Office Report
Toledo office marketview report endyear 2018
Reichle Klein Group’s endyear 2018 Toledo, Ohio, office-market survey found the market continuing to stabilize with modest improvement among the key indicators. Vacancy fell slightly in both the Central Business District (CBD) and in most of the suburban submarkets and building classes. The average asking rental rate for the overall market increased a nominal $0.02 per SF from midyear and a quite healthy $1.33 per SF during the entire year. Most encouragingly, the market absorbed 104,681 SF of space in the last six months of 2018 and 185,043 SF the entire year. Generally, it paints a bit rosier picture than might have been expected.
Hot Topics
- Market stabilization continues with modest improvement among key indicators
- Absorption paints rosier picture than might have been expected
- Suburban submarkets chipping away at vacancy bubble of past two years
- Perrysburg/Northwood remains best submarket performer achieving low vacancy, highest rents
- Amount of space under construction falls to more typical level
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Reichle Klein Group’s Investment Property Advisors Apartment Group Orchestrates $6.3 Million Apartment Sale
Reichle Klein Group recently coordinated the $6.3 million sale of North Towne Villas, a 145-unit apartment complex in Toledo, Ohio.
Reichle Klein Group Sells $2.2 Million Office Building
Reichle Klein Group recently coordinated the $2.2 million sale of an office building in Maumee, Ohio.
Reichle Klein Group Completes $1.025 Million Industrial/Flex Sale
Reichle Klein Group recently orchestrated the $1.025 million sale of an industrial/flex building in Toledo, Ohio.
Reichle Klein Group Arranges $5.2 Million Sale of Industrial Building
Reichle Klein Group recently orchestrated the $5.2 million sale of a single-tenant, net-leased industrial building in Toledo, Ohio.
Reichle Klein Group Orchestrates 26,586 SF Office Lease
Reichle Klein Group recently arranged a multi-year office lease for 26,586 SF in Maumee, Ohio’s Arrowhead Business Park.
Reichle Klein Group Orchestrates $1.65 Million Office Building Sale
Reichle Klein Group recently coordinated the $1.65 million sale of an office building in Maumee, Ohio.
Reichle Klein Group Arranges $2 Million Industrial-Building Sale
Reichle Klein Group recently orchestrated the $2 million sale of the former Champion Windows building in Maumee, Ohio.
Reichle Klein Group Arranges 98,000 SF Lease for Big R
Reichle Klein Group recently orchestrated the lease of a former Sears store in Findlay, Ohio.
Reichle Klein Group Brokers $3.968 Million Sale of Medical-Office Building
Reichle Klein Group recently arranged the $3.968 million sale of a medical-office building in Perrysburg, Ohio.
Reichle Klein Group Arranges $2.625 Million Sale of Former Auto Dealership
Reichle Klein Group recently orchestrated the $2.625 million sale of a former auto dealership in Toledo, Ohio.
