What to watch in Cleveland’s commercial real estate sectors in 2026
Office, industrial, retail markets signal stability while multifamily sees weak demand
Office gains drive vacancy lower, but near-term outlook remains cautious
Columbus, Ohio, apartment rents fall for sixth straight month
The market’s record high vacancy rate weighs on rent growth
The Columbus, Ohio, multifamily market is experiencing its longest stretch of declining rents on record, as completions push the vacancy rate higher.
Columbus' industrial market turns corner, signaling stability in 2026
Steady demand and limited development support balanced market
Columbus, Ohio's industrial market tightened in 2025, as developers completed fewer projects and tenant demand hit a three-year high.
Columbus among the few standout Midwest retail markets for 2026
Ohio's capital region ranks among the top 10 nationwide in perofrmance
The Columbus, Ohio, retail market is entering 2026 on a high note, with the market benefiting from historically low availability, limited new construction and a growing consumer ba...
Smaller leases are becoming more prevalent in Cleveland’s office market
Suburban areas see steady activity, while downtown lags
The volume of new office leases in Cleveland, Ohio, has stabilized over recent quarters, though new-to-market deals are skewing smaller as companies look to reduce overhead and imp...
Demand for large industrial space in Columbus among highest in the nation
Strong leasing, limited availability for large bay space drive high ranking
Columbus, Ohio’s large bay industrial market is among the top performers among the country’s major markets.
Cleveland among top 10 best-performing large-bay industrial markets
Limited availability in new inventory, modest vacancy expansion drive high ranking
Cleveland’s large-bay industrial market is among the top performers in the country’s major markets.
Pittsburgh's large bay industrial market ranks in the top five for performance
Limited availability in new inventory and modest vacancy expansion drive high ranking
Pittsburgh’s large bay industrial market is among the top performers among the country’s major markets.
Smaller office leases are becoming more prevalent in Cincinnati
Suburban areas see steady leasing, while downtown lags
Office leasing has stabilized in the Cincinnati area over the past few quarters, though new-to-market deals are skewing smaller as companies look to reduce overhead and improve fle...
Industrial demand hits record high in Columbus, Ohio
Healthy leasing, limited speculative development support tightening market
Third-quarter industrial demand was the strongest on record in Columbus, Ohio, pushing the amount of available space to a 21-month low and marking the third straight quarter of dec...
Wave of new apartment units drives vacancy higher in Cleveland
New supply is concentrated in downtown Cleveland and its eastern suburbs
While developers across the country continue to pull back on apartment construction in response to the elevated vacancy levels and declining rent, the apartment construction pipeli...
Columbus office demand shifts to older buildings as groundbreakings fade
Tenants prioritize location and value amid construction slowdown in Ohio's capital
With new office construction at a standstill, tenants in the Columbus, Ohio, area are increasingly turning to older buildings to meet their space needs.
Apartment rents in Cleveland mark fourth consecutive month without an increase
Fewer groundbreakings may push rents higher over the long term once vacancy begins to tighten
Apartment rents in Cleveland, Ohio, saw little movement in September, marking the fourth consecutive month of flat to negative rent growth. Apartment rents are advancing at their s...
Columbus retail availability hits new low following Wayfair deal
Online furniture seller inks Ohio market's largest retail lease year to date
The amount of available retail space in Columbus, Ohio, is now at its lowest point on record after an online furniture retailer signed the market's biggest retail deal of the year.
Multifamily sales boost commercial real estate investment volume in Pittsburgh
Office sales drop for the third consecutive quarter
Commercial real estate sales in the Pittsburgh area totaled $611 million in the third quarter of 2025, making it the strongest quarter for sales volume since 2022.
Smaller office leases are becoming more prevalent in Columbus
Suburban areas see steady leasing, while downtown lags
The volume of new office leases in Columbus, Ohio, has stabilized over recent quarters, though new-to-market deals are skewing smaller as companies look to reduce overhead and impr...
Pittsburgh apartment rent growth sees modest pullback in September
Healthy construction activity may place downward pressure on rent growth in near term
Apartment rents in Pittsburgh fell 0.2% month over month in September, a slight pullback when compared to the same month in recent years.
Available industrial space in Cincinnati hits lowest point in 18 months
Limited construction, steady demand drive tightening market
The amount of available industrial space in Cincinnati is at its lowest point in 18 months, as limited construction and a steady demand for space have tightened the market.
Apartment rent growth slows for third consecutive month in Cincinnati
Elevated vacancy pushes rent growth to lowest point in years
Apartment rent growth slowed for the third straight month in Cincinnati as a surge in development has caused the vacancy rate to hit its highest point in over a decade.
Boost in apartment demand pushes vacancy to three-year low in Pittsburgh
Demand increased across price points
An increase in demand has driven multifamily vacancy in Pittsburgh to a three-year low, with preliminary data showing continued renter interest in the third quarter.