Apartment vacancy dips lower in downtown Cleveland
Decade-low construction expected to result in a plunge in completions over the near term
Downtown Cleveland has long been the fastest-growing area for apartments. The size of downtown Cleveland's apartment inventory expanded 87% over the past 10 years, compared to a 14...
Industrial real estate demand in Dayton hits highest level in two years
Exposure to the aerospace and defense sectors should support future growth
Industrial demand in Dayton, Ohio, reached its highest level in two years as growth in the defense and aerospace sectors drive interest in the market.
Pittsburgh apartment rent growth slows for second consecutive month in July
Strongest quarter for completions in eight years spurs slower rent growth
While rent growth remains elevated compared to the national benchmark, a wave of completions pushed vacancy to an all-time high in Pittsburgh, and July’s rent increases fell to the...
Rent increases for Cleveland apartments slow for second consecutive month in July
Higher-than-usual vacancy expected to continue over the near term as nearly 2,000 apartment units set to be added to supply over the next three quarters
While rent growth in Cleveland remains elevated compared to the national benchmark, a wave of recent apartment building completions pushed vacancy to an all-time high. The added su...
Industrial leasing in Columbus, Ohio, reaches highest level since 2023
Licking County and southeast Columbus leasing rachets up volume
Industrial leasing in Columbus, Ohio, has accelerated, pushing quarterly leasing to the highest level since 2023.
Apartment rent growth slips in Cincinnati amid decade-high vacancy rate
Month-over-month growth at lowest point since January
Multifamily rent growth in Cincinnati has slowed considerably, despite healthy demand, as a wave of completions has pushed vacancy to the highest point in more than a decade.
Columbus apartment rent growth slows for third consecutive month
Record-level completions outpace healthy demand in Ohio's capital
Rent growth in Columbus, Ohio, fell for the third consecutive month, despite healthy demand, as a wave of completions has pushed vacancy to the highest point in more than two decad...
National store closures have minimal impact on Cleveland’s tight retail market
Available space remains limited across box sizes
Cleveland’s retail market remains historically tight despite recent store closures related to national retailer bankruptcies.
Cincinnati retail space availability nears all-time low
Space is limited across the board, though store closures increase larger options
Cincinnati’s retail market remains historically tight despite recent store closures related to national retailer bankruptcies.
Active development pipeline helps push employment growth in Columbus past US
Most major industries add jobs, signaling stability across commercial real estate sectors
Total payroll growth in Columbus, Ohio, outpaced the nation year over year in May, with construction jobs and the professional and business services sector leading the way.
Pittsburgh’s large bay industrial market remains tight
Modest development has kept the availability rate steady over the past three years
While the U.S. continues to grapple with a glut of large bay industrial completions, Pittsburgh’s modest development pipeline has kept the availability rate for larger spaces in ch...
Occupancy gains help drive medical office vacancy rates lower in Cleveland
Limited supply will support tight market conditions over the near term
Medical office buildings have demonstrated stable performance for the past few years, presenting a marked contrast with traditional offices.
Rochester leads Upstate New York markets in apartment rent growth
Limited development, strong demand supports rent gains
Apartment rent growth in Rochester, New York, is accelerating amid stable vacancy trends and limited construction activity.
Pittsburgh apartment rents increase for sixth consecutive month
Modest development activity supports steady rent gains
Compared to the U.S. and many peer markets, Pittsburgh has experienced modest apartment development in recent years. This has kept the vacancy rate relatively close to the historic...
Cleveland apartment rents on a roll, increase for sixth consecutive month
While growth rate has slowed compared to recent months, May's increase is still ahead of pre-pandemic levels
While rental apartments in Cleveland continue to see robust rent growth, a wave of recent new apartment completions pushed the multifamily vacancy for the market to an all-time hig...
Available large industrial space hits lowest level in two years in Columbus
Small bay availability has remained largely unchanged since 2018
The availability rate in industrial properties 100,000 square feet and larger in Columbus, Ohio, is at the lowest level in two years due to minimal speculative development and heal...
Apartment vacancy stable in Pittsburgh amid sharp pullback in completions
Vacancy remains below the historical average over the near term, despite uptick in completions next year
Apartment completions in Pittsburgh over the 12 months ending in the first quarter of 2025 saw a 50% pullback year over year. This starkly contrasts with the national market, where...
After record-breaking years, industrial construction sees sharp pullback in Columbus
Limited completions should stabilize Ohio market over the next 12 to 18 months
While industrial construction is slowing across the United States following record completions in 2022 and 2023, development is slowing at a faster pace in Columbus, Ohio.
Cleveland increases population for second consecutive year, led by Lorain and Medina counties
Despite recent gains, total number of residents is still below 2020 levels
According to the latest data release from the Census Bureau, Cleveland’s population increased by 5,600 residents in 2024, an increase of 0.3%, and the second consecutive year of p...
Multifamily construction picks up in Cincinnati, bucking national trend
Development is concentrated in the northern suburbs
The number of apartments under construction in Cincinnati is at its highest quarterly total in two years, bucking a national trend that has seen multifamily development fall over t...