Columbus, Ohio a Robust Economy, now designated a Federal Workforce Hub

By Sabrina Eaton, cleveland.com

WASHINGTON, D. C. – Columbus will be among five new “Workforce Hubs,” where the Biden administration will partner with state and local officials, employers, unions, community colleges, high schools, and other stakeholders to develop training programs to meet the region’s demands for labor.

White House officials described the five areas around the country that will get the designation – which also include Phoenix, Pittsburgh, Baltimore and Augusta, Georgia – as “cities and regions where we’ve seen significant concentration of public and private sector investments, often focused on specific industries.”

Read more at cleveland.com

Columbus, Ohio has been a balanced workhorse when it comes to economic drivers, labor growth, and reliable career paths for professionals. It has also been a powerhouse nationally when it comes to attracting business development. What’s more the Columbus economy is very well diversified with no sector accounting for more than 19% of revenue. This recipe has made it very attractive to real estate investors. And while the future looks bright, the current economic landscape has many investors concerned and hesitant about making new investment. SVN Wilson has sold hundreds of millions of dollars of investment real estate through the various economic cycles. Reach out today to discuss the current market and your property.

Contact Me

Selling Land in a HOT Market

Selling property for development or re-development is a very complicated thing. We have been honored to work with clients like Jim many times over the years. While it’s true development land is more valuable than basic raw land, getting to the finish line will take years if the right team is not assembled. Reach out today if you have land you want evaluated for a potential development project or sale.

What’s My Property Worth?

SVN Wilson along with our national SVN partners have annual land sale transaction volume of over $2 billion. We are highly skilled at working with development teams for zoning and planning, engineering, feasibility and the successful marketing of a development site. SVN Wilson has over 100 years combined experience advising clients in land valuation and development. Connect with us today to discuss your property.

Understanding Inflation

Every morning before school I spend time with my sons discussing things like God, faith, money and other life topics that help prepare them to be versatile and caring young men. Of course the conversation also steers towards movies (Dungeons & Dragons, Fast 10), airsoft guns, sports (Go Buckeyes) and other things. Today’s topic was INFLATION (yuck!)

Inflation is a complicated economic tool (yes I said tool) that is measured by our government. On one hand it erodes our purchasing power (and very harmful to us working folks and retirees). On the other hand it provides a lift to our investments and other assets.

When I showed them that $100 from 100 years ago could only buy $3 of stuff today, they were SHOCKED! But the lesson here is not to be angry, but to be disciplined. It takes a lifetime to be successful and there are obstacles to overcome, such as inflation. Saving money and not constantly buying new things and big bar tabs can set you up to invest in assets like real estate or other businesses.

Income producing assets are an important tool, if you want to overcome the impact of economic volatility and inflation. …the more you know, you know?

The SVN Wilson Commercial Group has over 100 years combined experience advising clients in commercial real estate investment. While all investments have risk, it is our experience that a well positioned real estate asset has the ability to be a stable investment for the right investor. To learn more about this topic {inflation} or for more information about commercial real estate assets send an email to seth.asman@svn.com.

What’s My Property Worth?
Apartments

Columbus Multifamily Report

The Yardi Matrix Multifamily Housing report is out and the verdict is in:
Columbus’ Rent Expansion Surpasses the Nation
Employment Growth Slows, and
Investors Continue to Bet on Value-Add Opportunities.

In our observations, the Columbus rental market has strong rent growth, but also some resistance in older and outdated properties. Housing demand is very strong, overcoming many vacancy issues that are present in other markets.

The Columbus MSA multifamily investment remains a highly sought after asset by investors throughout the country. They are willing to pay a premium to enter the Columbus market. However investors have sharpened their focus and expectations regarding property conditions and operations as cost of debt has increased. In order to achieve a premium on market pricing, owners should expect a well-positioned property in the Columbus market to have an economic vacancy rate of 10% or less, and deferred maintenance should be limited based on the classification of the complex (A,B, or C).

This does not mean that multifamily housing assets won’t trade with some higher vacancy rates and deferred maintenance, but during this business cycle, we do not expect to see aggressive pricing demand for underperforming assets. Because of this dynamic, it is now more important to work with advisors if you feel your asset has unrealized growth opportunities, and to have an understanding of the market’s expectations in a new market cycle.

The SVN Wilson Commercial Group has over 50 years combined experience in the multifamily markets and has transacted over $200 Million in multifamily units in the Central Ohio markets. For more information send an email to seth.asman@svn.com.

State of the Market Industrial

SVN State of the Market Report
Industrial

SVN® ANNUAL STATE OF THE MARKET REPORTS offer a comprehensive analysis of the commercial real estate landscape, offering insights into the performance of four key asset types and the broader macroeconomic environment.

These reports are a valuable resource for staying up-to-date on market trends, educating clients, and establishing yourself as a trusted Advisor. Use these reports to differentiate yourself from competitors and offer your clients insights to help them succeed.

Keep an eye out for the upcoming State of the Market reports, covering Multifamily, Office, and Retail asset classes.

Download Industrial Report

2023 Featured Closings

We take immense pride in sharing the remarkable success and achievements that have defined our journey throughout 2023. From surpassing $30 million in sales to earning prestigious industry accolades, this year has been nothing short of exceptional for our team.

