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DRK and Company Realty is now proudly offering 71 Brice Road North for lease or sale to Greater Columbus-area businesses.
Situated on 2.95 acres, this industrial warehouse building includes 1,500 square feet of finished office space and 19,200 sf of warehouse space. The structure is on a secured, fenced lot and offers M-1 zoning.
Built in 2003, the property contains two docks and one drive-in door, and a dry pipe sprinkler system. Column spacing of 25’ x 40’ and a clear height of 20’ make the property ideal for a variety of uses. The office area is fully conditioned, and the warehouse area has unit heaters and exhaust fans. In addition to the loading areas, the building includes 17 parking spaces.
If you’re getting started in the commercial real estate world, you should first familiarize yourself with some basic terms.
Recognizing and understanding these terms in conversations and documents will make you more comfortable as you begin your career in commercial real estate.
Whether or not you have plans to sell your business in the future, there are a number of strategies you can employ to maximize its value and improve its financial standing.
Here are five ways to help your business stand out from the crowd and make it more valuable, regardless of the economic climate.
Strong Management Team
A great business model should include a high-quality management team. Companies without multiple people capable of making important decisions are less likely to reach their potential and be able to react quickly to changes in the market brought on by a number of factors. Ensure your company can run efficiently without your daily involvement by having quality next-level managers.
When it comes to investing in commercial real estate, Columbus is one of the most attractive second tier markets in the country for a number of reasons.
Our economy is incredibly diverse in Columbus. We have many segments represented, including government, education, R&D, finance, services, manufacturing, and transportation/logistics to name just a few. On top of that, businesses are expanding. Home prices and sales are rising, and the population continues to grow in the largest city in Ohio and 14th largest in the U.S. Additionally, pricing of commercial real estate assets in a highly desirable, second tier national market like Columbus is much more reasonable than a tier one market like NYC, LA, or Chicago, so an investor’s dollar will go much further.
Here are some other reasons Columbus makes perfect sense for your next commercial real estate investment.
With 2018 underway, the question on many real estate professionals’ minds is: What is the market going to do this year?
Here are the trends our agents think will carry through over the next year.
Housing Market Will Continue to Perform
One item many experts agree on is that housing prices will continue to increase. Some are even projecting increases of 5 percent.
Low availability and high demand will make mid-market homes a hot commodity. Agents should have no problem selling mid-market homes in any locations, but are sitting on potential goldmines if they sell homes in ideal locations with high-end amenities.
In regards to multifamily, rents will continue to rise. With development focus on class A properties, the imbalance of supply and demand in the class B and C product will continue to generate rent increases in these property types as well, potentially causing a shortage of affordable housing in many markets.