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Thank you for visiting joefegen.com. This website is designed to provide quality information about available properties so that informed real estate decisions can be made. Please do not hesitate to contact me if you have any questions or if you need any assitance. I look forward to working with you!

A Message for August.

"Resilient" is the term being used to describe the Northeast Ohio office market coming into the first quarter of 2008, despite concerns resulting from the sub-prime credit crisis. Although this market showed some increases in vacacny due to the loss of mortgage related office tenants, growth in other sectors seems to have countered the negative impact of the mortgage related losses. Overall office vacancy lies at 18.8%, with class A vacancy at a low 12.7%. Of significance, several major office projects appear likely in the near future.

In the industrial market, manufacturing appears to be gaining momentum and driving growth in this market. Vacancy at year's end was a healthy 10.9%, a decrease of 20 basis points since the third quarter of 2007. Another positive sign was the completion of the Diamond Center, the largest speculative develepment in recent decades coming on line in December of 2007. Industrial facilities built since 2000 make up less than 1% of the overall vacancy, indicating a strong demand for new product. Look for more developments to break ground in 2008.

About Us.

Joe brings over thirteen years of experience as a real estate and transactional professional to Grubb & Ellis, utilizing his specialized expertise as a broker for the benefit of his real estate clients. Joe works to find creative solutions that enable his clients to accomplish their real estate goals both locally and nationally. Joe works with property owners, tenants, developers and real estate investors throughout the marketplace.

Contact Joe for his specialized expertise, market knowledge and superior service. Whether you are considering leasing or buying new space or have a building or land to sell or lease, Joe has the ability to meet your real estate needs.
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