As most of you know from personal experience, or through the constant barrage of negative press, the Commercial Real Estate Market in general has been rough for the past year or two. Some so called experts are not calling for much of a turn around until at least the 3rd or 4th quarter of 2009.

            I on the other hand, along with the other agents at NAI Cummins Real Estate, choose to look at this market as a great opportunity for those businesses looking to upgrade or expand their current facilities. Lease rates and sale prices are about as good as it gets right now, especially for the user/investor. This is true for the office, industrial, and retail sectors in the greater Akron, Ohio area in which I work. As of today, mortgage rates are still extremely low, however they are starting to sneak back up. So, NOW is the time to lease or buy commercial real estate!

 A Positive Outlook for Akron, Ohio 

            It is true that in the past 10 to 15 years, Akron has not seen the number of major expansion projects that have been announced in the last 18 months. I feel that these projects will undoubtedly help bolster Akron's economy and will help spur additional growth. When talking with current or prospective clients, whether owners or tenants, I choose to talk about the positive things that are happening in the area. My upcoming posts will highlight some of the positive happenings in and around the Akron, Ohio marketplace. The topics of discussion are scheduled to include Goodyear Tire & Rubber, Bridgestone Firestone, The University of Akron, Area Hospitals/Biomedical Corridor, and other area company expansions.

Do you know of something positive happening in the greater Akron area relating to commercial real estate? Let me know and I'll try to add it to my scheduled posts.

More to come, stay tuned...