? With this guide, we hope you’ll gain the knowledge, inspiration, and ideas to create a solid plan. You can become very successful in the business of flipping properties; you just have to get off on the right foot. Here’s how…
Buying commercial real estate is one thing – it requires maintenance and upkeep. Buying hunting land for sale in Ohio, however, is an entirely different situation. Not only does it require maintenance and upkeep for human standards, but if the buyer wants to use it for its intended purpose (you know, hunting) then it needs to be both prepared and maintained for deer.
Creating an ideal habitat for deer means that you need to overcome quite a few factors, and also take advantage of what you can control. Before selling your hunting land, consider taking it off the market temporarily and make upgrades in order to increase your return on investment (ROI). There are many ways to increase the value of your Ohio hunting land for sale; however, these two areas of focus will get you off to the right start:
The benefits of owning commercial property are vast, and even more protracted when you purchase rental properties for sale in Columbus, Ohio. Seated in Franklin County, Columbus is the largest city in the state, and the capital of Ohio. Columbus offers great opportunities for investors looking to buy affordable properties. Buying one or more rental properties means that you’ll have access to a permanent home in a second location (should you choose to live in one of the spaces); most of all, you will also generate profit from it year-round. Below are four ways you should prepare before you start searching for rental properties for sale in Columbus, Ohio.
Are you looking to advance or better your career as realtors in Columbus, Ohio? Trying to enhance your knowledge of real estate or grow your network? There’s one place for all of those things: The National Association of REALTORS®, otherwise known to industry “insiders” as NAR.