Southwest Ohio continues to be HOT

Southwest Ohio continues to be HOT

Greater Cincinnati (South into Kentucky and North past Lebanon, Ohio) continues on a growth trajectory. The area has become known for high inventory for industrial interests which gives businesses location choice as well as a high livability quotient for the workforce.

According to Forbes (April 2018)

Forbes sites that Greater Cincinnati has a share of gentrified and new housing that provides options for people of all ages to live and to work.

Combine this with location for businesses to prosper, and an otherwise healthy economy, makes this region ripe for continued growth. Cincinnati is second only (in Ohio) to Cleveland for industrial inventory. Since 2016, 2.8MM square footage has become available. Amazon distribution centers and other high visibility retailers have chosen to locate in the region. Amazon has located their largest distribution facility here, added jobs and contributed to the local economy.

Those who choose to locate in the area are currently most drawn to I-75 North which is a pathway to land listed and managed by Schueler Group. Schueler Group continues to provide organizations prime sites via our 20 business parks adjacent to both the I-75 and I-71 corridors. Other areas that continue to be hot include the Northern Kentucky/CVG submarket – near the airport where Schueler Group manages over 235 acres across 4  business parks.

This surge has encouraged both national and global investors to be attracted to the region. Schueler Group continues to be at the center of much of this development.

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How to Approach Industrial Real Estate vs. The Changing Workplace

Employee norms are changing, and that affects real estate. More businesses are allowing their employers to work from home, so office buildings are not being used as often. Although this may be the case, it does not mean commercial property has lost value. It simply means that we must approach its uses differently. Industrial real estate is moving towards flexibility- meaning that it incorporates a mix of office space, conference rooms, storage, and a lot more. This approach allows businesses to get multiple uses out of them. Industrial real estate is not going to die- it is simply going through a revolution.

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