Retail
Services
In retail, the right property can make or break a company’s success. At NAI Ohio Equities, we understand the importance of location, space requirements, tax implications, and rental rates, so we can help you navigate the local market to find a space that will give your company the visibility and reach it needs. Our brokers share knowledge and resources so we know of more properties coming available and prospective tenants considering a move or additional locations.
Retail Market Snapshot
01The Retail vacancy rate rose to 3.8% during the fourth quarter of 2021.
02The Retail market had positive absorption of 657,000 SF in the fourth quarter of 2021.
4th Quarter 2021
- The retail sector entered the recovery phase in 2021 with retailer bankruptcies and store closure annoucements declining. Columbus in particular, has vacancies significantly below the national average. Households are flush with cash as savings are estimated to exceed $3 trillion which will support continued gains in spending.
- “The Central Ohio retail market continues to move in the right direction thanks to increasing household income resulting from both the goverment stimulus in 2021, and more recently, strong wage growth. Central Ohio retail fundamentals are strong: a healthy vacancy rate well below the national average, positive absorbtion and positive rent growth.” - Mike Simpson, President
Featured Retail Specialist
Mike Simpson
President
(614) 629-5236 (office)
(614) 306-1722 (mobile)
msimpson@verticalcitiesasia.com
Education: Capital University
Years Experience: 24
Our Retail Clients
"NAI Ohio Equities has worked with Campus Partners in a various roles including acquisitions, dispositions and consulting on various projects. In two separate projects for Campus Partners, they were able to compel property owners who were previously unwilling to enter into negotiations, to sell their properties, allowing projects important to both the University and the community at large to move forward."
- Keith Myers, Associate Vice President Planning and Real Estate
"NAI Ohio Equities did a great job with our search for land to build a new Lexus service facility. Rigid requirements dictated both by state law and customer convenience narrowed the property parameters significantly, but NAI Ohio Equities persevered and gave us great options along with great expertise in the market. Additionally, they were able to negotiate a contract that gave us the time we needed to entitle the property to allow for the required zoning and street access. Over all, working with NAI Ohio Equities was a great experience."
- Rick Germain, Germain Lexus
"NAI Ohio Equities helped us find the perfect spot for a business, keeping in consideration all our needs and was persistent. They are their word and have been the most thoughtful and committed realtors I’ve ever worked with."
- Zedrick Clark
