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.

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.

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.

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.

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.

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.

SVN Wilson Named Top 25 in Nation Year to Date

We are thrilled to announce that SVN Wilson has been named one of the top 25 SVN offices year to date! Our office is 23rd out of the 200 offices in the company. This achievement is a testament to our tremendous dedication to excellence and our commitment to providing exceptional service to our valued clients.

Our team of seasoned professionals has been instrumental in our success, utilizing our extensive knowledge and expertise to deliver exceptional results for every client. With a broad range of experience in commercial real estate, we have consistently helped our clients achieve their investment goals.

At SVN Wilson, we strive to create customized solutions that meet the unique needs of each of our clients. By staying ahead of market trends and leveraging our expansive network, we can identify opportunities that others might miss, and help our clients unlock the full potential of their investments.

We are honored to receive this recognition, and we would like to extend our deepest thanks to our clients and colleagues for their support. We remain fully committed to helping our clients succeed, and we look forward to continuing to deliver the exceptional service and results they deserve.

Seth Asman – Top 10 in First Quarter 2023

We are delighted to announce Seth Asman of SVN Wilson has been recognized by SVN Commercial as one of the top 10 advisors across the nation for the first quarter of 2023. With a focus on multi-family and land development projects in and around Ohio, Asman has established himself as an industry leader in commercial real estate.

As the economic landscape continues to shift, Asman is excited to help clients seize emerging opportunities and achieve their investment goals. With a strategic approach and a deep understanding of market trends, he consistently delivers value to his clients.

If you’re looking to invest in commercial real estate, Asman’s expertise and wealth of experience could be a game-changer. SVN has over 200 offices and over 2,000 advisors and staff across the country with a total value of sale and lease transactions of 21.2 Billion. Reach out today to discuss your investment needs and how he can help you achieve success. Congratulations, Seth, on this well-deserved recognition.

Seth Asman – Top 10 in First Quarter 2023

We are delighted to announce Seth Asman of SVN Wilson has been recognized by SVN Commercial as one of the top 10 advisors across the nation for the first quarter of 2023. With a focus on multi-family and land development projects in and around Ohio, Asman has established himself as an industry leader in commercial real estate.

As the economic landscape continues to shift, Asman is excited to help clients seize emerging opportunities and achieve their investment goals. With a strategic approach and a deep understanding of market trends, he consistently delivers value to his clients.

If you’re looking to invest in commercial real estate, Asman’s expertise and wealth of experience could be a game-changer. SVN has over 200 offices and over 2,000 advisors and staff across the country with a total value of sale and lease transactions of 21.2 Billion. Reach out today to discuss your investment needs and how he can help you achieve success. Congratulations, Seth, on this well-deserved recognition.

Four Essential Qualities of a Highly Successful Commercial Real Estate Advisor

There’s a lot more to being a successful commercial real estate Advisor than just having a few good suits and spending a lot of time with a cell phone glued to your ear. While it starts with thinking of yourself as an Advisor instead of just a broker that gets a deal done and moves onto the next one, after closing thousands of transactions, we’ve identified four must-have qualities that set the best Advisors apart.

An Allergy to No
To a large extent, commercial real estate Advisors make their living by being told “no.” It can take hundreds or thousands of unsuccessful cold calls to get to a single paycheck. For most people, “no” is an ending. Successful Advisors, on the other hand, take a “no” as a reason to go ask another question – or ask another prospect. And they keep going until they hear “yes.”

An Add-Value Attitude
We deal with highly sophisticated clients. Traditional sales tricks won’t work on them, while transactions are rare enough that you also can’t simply show up and hope that business will fall in your pocket. With this in mind, exemplary Advisors know that the key to building relationships that turn into transactions is to continually add value to prospects. Great Advisors earn relationships and loyalty by continually helping their clients. Whether they’re sharing a great piece of information to open up a prospecting call, sharing important market information or helping a client to better manage their operating expenses, they put in the work in the near term to earn the fees in the long term.

An Ability to Find Wins
Commercial real estate negotiations are some of the most complex in the business world. Good Advisors keep their client’s interests at heart. The best Advisors also understand what the other side in the negotiation needs. That way, they can find issues that will allow that party to win while still giving their client what she needs to successfully consummate the transaction.

An Absolute Sense of Integrity
Here’s a shocker. You don’t need integrity to get into commercial real estate. You don’t even need it to make money in the field. Where you need it is if you want to stay in the industry.
Above and beyond simply being the right thing to do, Integrity serves two important business purposes. The first is that it keeps you out of court. In a business where everyone can afford legal representation, it makes no sense to play fast and loose. The second is that real integrity is the most powerful brand-building tool you have. As clients see proof of your ethics over a period of years, you earn their loyalty and their referral business. If they learn that you lack it, on the other hand, your brand becomes irreparably tarnished.

Do you think we missed anything? Let us know what you think makes a great commercial real estate Advisor below by leaving a comment!