Tag Archive: Worthington

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…

Columbus Art Festival – June 7-9, 2013

Last weekend was the annual Columbus Art Festival and it was better than ever.  Even the weather cooperated this year and the crowds turned in mass.  Downtown Columbus at ground level is unrecognizable from just a few years ago with the new Columbus Scioto Mile and the Columbus Commons.  

Columbus and Central Ohio Home Sales – April 2013

Home sales hit a record high last month with 2,390 closing versus the previous high of 2,286 in April 2004.  This is a 30 percent increase from April last year. Year to date, prices are up 1.5 percent from last year with April at $163,084 up from $149,477 in January. ”Even with more homes being…

Columbus Ohio Ranked Second by Gallup for Job Creation Last Year

Of the top 200 U.S. markets, Columbus ranked second with a score of 30, only behind Houston (33) and followed by Orlando (29), Charlotte (28) and Salt Lake City (28). The job creation score was created based on a survey of local employees with a question of whether their employer was adding or cutting jobs. …

Columbus and Central Ohio Residential Sales Report – March 2013

The Columbus and Central Ohio MSA new and resale homes report show that the market remains strong and is getting stronger. Homes sales for the quarter were up 17.6 percent over first quarter last year and pending sales are up 19.3 percent. Median price at $135,000 for March was up 4.9 percent over the $128,650…

Columbus and Central Ohio Home Sales recap for 2012

There were 22,915 homes sales for all of 2012 and that was up 15.5 percent from 2011.  These are the best numbers since 2007. Average sales price was up 7.2 percent to $167,459 for 2012 and December was $158,898, which is up 7.5 percent from December 2011. Median price was also up 8.7percent to $144,500…