Archive for June 2024
Akron Industrial Real Estate Market: A Snapshot
As a local real estate appraiser, I’ve been closely monitoring the industrial real estate market in Akron. Recent data from CoStar Analytics provides valuable insights into our market’s performance as of June 2024. Here are the key trends: Inventory and Construction:The total industrial inventory in Akron stands at 35.1 million square feet, showing a slight…
Read MoreRetail Space, Shifting Landscapes
The retail real estate market in the United States is undergoing significant changes, with retail space per capita falling in over 60% of major markets over the past decade, according to a recent analysis by CoStar (Svec, 2024). This trend is reshaping the retail landscape across the country, with particularly notable impacts in the Midwest.…
Read MoreSolar Energy Boom in Northeast Ohio: Implications for Real Estate
Solar Energy’s Impact on Ohio Real Estate Despite having fewer sunny days than the national average, Northeast Ohio is emerging as a leader in the solar energy economy. This surprising development could have significant implications for real estate values in the region. According to a recent article in Crain’s Cleveland Business (Palmer, 2024), Cleveland and…
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