Cleveland Industrial Outlook – Q2 2022
An in-depth look at the leasing, sales, construction, and employment in the Cleveland industrial market.
- Andrew Batson
- Joe Warren
Despite supply chain woes, inflated construction and material costs, and the ongoing pandemic, demand for industrial space in Northeast Ohio hasn’t waned. Year-to-date absorption totals nearly 3.4 million s.f. marking the most in the first two quarters in Cleveland’s history. Developers are expected to continue building industrial product to meet demand, which will drive rents up.
Download our Q2 2022 Cleveland Industrial Outlook provides a detailed overview of industrial market fundamentals, including vacancy, asking rental rates, construction, sales, and employment.