How is the environment for commercial real estate in Cincinnati currently shaping up?
Cincinnati is experiencing a tight industrial market with limited inventory for larger scale deals of 100,000 square feet and greater. These larger deals are mostly taking place in the Northern Kentucky area, while the medium-sized deals, from 50,000 to 100,000 square feet, are typically found in the Northern Cincinnati area. Freestanding building sales continue to be strong as their available time on the market continues to decrease. Cincinnati’s office leasing market continues to get stronger as vacancies decrease. The market is seeing more large deals than ever before. This activity is expected to continue well into 2008. Why is the rise of mixed-use projects beneficial to all parties involved? These projects work to everyone’s advantage for a couple of reasons. First, they allow the owners/developers to spread the risk and cost across different product types that appeal to different audiences, especially if it is expected to take awhile for the office space to lease at your desired
