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We may not have the ocean views of the coasts, but the Midwest has something just as beachy – an affordable real estate market!
It’s true: whether we’re talking residential or commercial, you get more space, nicer neighborhoods, larger properties, and better-maintained buildings to go along with the more reasonable sale prices, rents and costs of living.
In the Midwest, prices are mostly still below the levels that incomes suggest they belong. Because of this, you can still find plenty of good deals here.
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Everyone loves a good deal, right?
It should come as no surprise that in this case, “everyone” includes apartment building investors.
This spring, the Federal Reserve announced that it would be reversing course and not raising interest rates in 2019 after a less-than-stellar jobs report and scaled-back expectations for the economy.
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The good news? The economy is booming.
The bad news? Economists say it may be busting in a matter of months.
By most accounts, the U.S. economy is in its best shape since the Great Recession. The unemployment rate is at a minuscule 3.9%. Hourly wages are up more than 3% over a year ago. The gross domestic product (GDP) climbed 3.1% in the first quarter of 2019, after rising 2.2% in the fourth quarter of 2018.
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You’re a smart business owner - you probably could secure a new commercial property on your own. But you’re a smart business owner with a lot on your plate – you would also probably spend thousands of dollars more and grow a few more gray hairs than if you used the services of a broker.
Securing a commercial real estate lease is one of the most important aspects of being a business owner. Having one that looks out for your best interests, both in the short and long term, can be a strong foundation for your success. A poorly crafted lease can sabotage your business, even if you have a solid business model.
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Located in the heart of Dublin, Ohio, Millennium Office Park is located in a park-like setting off of Frantz Road, just 25 minutes from John Glenn International Airport. Surrounded by established landscaping and mature trees, Millennium Office Park provides individual entryways, ample parking and easy access to hotels, dining, shopping, and various events.
This property is just minutes away from Tuttle Crossing, I-270 and State Route 33/161, making for easy access to and from all of metropolitan Columbus.
With leasing and professional property management teams on-site, this site will continue to be an attractive location for small businesses and their clients.
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Located at 470 Olde Worthington Rd. in Westerville, Ohio, this is a Class-A multi-tenant office building was built in 2000. The four-story building is a modern brick design with architectural precast and stucco accents. Parking ratio is 4.0/1,000 rsf.
This well-maintained property offers on-site professional property management and fiber connectivity through multiple carriers. Fiber and data services are also available through the city of Westerville WeConnect network, and employees working in this building can also take advantage of the Westerville Community Center at resident rates. The property is controlled by key card access. Recent common area renovations include restroom updates and fixture replacements, a new energy management system, new common area finishes, LED lighting, asphalt overlay, and new brick entry feature.