Commercial Real Estate Services | Worldwide
Serving the Columbus Region Since 1971
We are a full service Commercial Real Estate company capable of helping you and your business take control of your real estate needs.
Sales and Leasing
We have a proven record of successful real estate transactions including the sales and leasing of land, office, retail, and industrial properties throughout Central Ohio and around the world. NAI Ohio Equities is a dedicated team, ready to work for you. We have an in-house marketing team that will assist all sales associates on how to best list your property. Let one of our professionals work with you on listing your property today.
Tenant Representation
If you are new to the Columbus region, expanding your business, or simply looking for new space, our talented and professional tenant representatives will help you understand the process. NAI Ohio Equities is here to walk you through all aspects of site selection; from discovery and identification phase all the way through the negotiation and signing of your new lease or closing on your new space.
Property Management
NAI Ohio Equities’ team includes 20 helpful and talented property managers, each hired to make sure your property functions effectively. From snow removal to security to HVAC repairs, our property management experts offer peace of mind that every last concern is being considered, managed, and repaired. We also offer full accounting support tailored to your operation.
Who Are We?
Our agents have been helping clients find the perfect real estate solutions for all of their business needs since 1971. Our team members are ready and anxious to offer their assistance for whatever you need.
Find an agentClients
Featured Listings
Office Listings
NAI Ohio Equities offers a wide variety of services for office users and investors alike. Our professional staff currently tracks almost 32,000,000 square feet of office space throughout the Central Ohio area. With over 40 years of professional market experience, our staff of accredited professionals offers each of our clients the home-field advantage. We live and work in the Central Ohio area, and we distinctly know the properties, the codes and ordinances, the people and business climate.
Industrial Listings
NAI Ohio Equities provides the resources necessary to successfully complete even the most complex transactions. Our services reach throughout the Columbus metropolitan region and the world. While tracking more than 268,000,000 square feet of Industrial space NAI Ohio Equities is able to find not only the best fit, but also the best value for its clients. Industrial clientele include privately owned companies, national and international corporations, institutional owners, private investors and national developers.
Retail Listings
Finding the right location for a retail venture is one of the most challenging tasks in today's competitive market. It takes knowledge about your client - a complete understanding of the products, services, target markets and competition. It also takes knowledge and insights into the retail real estate market - knowing the available locations and sites, knowing what's happening in the marketplace today and what is expected tomorrow. NAI Ohio Equities works with developers and retail property owners, helping successfully position their properties in the retail market and developing a comprehensive marketing strategy to attain the highest occupancy.
Market Reports
Industrial Overview
In the Columbus industrial market, vacancy rates stabilized in Q3 2024, as demand surpassed supply for the first time in eight quarters. Vacancy fell by 10 basis points in Q2 2024, driven by a sharp deceleration in new construction. Only 700,000 square feet were added in Q2, marking the slowest quarter since early 2019. Net absorption for the past 12 months was 1.2 million square feet, the lowest since 2020, but leasing activity is rising. Although vacancy remains high at 7.6%, rents are growing at 7.2%, supported by Columbus’ affordability, an expanding consumer base, and growth in advanced manufacturing.
The last 60 days have shown signs of cap rate compression, which may lead to more buildings being sold or transferred in the coming quarters.
Tenant demand for spaces above 250,000 SF remains soft, which may keep vacancy rates high in larger assets, as retailers and 3PLs have been right-sizing over the past two years.
The demand for industrial land in the Columbus region for data centers is still high.
The Columbus market is showing around 1,537,861 SF in speculative industrial space under construction.
-------------------------
“Columbus saw good activity in Q3 with demand outpacing supply for the first time in eight quarters. Many tenants are opting to renew their lease as opposed to go to the market for new space as rates for new construction have remained high. The upcoming election may lead to a waiting game for some, but Columbus is well positioned to finish the year strong."
- Blake DeCrane, Vice President
Property Management
Professional Property Management is critical to ensuring the longevity and vitality of your commercial real estate investment. At NAI Ohio Equities, we provide active management and integrated resources to preserve and enhance the value of each of your company's real estate assets. We provide a complete and competitive range of property management services for industrial, office, medical, and retail buildings, as well as educational and multi-family properties and home-owner associations.
All NAI Ohio Equities managed assets operate in accordance with our Property Service Standards Program that promotes consistent, high-level operational practices, yet is designed with the flexibility to cater to the unique needs of each property and client.
Case Studies and Testimonials
"Ryan McGreevy very professionally handled the sale of this property and I was very satisfied with his work. I look forward to doing future business together."
"Each and every prospective deal is always handled in a professional and compelling manner. Furthermore, the attention to detail and analysis provided with each RFP has greatly helped the partners in their decision making."
