Blog

Q3 Cleveland Industrial MarketBeat Report Now Available

The Cushman & Wakefield I CRESCO Q3 MarketBeat Industrial report has been published.

Third quarter 2018 saw market vacancy in Northeast Ohio industrial real estate increase 40 basis points to 3.9%.

New construction delivered 1.2 million square feet (msf) during the third quarter with 2.4 msf currently under construction.

User sales activity continued to remain slow since the start of the year, with 1.3 msf transferring in the third quarter, as a result of the continued the lack of quality inventory.

The Cushman & Wakefield I CRESCO Q3 MarketBeat Industrial report explores these trends  along with the outlook for the final quarter of 2018 in industrial real estate in Cleveland and Northeast Ohio. Click here to view the full report

For more information, contact: George J. Pofok, CCIM, SIOR Senior Vice President gpofok@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.