Office Report
Toledo office marketview report midyear 2018
Whether the worst is behind us or we are simply registering a pause before a further slide in market conditions will not be clear for a year or two. What is certain is that the Toledo, Ohio, office market stabilized a bit in the first half of 2018. After several periods of rapidly climbing vacancy and significant negative net absorption, the Reichle Klein Group midyear 2018 survey of the Toledo market provides some comfort to office-building owners who might have been feeling a bit anxious about the recent trend of the local market.
Hot Topics
- Area office market stabilizes in first half of 2018
- Overall lease rate rises significantly from endyear 2017
- Vacancy increases, though at a much slower rate
- The Tower on the Maumee accounts for majority of new space
- Several interesting relocation or reconfiguration themes emerging and affecting office market