Key Highlights of 2023

  1. Exceeding Sales Milestone: In 2023, SVN Wilson soared beyond expectations, achieving over $30 million in sales. This accomplishment not only reflects the financial success but, more importantly, underscores the trust and confidence our clients place in our services. It is a testament to our commitment to delivering exceptional results.
  2. National Recognition as Top 25 SVN Advisor: Earning recognition as a top 25 SVN advisor at the national level is a source of immense pride for SVN Wilson. This acknowledgment positions us as industry leaders on a grand scale, showcasing our dedication to excellence and our ability to navigate the complexities of the commercial real estate landscape on a national level.
  3. Top Ohio Commercial Brokerage Award: Receiving the prestigious Top Ohio Commercial Brokerage Award is a crowning achievement for SVN Wilson in 2023. This honor not only highlights our commitment to excellence but also acknowledges our significant contributions to the dynamic commercial real estate sector in Ohio.

Featured Closings

SVN Wilson’s success story in 2023 is not just about numbers; it’s about the impactful closings that demonstrate our expertise in various real estate markets. Here are some featured closings that exemplify our proficiency:

  • Wellington Woods Apartments – Reynoldsburg, Ohio: This closing showcases our mastery in navigating the real estate market in Reynoldsburg, Ohio. It reflects our ability to facilitate successful transactions, meeting the needs of both buyers and sellers and contributing to the vibrancy of the local community.
  • Columbus Self Storage – Columbus, Ohio: The Columbus Self Storage closing highlights our adeptness in handling commercial properties aligned with the evolving needs of the market in Columbus, Ohio. It’s a testament to our strategic approach and adaptability in a dynamic real estate environment.
  • East Gates Townhomes – Columbus, Ohio: Our success in the closing of East Gates Townhomes demonstrates our understanding of the unique demands in the residential real estate market in Columbus, Ohio. This transaction showcases our ability to deliver successful outcomes, meeting the specific needs of homebuyers in the region.
  • Copper Safe Storage – Flint, MI: Venturing beyond Ohio, the Copper Safe Storage closing in Flint, MI, underlines our capability to operate successfully in diverse regions. This transaction emphasizes our commitment to providing excellent services beyond state borders, further solidifying SVN Wilson as a trusted name in the broader real estate landscape.

Beyond 2023

As we reflect on the triumphs of 2023, SVN Wilson remains dedicated to excellence, innovation, and unwavering client satisfaction. Looking forward, we are excited about the opportunities that lie ahead and we are confident that SVN Wilson will continue to set new standards in the commercial real estate industry!

SVN Wilson Named Top 10 in 2023

SVN Wilson Ranks #8 on Columbus Business First’s List of Largest Central Ohio Commercial Real Estate Brokerages

It is with great pride and excitement that we announce SVN Wilson’s achievement of being ranked #8 by Columbus Business First among the largest commercial real estate brokerages in Central Ohio. This accolade is more than a feather in our cap; it’s a testament to the hard work, expertise, and tireless commitment to our clients that defines our team at SVN Wilson.

Our success in Central Ohio’s real estate market is a team effort. United by the goal of excellent service and client success, our collaborative team combines unique skills to achieve collective success. At SVN Wilson, our professionals are strategic advisors with deep local real estate knowledge, delivering comprehensive and precise results in every transaction.

The Trust of Our Clients

Our success is rooted in client trust. We aim for top-notch service and transparency, fostering lasting relationships beyond transactions. Our integrity and accountability drive us forward, solidifying our position among Central Ohio’s top brokerages. Working with SVN Wilson means your goals are our priority in the commercial real estate sector.

Future Forward

While the honor of being ranked #8 is a significant milestone, it is just one chapter in our ongoing narrative of growth and innovation. We are not content to rest on our laurels; instead, we are harnessing this momentum to redouble our efforts and set our sights on new horizons.

This achievement reflects our past and present, but it is also a compass for our future—the promise that SVN Wilson will remain at the forefront of Central Ohio’s thriving commercial real estate market, providing exceptional service and delivering impressive results.

At SVN Wilson, our mission remains resolute. We are committed to empowering our clients and the Central Ohio business landscape with real estate solutions that are as forward-thinking as they are effective. As we celebrate this accolade, we also anticipate the exciting possibilities that lay ahead, for us and for those we serve.

Toilet Paper & the American Manufacturing Renaissance

As markets change and economists discuss threats of recessions, rising interest rates, and other factors that deeply impact investors and property owners, one thing remains clear: there is a global shift occurring, and America is leading its own effort in a modern manufacturing renaissance.

The article below highlights the reshoring of manufacturing to America, and illustrates what occurred to initiate this tectonic paradigm shift and what is likely to occur over the coming months and years. “This is a highly informative read.” The question remains: how do investors and landowners benefit from this new American Renaissance?

Toilet Paper and Real Property

SVN Wilson Commercial Group, along with our national SVN network have a deep knowledge of land and land development. We consult with our clients on issues ranging from redevelopment and rezoning, to ground up construction, land planning and entitlements. Development projects tend to be complex and costly. We work to drive value by simplifying goals, leveraging resources and relationships, and developing opportunity for market investors and development companies.

Contact Us

2022 Featured Closings

This impressive collection of closings from 2022 illustrates our dedication and unparalleled expertise as commercial real estate leaders.

2022 Highlights include over $30 million in brokerage sales transaction volume, recognition as a top 30 national sales agent, and the receipt of a Partners Circle Award.

Our featured closings include the King Street Apartments in Mansfield, Ohio, Riverway Storage of Texas, the Seabrook Apartments in Columbus, Ohio, and the Mallard Crossing Development in Buckeye Lake, Ohio. These sales demonstrate our expertise across the different areas of commercial real estate.