Cleveland Industrial Outlook - Q3 2021
An in-depth look at the leasing, sales, construction, and employment in the Cleveland industrial market.
- Andrew Batson
- Joe Warren
Despite growing construction costs, investors remain eager to address the shortage in industrial supply and meet growing demand for industrial space in Cleveland. In fact, local developers haven’t missed a beat. The current pipeline shows that developers are on track to deliver nearly 3.3M SF in 2021 - the most since 2004.
Our Q3 2021 Cleveland Industrial Outlook provides a detailed overview of industrial market fundamentals, including vacancy, asking rental rates, construction, sales, and employment.