Where Are The Buyers ???
According to Steve Timmel of Grubb & Ellis West Shell 94% of the Cincinnati area office/industrial deals completed in the last 36 months have been to buyers from outside the Greater Cincinnati area. This statistic is astounding ! What is it about the Greater Cincinnati commercial real estate market which is so attractive to out of state buyers and investors ? Could the stability of the economy and lack of large swings have something to do with it ? After what we have all been through in the last 24 months a commercial/industrial market such as Greater Cincinnati is like a breath of fresh air. The new normal to coin a phrase !
Vacancy rates are up; occupancy rates are down. This spells opportunity for tenants and challenges for landlords. The instinct which once prevailed in the real estate industry was to "go for the jugular" and cut the best deal you possibly can. But real estate professionals know that today's "tenant market" will become tomorrow's "landlord market." So, savvy real estate professionals are approaching the present "soft" market with a creative approach which has the intention to make everyone a winner. 
