Industrial Report
Toledo Industrial Marketview Report Midyear 2019
Based on the Reichle Klein Group 2019 midyear survey, the Toledo, Ohio, metro area industrial space market continues to perform at a high level. Vacancy is down again, falling to 3% from 3.8% at endyear 2018. Vacancy among Class A buildings fell from 3.7% to 1.6% over the same time period. During the first half of 2019, the market absorbed a total of 533,923 SF of space, 428,882 SF of that was among Class A buildings. The average asking rental rate did fall from endyear by $0.20 to $3.50 per square foot, but this drop is primarily due to the shrinking supply of better quality, higher-priced space. The average asking price for Class A buildings rose $0.08 to $6.01 per square foot.
Hot Topics
- Market continues performing at high level
- Overall vacancy falls to 3% while Class A space drops to 1.6%
- Users coming from a wide range of industry sectors, fewer from automotive industry
- New properties sell or lease quickly
- Amount of space under construction remains at an elevated level
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News & Information
Reichle Klein Group Organizes 10-Year Retail Lease for Five Below
Reichle Klein Group recently coordinated a 10-year lease in Crossroads Centre in Rossford, Ohio. The 464,713 SF regional shopping center is situated on 66 acres near I-75 and the Ohio Turnpike (I-80/90).
Reichle Klein Group’s Investment Property Advisors Apartment Group Orchestrates $29.4 Million Apartment-Portfolio Sale
Reichle Klein Group recently coordinated the $29.4 million sale of an 888-unit apartment portfolio in Toledo and Oregon, Ohio.
Reichle Klein Group Sells $1.35 Million Industrial Building
Reichle Klein Group recently arranged a $1.35 million industrial-building sale in Dearborn, Michigan.
Reichle Klein Group Coordinates 66,603 SF Industrial Lease
Reichle Klein Group recently arranged a five-year, five-month industrial lease in Toledo, Ohio.
Reichle Klein Group Sells $1.275 Million Industrial Flex/Office Building
Reichle Klein Group recently coordinated the $1.275 million sale of an industrial flex/office building in Maumee, Ohio.
Reichle Klein Group Coordinates 125,000 SF Industrial Lease
Reichle Klein Group recently arranged an industrial lease for Modern Builders Supply, Inc., in Toledo, Ohio.
Reichle Klein Group Arranges $1.905 Million Sale of Retail Plaza
Reichle Klein Group recently organized the $1.905 million sale of Library Plaza in Toledo, Ohio.
Reichle Klein Group Orchestrates $1 Million Industrial Purchase
Reichle Klein Group recently coordinated the purchase of an industrial building in Dayton, Ohio.
Reichle Klein Group Coordinates $1.457 Million Retail-Building Sale
Reichle Klein Group recently arranged the sale of a Dollar General-occupied retail building in Oregon, Ohio.
Reichle Klein Group Organizes $2.9 Million Former Kmart Plaza Sale
Reichle Klein Group recently coordinated the $2.9 million sale of a former Kmart-anchored plaza in Toledo, Ohio.
