Tag Archive: Worthington

Mid Ohio Regional Planning Commission – Insight 2050 Report

Mid Ohio Regional Planning Commission (MORPC) with collaborative partners Columbus 2020 and ULI Columbus released their final draft of their Insight 2050 report to compare and contrast four different possible growth scenarios for Central Ohio. The four scenarios compare growth similar to what we’ve done in the past with urban sprawl in Scenario A to…

Columbus Ranked 8th for Economic Growth

The U.S. Bureau of Economic Analysis ranked Columbus, Ohio eighth for economic growth according to new data that takes a fresh look at economic output generated by individual U.S. metro areas. Columbus came in at nearly double the national average of 1.7 percent with 3.2 percent GDP growth since 2012 “The metros where economic output…

Forbes’ Magazine Names the 19 Top Opportunity Cities with Columbus Ranked First

I suspect this is true given the number of creative niche retailers such as what we have in the Short North plus the tech start ups that we have all over Columbus. Then you throw in the 110,000 or so college students that we have in Columbus downtown area and first ring suburbs, and it…

Columbus North – Route 23 and I-270 Interchange

Anyone who spends much time around north Columbus and especially eastbound motorists on I-270 approaching the Worthington, High Street  / Route 23 Interchange has long known that there’s a serious problem. This is the third busiest interchange in Central Ohio and probably the state, with a vehicle count of over  173,000 traveling through it daily. …

Columbus Ohio 2014 Festival Schedule

columbus commercial real estate

If there’s thing that we really do well in Columbus Ohio, it’s the festivals that run from spring to mid autumn. At the link, thanks to Columbus Underground and specifically Anne Evans, is a complete, well researched directory to all of the events. I’ll link directly to some of them, but for the full list,…

Columbus Ohio – Rust Belt Becomes Recovery Belt

Steve Steinour who coined the term ‘recovery belt’ after arriving in Columbus five years ago to head up then struggling Huntington Bancshares.  I think he’s been thoroughly impressed with the breadth and depth of not only Columbus and Central Ohio’s recovery , but Ohio as a whole. “We had our challenges, to be sure –…

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Owner User Commercial Real Estate Making a Comeback

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space.  However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again. I’m seeing this with Columbus commercial…

About Me

Scott Harris Realtor

I’m Scott Harris, a Realtor licensed in both California and Ohio.  With Scioto Commercial Realty Group in Ohio and KW Commercial in California, representing full-service commercial real estate brokerages located on 1225 Dublin Road in Columbus Ohio and 2701 Ocean Park Blvd., Santa Monica, CA, specializing in triple net, single and multiple tenant retail, multifamily,…

For Commercial and Investment Real Estate – Contact Me

Commercial Real Estate Properties For Purchase, Sale or Lease.  Includes  triple net or modified gross, single and multiple tenant, retail, office and industrial commercial property.   Commercial realtor / broker/ agent who facilitates IRS section 1031 exchanges on retail office or industrial, NNN leased properties. Licensed in California and Ohio for you commercial real estate needs…

Canadian Commercial Real Estate Investors Heading South to Buy or Lease

Recovery has been very slow in the United States commercial real estate office and industrial markets, but falling vacancy and limited new development, from constrained construction financing, should push rents up in 2014.  This will make the U.S. market more attractive to Canadian investors. Canadian markets have slowed because of overbuilding and weaker demand although…

Columbus Commercial Real Estate for Lease Needed

Client need for 1,800 to 3,000 square feet of net leased retail space for restaurant use in Uptown Westerville, Bridge Street in Dublin, New Albany, Clintonville, Short North or Grandview Heights. Powell would be fine too, but there are no liquor licenses available as best as I can tell.  If you know different, please contact…

Columbus and Central Ohio Employment Forecast for 2014

Columbus and Central Ohio can expect job growth far above the average in Ohio and above the national average.   The region is expected to add 18,200 jobs this year, which is a gain of 1.9 percent according to Bill LaFayette, owner of the Regionomics consulting firm.   He also says that this is his strongest forecast…

2013 Commercial Real Estate Review

It’s that time of the year again when everyone and their mother posts their yearend review for 2013 and/or forecast for next year, 2014.  I’m not going to do that, but instead linked is Deloitte’s 2014 commercial real estate forecast, which is long, detailed and usually fairly accurate.  I will summarize and editorialize a bit…

Columbus Commercial Real Estate – Retail vacancies fall

According to Central Ohio Information Exchange (COCIE), Columbus and Central Ohio retail vacancies are falling due to little new supply coming on line and much heavier leasing activity over the third quarter of 2013. Over 200,000 square feet of space was absorbed this summer, but big box retail anchors have been slow to expand.  Developers…

Triple Net Retail Commercial Real Estate Market Update

Existing triple net retail commercial property has experienced quite a resurgence over the last couple of years for several reasons. First, new construction of triple net retail commercial property for sale and lease has remained at generational lows forcing rents up on existing inventory.   True, that retail real estate for sale are at prices that…

Big Box Retail Goes Small Box

Walmart Market Center

We’re accustomed to seeing 180,000 – 220,000 square feet Walmart Super Centers all over the country over the last couple of decades, but many communities fight tooth and nail to keep net leased retail of this size out of their communities. The big box large triple net retail market is morphing a bit to address…

Columbus and Central Ohio Residential Sales for August 2013

Not only is Columbus commercial real estate for sale doing well, Columbus and Central Ohio residential just had an all time record month for an August and a record year to date. Homes sold as of end of August were up 22.9% as compared to year to date in 2012.  Plus, August 2013 sales of…

Basic Types of Leases Including Triple Net Retail

I get a bunch of calls from proprietors starting a new concept and looking for a new space to lease or investment buyers looking for triple net retail leased properties to purchase so I thought it would be a good time to review the basic lease types. The corporate backed, investment grade, single tenant, triple net…

Columbus and Central Ohio Housing Report for July 2013

The Columbus and Central Ohio market is as on fire as it has ever been with July 2013 sales of 2,855 homes posting near all time monthly records sales for last month with only August 2005 and June 2006 higher. Year to date sales of 15,988 are 24.2 percent higher than last year.  3,515 homes…