Research

Cleveland Industrial Outlook Q2 2021

An in-depth look at the leasing, sales, construction, and employment in the Cleveland industrial market.

July 01, 2021

Despite positive absorption seen in the second quarter, vacancy across Cleveland’s industrial sector ticked upward as a result of new product finalizing construction. Still, investors are eager to address the shortage in supply and meet growing demand for industrial space in Cleveland. Our Q2 2021 Cleveland Industrial Outlook provides a detailed overview of industrial market fundamentals, including vacancy, asking rental rates, construction, sales, and employment.

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