We wanted to first thank all of those who attended the event and of course our sponsors that helped make this event possible!
The event was attended by over 400 local investors, property owners, bankers, government officials, business leaders and community professionals in the Quad Cities region. The presentation showcased the findings from our annual market report including recent sales and leasing activity, vacancy rates, lease rates and trends in our marketplace. Those in attendance were able to participate in a unique opportunity to gain insight into what is happening in commercial real estate and how that affects the Quad Cities region.
In its third consecutive year, attendance has nearly doubled since 2013!
The Quad Cities Commercial Real Estate market is strong but lack of inventory is not keeping up with property demand. “It is not that there aren’t properties in every category available, but in many cases, they might be functionally obsolete,” John G. Ruhl, President of NAI Ruhl Commercial Company said.
Many dated office spaces are being repurposed into Class A office space and other uses, Shawn Langan, Commercial Sales Associate, said. While prices are returning to pre-recession levels, “There has been a paradigm shift where many of the incentives available a few years ago are no longer available.”
Richard Weinstein, Vice President and Director, said retail activity was down in 2015 “not because of a lack of demand, but a lack of spaces available.” Quick absorbtion of big box stores demonstrates the confidence investors have placed in the Quad Cities market. Retail investment properties were in high demand as nine Quad-City shopping centers changed hands, creating $34 million in sales volume in 2015.
Charlie Armstrong, SIOR, Vice President and Director presented, “There were no industrial building developments in the Quad Cities region in 2015, forcing buyers and tenants to compromise due to the lack of available product.”
“New residential growth in Scott County remains strong,” Thomas P. Dalton, Broker Associate said. Some of the areas for continued or new growth potential include Veterans Parkway, Devils Glen Road, Forest Grove Road and Middle Road in the Iowa Quad Cities.
John G. Ruhl stated, “Competition for investment property has driven cap rates down in our market, and continues to remain a strong investor solution locally and nationally.”
Download the digital report and presentation slides by clicking here.
We are pleased and honored to announce that our very own, Richard Schaefer, Vice President and Director, has been inducted into the 2015 Midwest Commercial Real Estate Hall of Fame. The award honors the Midwest’s most prestigious real estate professionals – those who have the vision and leadership to attain significant achievements in the industry and reshape their respective communities.
In 2015, Schaefer was also awarded NAI Ruhl Commercial Company’s Customer Service Award and continued his position in the Million Dollar Club honoring his consistent high production.
Rick joined the company in 1991 and has been a consistent top producer and contributor. He readily provides his expertise to his colleagues when asked for advice, and is a superb mentor. Feedback from his clients, customers and co-workers demonstrates that his professionalism and knowledge are of the highest caliber. He maintains a work ethic that enables him to succeed. Rick is also on the Board of Directors of NAI Ruhl Commercial Company and holds the title of Vice President. In addition to his many professional accomplishments Rick enjoys an active family life with his wife and children.
Throughout his career, Rick has received various awards including Commercial Associate of the Year in 1994, 1998, 1999, 2009, 2012 and 2014; Top Producer in 1999, 2010 and 2012; Top Company Lister in 1997, 1998, 1999 and 2006; Multi-Million Dollar Producer in 1993-2015 (each and every year); and Excellence in Customer Service Award 2001-2015 (every year the award has been given).
Schaefer gives back to the community through serving professionally on various Board of Directors and memberships including Quad City Area REALTOR Association, NAI Global Healthcare Team Member and Representative for NAI Ruhl Commercial Company, Davenport Family Homes, City of Davenport Building Code Review and Appeal Board which was appointed by the Mayor of Davenport, Family Resources Housing Corporation, Scott County Condemnation Appraisal Jury which was appointed by the Scott County Board of Supervisors, Quad Cities Morning Optimist Club, and the Vera French Housing Corporation; a development and management company providing safe and affordable housing for people with long term mental illnesses.
One of our Commercial Real Estate Agents, Meg Halligan, was presented the William E Stradt. Sr. / Bud Hill Distinguished Service Award at the 2015 Quad City Area REALTOR Association Holiday Party and Installation Dinner on Friday December 4, 2015. 833 nominees of this prestigious award were sent in by fellow realtors to a panel of past award recipients and then voted on to determine the winner. Her consistent determination and willingness to serve the community and fellowman, quietly and outside of the limelight, allowed her to be recognized with this Distinguished Service Award.
Meg is involved with United Way and the Quad City Chamber of Commerce as well as a member of the Hill Top Economic Restructuring Committee.
