John Rickert, Principal and Executive Managing Director, Lee & Associates RICORE-RICORE, (second from left) was a featured panel speaker at the Second Annual Cincinnati Commercial Real Estate Summit held April 6 at the Horseshoe Casino. The event, organized by Midwest Real Estate News, attracted the top names in Cincinnati’s commercial real estate industry.
These big names shared plenty of positive news. Cincinnati’s commercial real estate industry is in the middle of a busy period, with all sectors, enjoying lower vacancy rates and higher asking rents.
Rickert, on the Office Market Panel, was quoted saying “We have 2-3 years before we see the next downturn. Value plays are out there with B & C properties. There are opportunities for these properties to be recycled to a better life.”