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Commercial property management is a year-round task as weather changes can bring unexpected complexities throughout the seasons. This is the case for any property manager, from off-site property management companies to professional on-site property managers, and especially for inexperienced property owners. Every season poses a unique set of challenges. The commercial real estate investment property you oversee must be ready for any weather condition, regardless if you’re encountering winter snow or summer winds. Managing apartment buildings, or an office, retail, or warehouse space? Get out your calendar and start jotting down these property manager maintenance tips to follow during each of the four seasons.
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Did you know that April is known as Fair Housing Month in the Central Ohio real estate community and nationwide? This year marks the 55th anniversary of the landmark celebration that is a commitment to equal opportunity for every community. 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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Owning commercial property is a huge responsibility. Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. The ability to outsource oversight and stewardship of commercial property removes a considerable burden of responsibility, allowing CRE owners more time to focus on generating ROI on current and future investments.
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As experienced Columbus property managers, one thing is for certain: you are always looking for ways to better the lives of your clients. One of the ways you do that is by enhancing your experience and qualifications. While there are various licenses and certifications that you can obtain, some stand out among the rest as the best of the best in Columbus real estate.
And you want to stand out, too.
Have you considered joining the National Association of Residential Property Managers (NARPM®)?
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If you’re looking to lease commercial space, it’s helpful to have reasons to negotiate. Negotiating a commercial lease is the most important aspect of renting commercial real estate for lease.
There is no “standard” commercial lease agreement. A commercial lease can be customized by both parties. Landlords typically provide their own leases to prospective tenants of their commercial real estate for lease. However, their lease is only essentially a proposal. There is usually much room to negotiate.
It’s important that you carefully review the commercial lease agreement before signing. Fully understand all terms, costs, clauses, and responsibilities of the tenant and landlord regarding the commercial real estate for lease. Since a lease agreement is legally binding, you should have a commercial real estate lawyer review the document first. An attorney specializing in commercial real estate law can help you understand the terms and make sure your interests and rights are protected.
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In the film Ready Player One, Columbus, Ohio, was depicted as the fastest-growing city on Earth in 2045. Why? Because it’s where fictional game developers James Halliday and Ogden Morrow of Gregarious Games launch the OASIS, a fully interactive immersive VR gaming environment where a growing percentage of the human population goes to escape.
While the well-received Steven Spielberg movie may have had thick overtones of a dystopic future, it is impressive that Central Ohio is so prominently featured. From a real-world natural and societal resource perspective, however, it also makes a lot of sense. Even without a mid-century dystopia (fingers crossed), Columbus, Ohio has long benefitted from various advantages. The Arch City is on a trajectory of commercial real estate greatness that overtakes the coasts, robbing them of their long-held Atlantic and Pacific appeal.
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An Overview: What Is Industrial Space for Rent?
While not the most scenic part of any city, industrial space for rent powers the corporate infrastructure of America.
Before 1760, most Americans made their living farming and lived in widespread rural communities. The onset of the industrial revolution fundamentally changed the way that ordinary people interacted within society. With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. The great strides in production and manufacturing fostered our economic infrastructure, a system that provides more products with greater efficiency at lower prices.
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Are you looking to buy commercial buildings for sale in Columbus, Ohio? If you’re considering investing in Downtown Columbus, you have made a great decision! Are you familiar with the Columbus, Ohio real estate market conditions? What about the financial viability of the types of property in which you are looking to invest? Buying commercial property for sale can have an incredible outcome; however, it can also come with its fair share of challenges. Below are fifteen areas of focus and questions to consider.
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While the major news headlines speak of an impending recession, commercial real estate investors continue looking for market stability and profitability. That’s why warehouse space for sale in the Columbus, Ohio region has never looked better!
It’s easy to allow the naysayers to overshadow our optimism with the uncertainty of these challenging financial times; however, industrial real estate continues to be one of the hottest CRE sectors in the nation. And according to industry experts (and some of our own in our blog post on warehouses for rent), warehouse spaces will continue to grow for years to come.
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In the age of social media, we frequently ask friends and family for their thoughts on a subject. Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions.
Fortunately, we do not conduct commercial real estate appraisals on social media! And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. Continue reading…
What’s so special about living landlocked in this part of the US? Residents of Greater Columbus, Ohio may rattle off a list that includes: friendly neighborhoods, down-to-earth people, stress-free rural living juxtaposed with affordable downtown living, vigorous four seasons, and yes, that famous Midwestern humility. But proximity to a new Intel Corporation fabrication plant whose construction might one day ease future global chip shortages might be another reason to love our region.