As President of the Board of Directors of Project Renewal, an organization founded in 1974, a constant presence in the Inner City of Davenport for Children and Families, fondly known as the “Treat House”, she presented the City of Davenport and Mayor Gluba the completed Revitalization of Sister Concetta Park on 6th and Warren Streets. This group bought and installed brand new park equipment, leveled ground and upgraded the landscaping. Project Renewal provides educational and recreational activities to help create a safe and loving environment for our community.
In addition, she works at St Anthony’s assembling Thanksgiving and Christmas baskets for the needy and volunteers tirelessly at the Sister Ludmilla Kitchen serving meals for the homeless and disadvantaged families. She is also a member of the Commercial Women’s Connection, and in 2014 and 2015, volunteered her time to the State of Iowa/Department of Transportation with her professional expertise on land for the new I-74 bridge.
Congratulations Meg! We are blessed to have you on our team and within the Quad Cities community. Keep up the great work!
NAI Ruhl Commercial Company is pleased to announce the lease of office space on the Brady Street corridor, to Health Markets Insurance Agents, a group of local agents that are a part of a national company that sells affordable health, Medicare and life insurance.
The Owner of 3546 Brady Street in Davenport Iowa, was represented by Shawn Langan of NAI Ruhl Commercial Company. The property is in a prime location on Brady Street, south of Kimberly Road, across from Brady Street Stadium.
“High traffic counts, competitive lease rates and quality of the property all added up to a successful lease transaction,” Shawn Langan said. “It is great to see a national brand find value in the area. I encourage other businesses to re-evaluate the area and determine if it is right for their company.”
Health Markets Insurance opened their doors for business on October 1st, 2015
For More Information, please contact Shawn Langan
2,700 SF of retail/office space available inside property, view more info here.
We had a wonderful turnout at the press conference this morning announcing the details of the property, and some of the potential uses the property could be converted into.
- 58,489 SF University Campus
- Located on 10 acres with private drive in secluded park-like setting
- Scenic wooded overview of John Deere Road – beautiful natural landscaping and wildlife
- Technologically updated to 2015 standards
- Circle drive with 200 car parking lot
- Close to Airport and I-74 as well as John Deere World Headquarters
- Class A Office Complex
- Tech College or Educational Campus
- Arts and Entertainment
- Conference or Convention Center
- Call Center
- Conversion to Hotel
For more information, please click here.
DeAnn Soults remembers the vacancy, the ugly perception, and distaste for the area and how she was determined to be a part of the change that turned the Hilltop Campus Village around into a new up and coming area.
As founding President of the Main Street hilltop Campus Village, I remember when. When boards were at the front doors and crime crept around the back doors. I have been a business and property owner since the 80’s and I can tell you that I wanted to be a part of the idea to change the perception and reality of the area. I cannot give enough credit to the City of Davenport, St. Ambrose University, Palmer College of Chiropractic and the Hilltop Business Association who had the foresight and the fortitude to do the first investments, and continue to invest.
Main Street Iowa is god-sent and without their structure, guidance, and hand holding, we would not be where we are today. Thank you Scott Tunnicliff, Director of the Hilltop Campus Village (501-C3 organization), for slaving day-in and day-out towards our goal. The close network of “hands on” reality in the hilltop is felt by all ages, both the young and young at heart. The original board, committee members, and countless volunteers “MAKE” this happen. And it is because of their hard work that this area is once again beginning to thrive.
There are only a few locations left in this new up-and-coming neighborhood! If you are interested in becoming a part of this dynamic network of strong willed businesses, please let us know!
- 1426 Brady Street: Historic Free Photography built in 1875 – Perfect for multi-family, retail or office use
- 1524 Harrison: Previously Big Daddy’s Bar – perfect 1st floor retail/office space with 2nd story residential units leased monthly.
- 1706 W Locust: Midtown Plaza – great location for professional offices with exceptional parking
Check out some of the local area businesses:
- Iron Lion Disc Golf Supply
- East Side Bakery
- M & M Pawn
- Ascentra Credit Union
- Winnie’s Wishes
- The Estate Sale Shop
- Jimmy’s King Gyros
- Kongs Thai Bistro
- Redband Coffee
- Greatest Grains
- L & L Guttering
- Hilltop Law
- Rock’s Anchor Grill
- Mary Sue’s Café
- Photo Frog
- Brady Furniture
- Rocket Resale
- 97X & B100
- Brady Law Office
- Celebrity Style Wigs
- Reiser-Jennings CPA
- Donuts & More
- Hats, Hair & Wigs
- Hilltop Grocery
- Hilltop Bars
- Military Cost Cutters
- Superstars & Superheroes (comic books)
- Blacklist Comedy
- Priester Law
- The Book Bindery
- The Silver Key Tatoo
- Wells Fargo Bank
- The Center
- 3D Skin Lab Tatoo
- McButt’s Tavern
- Coming soon…. Sanitary Cleaners & Ascentra’s New Location!
