Blog

3Q Cleveland Office MarketBeat Report Now Available

Third quarter 2018 was a strong quarter for the office market across northeast Ohio, with several high-profile CBD sales and vacancy rates dropping to historical lows.

Despite rising wages across many sectors, businesses cannot keep up with the demand for products and services due to a lack of qualified workers. Supply costs have increased as well this quarter, particularly in construction materials and transportation. Despite the labor shortage and increasing costs of goods, market conditions for Northeast Ohio were strong.

The Cushman & Wakefield I CRESCO Q3 MarketBeat Office report explores these trends along with the outlook for the final quarter of 2018.  Click here to view the full report

For more information, contact: David Leb dleb@crescorealestate.com

To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.