The groundbreaking for the $20 billion facility is slated to begin later this year and is expected to open by the end of 2025. That’s about 36 months to go, or a little more than three years, if you’re keeping score.
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With the global economy rebounding from its pandemic lows, residential and commercial property hunters are again on the prowl, eager for exciting opportunities at optimal prices.
The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed.
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Managing your Columbus, Ohio property search can seem like a daunting task. After all, there’s a lot to consider. But don’t worry! The Robert Weiler Company has gathered seven helpful tips, sure to assist you in conducting the best property search in Columbus, Ohio as possible.
As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals. It’s what we do! Read on for our expert tips and tricks of the trade. Also, see why Columbus is a hot spot for commercial real estate investors.
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Is buying land a good investment in Ohio? Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. Reports have revealed a strong land market. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®.
As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. While the forecast varies among sectors, the overall outlook for the year’s second half remains positive. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. See below why we feel Ohio land for sale market is still ripe for growth.
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If you have been an avid investor over the last few years, you know there hasn’t been a better buy than Columbus real estate. Home prices and sales continue to trend upwards, population growth shows no sign of slowing down, and business expansion is seemingly the norm. So, why are you waiting to make that commercial real estate investment?
The Arch City has not only a diverse population but also many different types of commercial properties for sale, which are ripe for your investment. Commercial real estate in Columbus, Ohio primarily includes apartment buildings, retail centers, industrial warehouses, land for sale, and office buildings. As such, determining where you put your money is immensely important. Below are some considerations for each property type.
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Buying commercial real estate is one thing – it requires maintenance and upkeep. However, buying hunting land for sale in Ohio 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), it needs to be prepared and maintained for deer.
Creating an ideal habitat for deer means you must overcome quite a few factors and take advantage of what you can control. Before selling your hunting land, consider temporarily taking it off the market and upgrading it to increase your return on investment (ROI). There are many ways to increase the value of your Ohio hunting land for sale; however, these nine areas of focus are sure to help:
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Sometimes it seems as if crystal ball predictions are as much a Q1 tradition as an end-of-year seasonal cheer.
While it’s true that writing an outlook on the year ahead has become part of the ritual for many companies, such outlooks are, in fact, valuable. It is especially true if said previews are based in reality and not on the wish lists of what executives would like to see.
At The Robert Weiler Company, a full-service commercial real estate brokerage and appraisal firm since 1938, we’ve seen a lot of trends come, and a lot of trends go. And after nearly 85 years, some of those CRE trends have come back around again, reaffirming the adage that everything old really is new again.
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As a commercial real estate brokerage in Columbus, Ohio, we know that our city’s population of 900,000 doesn’t rival the country’s major metropolitan areas. Our great urban jungle in the heart of the Midwest doesn’t even make the top 10.
But Columbus, Ohio’s modest city size belies the fact that when you include its suburban, exurban, and near-rural outer lands, it’s a thriving region of a much larger construct that’s as diverse and as intricate as any other larger city on the map. The greater Columbus, Ohio area is home to 2.1 million people, spread out over 4,797 square miles.
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When it comes to buying commercial real estate for sale – both across the US and here in Columbus, Ohio – the diversity of enterprises and sheer size of the industry can be staggering. In fact, according to the US Energy Information Administration, there are an estimated 5.9 million commercial buildings in the US for a total of 97 billion square feet. By comparison, an Olympic-sized pool contains 13,455 square feet. To match the girth of American commercial real estate, it would take 7.2 million pools to fit it all in.
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Just as farmers select the types of crops to grow and where to locate them, buying commercial land for sale in Columbus, Ohio requires similar forethought. Because a property looks great doesn’t mean all legal entanglements have been resolved, or there aren’t unforeseen challenges. In short, don’t let the fervor of early spring and the exhilaration of a new beginning blind you to property shortcomings.
Since 1830, the U.S. Census Bureau has never recorded a decrease in Columbus, Ohio population. And for the past 30 years, the city has achieved double-digit population gains – a hard feat in the urbanized and industrialized Midwest. That means vacant downtown Columbus commercial real estate is rare. But it also means suburban and rural areas are waiting to be discovered, improved, and purchased! Continue reading to realize these opportunities, learn essential land buying tips, and find out why so many companies are choosing to buy commercial land for sale in Columbus, Ohio, and the surrounding areas.
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