Hilltop Campus Village Organization is located at 122 E 15th Street in Davenport.
Make sure to follow their facebook page for updates about the area by clicking here.
If you have any questions or concerns, please contact myself or any of our commercial real estate agents at NAI Ruhl Commercial Company.
DeAnn Soults is a Commercial Sales Associate at NAI Ruhl Commercial Company. After 25 years of business ownership and management, she decided to follow her interest in land and commercial real estate. Her passion for superior customer service was founded on the dedication, honesty and hard work she provided to Iowa and Illinois clients for more than 25 years. DeAnn currently serves as the Economic Development Committee Chair of the Hilltop Campus Village and has also been recognized as the Main Street Iowa Outstanding Volunteer of the Year.
NAI Ruhl Commercial Company has officially launched a new website redesign (www.ruhlcommercial.com) providing users with service enhancements that will allow greater connectivity and understanding of the Quad Cities Commercial Real Estate Market. It will be of tremendous value to entrepreneurs, investors, business professionals and small businesses that are looking to enter the market or existing area businesses.
“Our new website redesign provides a strong representation of what is happening in the commercial real estate market, which will help buyers, sellers, tenants and landlords make informed and effective business decisions,” said NAI Ruhl Commercial Company President, John G. Ruhl. “We recognize the importance of adapting new ways of doing business and consistently strive to provide the most innovative resources for our clients.”
The website redesign offers a fresh, new look with improved functionality that heightens the website experience on any device. Simplified site navigation and enhanced search capability allow users to quickly and easily find all active listings in the Quad Cities commercial real estate market, based on criteria that suit your needs. Users can save and name multiple search criteria, get email updates on new listings and price reductions, save favorite properties and make notes on the properties shown on our website.
Individual property pages are enriched with community data including nearby restaurants and retail establishments. Users can compare key features on preferred listings side-by-side and can access driving directions directly from the site. Additional features are planned for Phase II development, to ensure the new website continues to be a valued resource.
“This website redesign does not in any way replace the responsive customer service that we have been known for since 1862,” Ruhl said. “Our goal is to provide an online resource for businesses and individuals to learn about the market here in the Quad Cities and allow us to enhance their commercial real estate experience.”
NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the fifth spot in the 2015 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to evaluate innovation, responsiveness and quality of service. NAI Global is the only commercial real estate network of independently owned and operated firms represented among the top five. NAI Ruhl Commercial Company, based in Davenport Iowa, is a Member of NAI Global.
“We are proud to be part of the NAI Global network, and that collectively, our strength and achievements are recognized by our industry peers and colleagues and reflected in the results of this year’s Lipsey survey,” said John G. Ruhl, President of NAI Ruhl Commercial Company.
In 2014, NAI Ruhl Commercial Company celebrated 30 years of loyal membership in NAI Global.
At the second annual Commercial Real Estate Market Report Event in April, John G. Ruhl and fellow commercial real estate professionals presented that commercial real estate activity in the Quad Cities showed marked improvement in 2015 and remains strong into 2015. The large amount of community enhancements around the Quad Cities has been a great indicator of growth in the area. John Ruhl stated, “We are pleased to see many in the private and public sectors rolling up their sleeves to do their part to make the Quad Cities an even better place to live and do business.”
Click here to download the latest QCA Commercial Real Estate Market Report
The Barrel House has recently leased 3,432 SF of space inside Coventry Place on Utica Ridge Road, near 53rd Street.
We have seen enthusiasm and commitment from our entire team each and every single day but would like to acknowledge those who have gone above and beyond in this industry and for our company.
The recipients of various awards for 2014 include: Associate of the Year, Richard Schaefer; Top Producer, Chris Wilkins; Top Lister, Charlie Armstrong, SIOR; Rising Star, Shawn Langan; Shining Star, Marlene Baltazor, Vice President / Operations; Employee of the Year, Elissa Allen, Marketing and Communications Director.
The 2014 Million Dollar Club recipients include: Charlie Armstrong, SIOR, John Corelis, Tom Dalton, Meg Halligan, Jeff R. Heuer, Alex Kelly, David A. Levin, Ray Oczak, SIOR, CCIM, Laurie A. Peters, John G. Ruhl, Richard Schaefer, Richard Weinstein, Jim Weir and Chris Wilkins. This award is given to those who have closed one million dollars or more in sales volume during the course of the calendar year.
“The success of this company is measured by the achievements of all of our agents and staff and we could not have a better team to help lead this company towards a strong 2015,” John G. Ruhl.
Let us know where we can help you next at www.ruhlcommercial.com.