After ringing in the new year, Ohio is also kicking off the 2024 election cycle and racing towards the March 19 primary. This year’s primary not only features the nomination to determine which candidates will represent their party for President of the United States, and who will go up against Senator Sherrod Brown for Ohio’s […]
Housing will see a rise as a major policy issue in 2024 as rising interest rates impact the development of housing that has struggled to keep pace with increasing economic investment. The availability of housing impacts a company’s decision to grow as a 1.5% drop-in US labor participation rate after COVID is making the recruitment […]
Three decades worth of public service and lobbying in the state of Ohio provides the Montrose Group leadership with deep insight into the policy and lobbying issues facing the state of Ohio in 2024. To summarize those challenges and opportunities, the Montrose Group has created a 2024 Ohio Corporate Government Relations Top 10 Trends analysis […]
Attacking the decline of office vacancies needs to be done sooner rather than later to prevent a substantial negative impact on office towers and the communities they serve known as the Doom Loop. Impact of Doom Loop. The negative impact on Downtown office tower or suburban office park vacancy rates, commercial property values, sales/hospitality taxes, […]
Rising office vacancy rates are a reality as are dropping rents as office buildings compete for fewer and fewer customers. Local and state taxes connected to these buildings and workers will take a hit with the reduction in office values and loss of workers to Work From Home and Artificial Intelligence. While it is too […]
The urban Downtown office market is facing a crisis which is only going to get worse. The Downtown office vacancy rates from Cushman and Wakefield’s 2023 analysis as outlined in the chart below in the major urban markets throughout the Great Lakes illustrate substantial struggles with the current Downtown office markets. This data is of […]
State governments and economic development organizations are jumping into the business of supporting the development of industrial parks. Communities and companies seeking to develop an industrial park need to identify potential sources and uses of funding for the development of the public sector industrial park that include the programs outlined above, support the creation of […]
Determining a site has market potential to be an industrial park is not the end of the effort to create a higher and better use for the land. To retain and attract manufacturing, research and development and logistics companies and centers, the sites need to have a Public-Private-Partnership to ensure the site is properly zoned, […]
Rising interest rates have slowed to a crawl the development of private sector speculative industrial space. This presents an opportunity for communities to use an “old” tool to create public sector industrial parks to capture the manufacturing product that remains strong throughout the United States. Industrial developers across the Country, and in particular Midwest markets […]
It was the best of times… it was the worst of times… to quote Charles Dickens speaking of life during the French Revolution has an interesting application tied to the impact of the 2024 U.S. election on corporate site location projects. While the U.S. is not experiencing the Reign of Terror it just feels like […]