Respondents from Skoda Minotti’s 2016 Northeast Ohio Real Estate Industry Survey continue to feel positive about their industry, though with some degree of reservation about challenges ahead. While the lending environment remains quite positive and rents are increasing, we saw a record drop in the number of respondents who have sufficient cash flow. Read our ninth annual survey results to learn about these mixed results as well as perceived challenges, such as the continued need for experienced workers, the lack of real estate inventory and funding acquisitions.
- Managing cash flow challenges
- High Volatility Commercial Real Estate (HCVRE) loans
- Opportunities in Northeast Ohio vs. outside of the region
- Adaption to tangible property regulations
- Rent outlook
- Election year concerns
- Growth opportunities
While our respondents are holding most expenditures in check, almost half of respondents reported an increase in marketing expenses, most likely reflecting the need to drive leads. As a result, we have included the article, “How Inbound Marketing Can Drive Qualified Leads” from Skoda Minotti Strategic Marketing.
Find out what your peers are saying about the state of your industry; click here to access the full survey report.