"The NAI Ohio Equities Industrial Team has done an excellent job for us. After purchasing Southeast Industrial Park our goal has been to sell the buildings individually. Their team has clearly communicated our objectives to the brokerage community and end users. Through an aggressive marketing effort they have been able to sell 13 of the 18 buildings in the park. We appreciate their determined and honest approach to business."
"Working with Matt Gregory and Andy Dutcher was fantastic. They were both very energetic and knowledgeable, responding quickly to our various needs and questions. Both are very personable, understood our needs, and strongly supported our effort to start a social enterprise. I would highly recommend them both."
"Joe Menninger and Philip Bird were a delight to work with. They completely understood our parameters and the necessity to sell our real estate, while continuing to maintain our operations in the space during and after the sale."
"We have grown significantly in the past few years and had to lease space at three separate locations in order to accomodate the needs of the agency. I was delighted with the personal commitment made by both Peter Merkle and Matt Gregory to find us a property that met all of Alvis House's needs. The time and effort they have put forth has been invaluable."
Recent News
Five Steps You Can Take to Prepare Your Commercial Property for the Winter Months
November 21, 2024
As winter approaches in Ohio, ensuring that your commercial property is ready for the season isn’t just an option—it’s a necessity. With our expert guidance, you can prepare your commercial property for Ohio’s winter months and safeguard your investment. Simply adding these five steps to your commercial property checklist will help you to avoid costly issues, maintain operational efficiency and enhance the comfort and safety of everyone who steps foot on your property during the winter months.
INSPECT AND SERVICE HVAC SYSTEMSMaintaining a fully functional HVAC system is key to surviving Ohio’s cold snaps. If it’s going to happen – it usually happens when the thermometer approaches zero. But with a little preparation, you can circumvent surprises. By scheduling a seasonal inspection, you can ensure you’re aware of any problems that could potentially arise. It’s also a good idea to replace air filters and inspect ductwork to prevent uneven heating or airflow issues. Additionally, consider upgrading your thermostat for efficiency. Many newer thermostats allow you to monitor building temperatures remotely and have automated settings.
SEAL WINDOWS AND DOORS TO MAXIMIZE ENERGY EFFICIENCYPreventing drafts is one of the simplest ways to reduce energy consumption and skyrocketing energy costs in the winter months. Take the time to inspect all openings for cracks or gaps and apply weather stripping or caulk to problem areas.
Why Overcoming Current CRE Financing Challenges Hinge on More than Interest Rates
September 17, 2024
Interest rates are currently at their highest level in over two decades, yet inflation persists. Though many had hoped interest rate cuts were on the horizon as early as June, the Federal Reserve hasn’t been comfortable doing so just yet, with analysts expecting it to be September before the first cut.
The current climate has commercial real estate owners, occupiers, investors, and developers sidelined and anxiously awaiting news that inflation has been tamed and the economy is stabilizing. But it may not all hinge on interest rates coming down.
The higher cost of funds along with several other market challenges could impact lending for longer than expected.
A Perfect Storm“Over the past year, we’ve felt the impact of the enormous influx of capital that was injected into the economy during the pandemic,” said Travis McIntyre, vice president at Park National Bank.
The issuance of Paycheck Protection Program (PPP) loans during the pandemic, and subsequently Economic Injury Disaster Loans (EIDL) intended to save businesses from the immediate impact of the pandemic, allowed many small businesses to pay down existing pre-pandemic loans early, and in some instances, stop turning to banks for new loans.
Three Ways Columbus’ Newly Adopted Zoning Code Impacts Commercial Real Estate
August 27, 2024
Columbus City Council officially adopted changes to the city’s zoning code in July. The change marks the first significant evaluation and reformation of the prior code in more than 70 years. The years-long effort culminated in a unanimous vote for all six resolutions and the legislation is slated to take effect on August 28. As a result, six mixed-use districts were created along key corridors of the city, incentivizing the development of up to 88,000 housing units. Here’s what the change means for commercial real estate.
ELIMINATING PARKING REQUIREMENTS, RELAXED DENSITY AND HEIGHT RESTRICTIONS MAKE DEVELOPMENT MORE COST-EFFECTIVEThe Columbus region is experiencing a housing shortage. A 2017 study conducted by Vogt Strategic Insights on behalf of the Building Industry Association of Central Ohio evaluated the region’s housing needs through 2050 and found that the region needs to build 14,000 housing units annually through 2050 to meet the needs of the growing Columbus region. Between 2010 and 2021, the Columbus MSA has averaged 8,214 permits per year, according to the report. This challenge has been exacerbated following the announcement that Intel would build its campus in the region bringing the estimated population growth in the region to nearly 3 million by 2050.
View All Articles
Employment Opportunities
NAI Ohio Equities is hiring. If you are looking for employment with our company and fit the requirements we are looking for, we would love to meet you. Please review any job openings below, and if interested, please click on the listings to view more information and apply. Thanks!