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Cassidy Turley is one of Greater Cincinnati and Greater Dayton’s largest commercial real estate services providers, with more than 100 professionals in locations across the region. The company and its employees have deep roots in the Tri-state, yet are connected worldwide through 60 company-owned U.S. offices and a global affiliation. The company’s clients include real estate owners, investors and tenants. Whatever commercial real estate need exists, Cassidy Turley provides a local solution.

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Jordan Weidner named to the Cincinnati Business Courier’s 2014 “Forty Under 40” Class

  
  
  
Weidner Jordan

By James Flick, Vice President, Research and Marketing

We are proud to announce that Vice President Jordan Weidner, CCIM, LEED® AP, has been named to the Cincinnati Business Courier’s 2014 “Forty Under 40” class.

Cincinnati CBD: Driving Market Demand

  
  
  
The CBD was the strongest driver of demand in the second quarter of 2014 with 294,802 SF of positive net absorption

By James Flick, Vice President, Research and Marketing

When I was writing the Second Quarter 2014 Office Market Snapshot I had a conversation with one of the brokers in our office. He read what I had written in the call out box on page two of the report. It reads:

The Resurgence of Commercial Real Estate in Cincinnati

  
  
  
Resourgance of Cincinnati Infographic

By James Flick, Vice President, Research and Marketing

This infographic highlights some the activity happening throughout the Cincinnati region across each of the office, industrial, multi-family and retail sectors. This activity points to progress in the economic recovery and a resurgence in Cincinnati's commercial real estate industry.

Dayton Office and Industrial Snapshots

  
  
  
Dayton Office Market Indicators Second Quarter 2014

By James Flick, Vice President, Research and Marketing

Economy

Dayton’s economic health is expected to continue improving on the back of federal spending. Due to the proximity of Wright-Patterson Air Force Base, the region’s largest employer, (approximately 27,500 employees) federal spending currently accounts for 29 percent of the region’s gross metro product (GMP). The base itself has an annual impact on the Dayton-area economy of $4.4 billion.

Cincinnati Office and Industrial Market Snapshots

  
  
  
Office Market indicators

By James Flick, Vice President, Research and Marketing

Economic Overview

The Cincinnati labor market has added approximately 22,000 jobs over the last 12 months pushing local unemployment below 6%. Currently, unemployment sits at 5.4%; 90 basis points better than the national figure. The positive movement of the local labor market and the 2% forecasted growth of local gross domestic product (GDP) are two key indicators that show Cincinnati continues to move forward in the economic recovery.

Office Market Overview

Wright-Patterson Air Force Base Tied for First in the Country

  
  
  
Wright-Patterson Airfoce Base Tied for First Best Base in Country

By Douglas Bolton, Managing Principal

I’m not a regular reader of Air Force Times, the military newspaper covering all matters related to the Air Force. But Tuesday, its special edition was brought to my attention because it was more good news for the Dayton region. The report ranked 68 domestic Air Force bases for a number of quality of life factors, and Wright-Patterson was tied for first. The report cited WPAFB’s low cost of housing, a large commissary, an important medical center, low crime, easy commute times and a host of shopping and entertainment options.

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Dayton Ranks as Top Place in Ohio for Business According to Annual Survey

  
  
  
Dayton Ranks as Top Place in Ohio for Business

By James Flick, Vice President, Research and Marketing

Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, recently released the results from its third annual Small Business Friendliness Survey. The survey collected data from over 12,000 small business owners in order to gain insight into state and local business environments from across the United States.

According to the survey Dayton is the best city in Ohio to do business, receiving an A- grade. To read the Dayton Business Journal article about the survey click here.

Grades that the State of Ohio received according to the survey include:

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Dayton Industrial Market Experiences Flurry of Build-to-Suit Activity

  
  
  
Dayton Industrial Influx of Build-to-suit activity

Mark Dlott, Senior Vice President, Principal of our Dayton office was recently asked to write an article about the current state of the Dayton industrial market. The article was originally published on 07/02/2014 on REBusinessOnline.com and in the print edition of Heartland Real Estate Business.

By Mark Dlott, SIOR

Dayton, Ohio, has had its struggles over the years transitioning from a predominantly automotive manufacturing economy to one with a more diverse base of industries such as transportation and logistics, aerospace technology, medical device manufacturing and unmanned aerial vehicle (UAV) development.

Throughout this tumultuous period, Dayton’s industrial commercial real estate market has had to adapt to the evolving needs of the new tenant mix. Part of that adaptation has led to the construction of several build-to-suits over the last 18 months.

This construction trend is being driven by companies opting for build-to-suit projects instead of purchasing existing properties due to their age, inadequate size or functional obsolescence such as inadequate ceiling heights. The trend is evident in the large amount of industrial space that has been delivered in recent years or is currently under construction in the Dayton market.

Getting to Know Cassidy Turley: James Flick

  
  
  
James Flick, Director, Research and Marketing, Cassidy Turley Cincinnati

By Katherine Davin

We want to kick start our “Getting to Know Cassidy Turley” series by starting with our newly promoted Vice President of Research and Marketing, Jim Flick.

Midwest Construction Update

  
  
  
Speculative Industrial Construction in the Midwest

By Jarrett Hicks, Senior Research Analyst

In the Cincinnati/Dayton area, we are in the midst of a construction boom, especially in the industrial sector.  2.4 million SF is under construction in Dayton, while another 2.7 million SF is under construction in Greater Cincinnati.  For the first time in many years, multiple large bulk buildings are being built speculatively (“on spec”) at the same time.  VanTrust Real Estate is building 273,000 SF in Hebron, KY, while IDI Gazeley (formerly Industrial Developments International) is building 600,000+ SF buildings in Monroe, OH and Richwood, KY.

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