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Cin Day Blog Masthead

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Downtown isn’t the only place seeing development activity

Economic growth Optimized

By James Flick, Vice President, Research and Marketing

Recently, I have written and talked a lot about development happening in Cincinnati’s Central Business District submarket. I have not been wrong to do so as there is plenty of activity occurring downtown including the Banks Phase II, new multi-family developments happening on 6th Street, 7th Street, OTR and other places, and dunnhumbyUSA’s new headquarters taking shape (just to name a few things).

10 Drivers of Industrial Real Estate Development: Obsolete Buildings

InsideWarehouse optimized

By James Flick, Vice President, Research and Marketing

Recently National Real Estate Investor’s Susan Piperato came up with a list of 10 drivers of Industrial Real Estate Development. They include:

  1. Obsolete buildings
  2. E-Commerce
  3. Panamax
  4. Improved Metroplex Economy
  5. Rising Land Prices and Higher Tax Rates
  6. Digital Manufacturing
  7. Increased Imports
  8. Federal Policy
  9. Weather Wildcard
  10. Economic Circumstances

Cassidy Turley Recognized as a Part of NAIOP “Industrial Deal of the Year”

Ind Deal of the Year 2014

By Jarrett Hicks, Senior Research Analyst

Congratulations are in order for Cassidy Turley’s  Jeff Bender, Executive Managing Director, Principal, (from the Cincinnati office) and his Louisville-based colleague Powell Spears, Managing Member, Industrial Broker. The two were a part of the 2014 “Industrial Deal of the Year” from the Greater Cincinnati and Northern Kentucky Chapter of the NAIOP Commercial Real Estate Development Association.  The award was presented at the annual “Night of the Stars Gala” at Drees Pavilion at Devou Park in Covington, Kentucky.

Cincinnati Office Adopts a Family for Christmas

salvation army

By James Flick, Vice President, Research and Marketing

Every year Cassidy Turley’s Cincinnati employees participate in the Salvation Army’s Adopt-a-Family program. The program matches sponsors with families in need of a helping hand.

Staying Green This Winter at Home and in the Office

Going green at home and in the office

By: Carly Dittman and James Flick

As the temperatures drops, it is hard to think of anything but staying warm. However, the cold weather gives even more opportunities to “go green” and rethink your day-to-day winter-time activities. Below are ways to keep sustainability in the front of your mind, at home, this winter season.

    Tesla and @580 Building Team Up For Tenant Perk

    Charging Stations Pic[1]

    By: Tom Baker, Property Management

    The Cassidy Turley Management and Engineering Services Group team for the @580 building in downtown Cincinnati led efforts to install three electric vehicle (EV) charging stations in the building’s parking garage. Working with the 21C Hotel and the property owner (Anderson Birkla Development, Inc.), the EV stations were provided by Tesla Motors as a part of their Destination Charging initiative at no cost to the property. The charging stations will become an amenity for both the tenants of the @580 building as well as the guests of the nearby 21C Hotel.

    Recycling Fun Facts: Aluminum Cans

    describe the image

    By: Carly Dittman, Senior Administrator, Property Management

    The Cassidy Turley Management and Engineering Services Group, in Cincinnati, would like to emphasize the significance of recycling. In order to do so, below are facts (obtained from A Recycling Revolution) to think about the next time you go to throw your soda can away.

    Hamilton County Recycling: The Key to a Successful Program

    Office Waste[1]

    By: Carly Dittman, Senior Administrator, Property Management

    Implementing a recycling program at your office is one of the most basic ways to kick-start your sustainability efforts. Earlier this year, Catherine Walsh of Hamilton County Recycling and Solid Waste District spoke with our property managers about implementing a recycling program in Cassidy Turley’s managed office buildings. According to Hamilton County Recycling and Solid Waste District, in a typical office building, 75% of the waste that is generated is recyclable. With that staggering statistic, an office building recycling program seems like an easy and inexpensive way to help do your part.

    Dayton Office and Industrial Market Snapshots

    Dayton Market Indicators, Dayton Employment Q3 2014, Overall vacancy, under construction

    By Jarrett Hicks, Senior Research Analyst

    Economic Overview

    The local unemployment rate sits at 5.5%, which is a 230 basis point reduction over the last year. The lowering unemployment rate is a bit misleading, though. There are clearly fewer entrants into the Dayton regional labor market, because, over the same time period, the employment level has fallen by 1,000 jobs. However, moving forward, the positive momentum being generated in the national economy, as well as the local manufacturing and logistics industries, will hopefully re-energize the local and regional economic recovery.

    Q3 2014 Cincinnati Office and Industrial Market Snapshots

    Cincinnati economic and market indicators, Employment, Vacancy, Rent, Absorption

    By Jarrett Hicks, Senior Research Analyst

    Economic Overview

    The Cincinnati labor market has added approximately 15,000 jobs over the last 12 months. Local unemployment fell to 5.3%, an improvement of 180 basis points during that time. The dramatic percentage drop is due to a combination of factors, which includes the job gains. Another factor may be that there are fewer entrants into the labor market as the metropolitan employment level still lags behind pre-recession levels despite the low unemployment percentage.

    The continual improvement of the Cincinnati labor market and the 2% forecasted growth of local gross domestic product (GDP) are two key indicators that show the region is moving forward in the economic recovery.

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