Cleveland Industrial Outlook – Q1 2022
An in-depth look at the leasing, sales, construction, and employment in the Cleveland industrial market.
April 01, 2022
- Andrew Batson
- Joe Warren
Despite building material shortages and ongoing supply chain disruptions, developers remain eager to capitalize on favorable market conditions. Ample infrastructure and a centrally located position within the Midwest have made Cleveland a strong beneficiary of industrial companies moving closer to their consumers. More than 2.1M square feet was absorbed in Q1, setting a single-quarter record for Cleveland’s industrial market.
Download our Q1 2022 Cleveland Industrial Outlook provides a detailed overview of industrial market fundamentals, including vacancy, asking rental rates, construction, sales, and employment.