On March 20th, as part of Heartland Bank’s Power Breakfast Series, Greg Schenk, SIOR CNE President The Schenk Company, Inc. presented an overview of the Commercial Real Estate Market in Columbus covering each product type: Office, Industrial, Retail, and Apartment.
His presentation included the February 2013 Commercial Research Report, the Commercial Forecast: 2013.Q1 on the Vacancy Rate, Net Absorption, Completions, Inventory and Rent Growth in Office, Industrial, Retail and Multi Family in the Columbus Market vs. the rest of the country. He reviewed the 2012.Q4 Columbus Market Trends including market highlights, a snapshot of both market and historical vacancy and absorption, lease rates and the latest changes in occupancy.
He ended his presentation touching on what to take under consideration during lease negotiations, the mistakes that are commonly made during negotiations. This information gives business the opportunity to reassess their lease and renegotiate to renew or restructure at record low rates.
Greg has twenty six years experience in the business ranging from representing tenants and buyers in locating and negotiating office space renewals and relocations, medical space and investment projects as well as 1031 exchanges, lease buy outs and terminations options. He has achieved the highly sought after SIOR (Society of Office & Industrial Realtors) designation as one of the leading brokers in the country, and has attained the CNE (Certified Negotiation Expert) designation.
Greg speaks, teaches and trains nationally both to professionals like attorneys, accountants and bankers on how to prosper in this commercial real estate market as well as real estate brokers wanting to become experts in various areas of commercial real estate. Most importantly, Greg is an integral member of the Central Ohio Community assisting various charities for people in pain and in need. He has established a memorial fund at Nationwide Children's Hospital and is part of the annual television telethon. Greg mentors students from OSU and speaks to student athletes at the Younkin Success Center. He, also, teaches for Younkin and OSU Fisher College of Real Estate. For more information, you can visit Irepthetenant.com and Schenkseminars.com.
Check out some of the materials from the Power Breakfast session:
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About Heartland's Power Breakfast Series
Power Breakfasts are held bi-monthly at the Corporate Office in Gahanna, Ohio. The purpose of these informative meetings is to have an open dialog with a guest speaker and guests to discuss topics of importance to Small Business owners and their partners. If you are interested in attending or being the guest speaker, please contact us. And, if you’re a small business owner and looking for a bank to be your “partner in success” be sure to check out all of our helpful business banking services. We’d be honored to help!