Consistent. Steady. Resilient. Those are three key words that Craig Collins, senior director with Cushman & Wakefield Commercial Kentucky, uses to describe the Louisville commercial real estate market.  As Collins says, Louisville doesn’t experience sudden highs when it comes to real estate values. The market doesn’t get hit with surges developments. Occupancy levels tend to remain steady. At the same time, Louisville’s commercial real estate market doesn’t see big dips in demand or value when the country’s economy struggles.  That steady nature is a positive today, when t ..read more

It was the champion boxer Joe Louis who is attributed with the statement, “He can run, but he can’t hide.”  “He” is Billy Conn the lightweight challenger to heavyweight champ, Joe Louis.  Billy was fast and quick, Louis powerful.  In their 1941 match, Louis was behind after twelve rounds, but KO’d Conn in the thirteenth. Commercial Real Estate is taking it on the chin in this current inflationary market which is hitting below the belt with labor, energy, transportation, materials, and rents.  Labor Costs According to Cushman & Wakefield (June 2022 How Inflation is Impac ..read more

  With vacancy in Louisville’s industrial bulk market sitting at 1.7%, an increase of supply is sorely needed.  Fortunately, plenty is on the way.  At the halfway point of 2022, over 9.5 million square feet (msf) of bulk inventory is under construction with approximately 4.8 msf slated for completion by year end.  Due to the demand for big box distribution warehouse space, which skyrocketed due to Covid-19 and the increase of online ordering and e-commerce fulfillment, absorption (12.9 msf) outpaced construction (9.9 msf) to the tune of 3 msf and depleted vacancy in the pro ..read more

By Blake Scinta – Senior Associate, Cushman & Wakefield August 01, 2022, 12:00am EDT Industrial real estate investments can be an excellent addition to an individual or corporate entity’s overall investment portfolio. The larger category of commercial real estate offers a range of investment opportunities for increasing wealth and contributing to economic development. What is industrial real estate? Industrial real estate is one of the four primary types of commercial real estate – office, industrial, multifamily, and retail. More specifically, industrial real estate generally includes ..read more

By Brent Dolen – Senior Director, Cushman & Wakefield | Commercial Kentucky In the two years since the onset of the Covid-19 pandemic, the traditional office experience has changed forever. Statistics released from security company Kastle Systems indicate that overall office utilization is still only around 30%. What may come as a surprise, however, is that nationwide office leasing activity is increasing, with positive net leasing absorption recorded in many major markets over the past few quarters. This apparent dichotomy is indicative of a hybrid model where employees are splitting time ..read more

In his dystopian fictional social science novel, Brave New World, published in 1932, British author Aldous Huxley shared his nightmarish vision of the future as he explored social and political structures he expected to evolve from the early 20th century to the year 2540. Twenty-six years later, Huxley published a series of essays titled Brave New World Revisited, which was an accelerated vision of the future based in no small measure on the rapid advances in technology experienced since the publication of Brave New World in 1932. Today, more than ever, we are reminded of the impact ..read more

Brokers in the real estate industry understand that property owners prefer those professionals who have advanced certifications. Made up of over one million members, the National Association of Real Estate (NAR) encompasses every component of the real estate world. NAR also provides access to courses, seminars, and training programs within their various institutes, councils, and societies.  Among many others, organizations involved with NAR include: CCIM Institute Real Estate Business Institute Institute of Real Estate Management Residential Real Estate Council National Association of R ..read more

If you are venturing into the process of purchasing a commercial office or retail property, we highly suggest to hire a professional to help you. Having an expert or broker,  with industry knowledge will ensure that you get a better negotiation on your lease, and that you are getting the rate your space deserves. In commercial real estate, there are two types of professionals we recommend. LISTING AGENT VS. TENANT REPRESENTATIVE A listing agent is a real estate professional whose main duty is to represent the landlord or property owner. Their goal is to obtain the highest value of rent/s ..read more

The idea of looking for a new real estate property can be daunting. When considering the entire moving process, is there really a perfect time to start looking for a new space? Expert brokers  at Cushman & Wakefield | Commercial KY, find its best to stay ahead of the game regardless of your property type and be prepared before lease signing day.  Many of the clients we hear from will find themselves rushed in the real estate buying process because they do not realize how much time goes into purchasing a real estate property. Under average market circumstances, it is best to star ..read more

Establishing relationships is a key factor in the real estate practice. The Society of Industrial and Office Realtors (SIOR) is a global network of leaders in the commercial real estateindustry who value continuous education, innovation, and sharing experiences.  This organization is considered one of the highest standards in the commercial real estate industry, proven by the fact that members are selected by invitation only. Commercial Kentucky has three team members,  Steve Gray, Robert Walker, and Phil Charmoli that are apart of the SIOR organization.  Over seven decades ago ..read more