Office MarketView Report and Survey Midyear 2020
Office MarketView Report and Survey Midyear 2020
This issue of the Reichle Klein Group semi-annual survey and report on the state of the Toledo,
Ohio office space market is published in June 2020 as the economy begins to reopen from
the abrupt and comprehensive shutdowns imposed by governments around the world in response
to the COVID-19 pandemic. Because the shutdowns began in late March 2020 and the
market was essentially frozen in place through our survey window, our survey results capture a
snapshot of the Toledo office market reflecting the pre-COVID state. Events have simply unfolded
too quickly for our survey to yet provide clues as to the lasting impact of the crisis on the
office market in Toledo.
Hot Topics
- Data used is a snapshot of pre-Covid activity, Q4 report will more accurately display Covid effects on the market
- Lease rates have shown a slight increase, but overall remain constant
- No new space under construction, but a promising redevelopment
- Perrysburg holds its place as the best performer in lease rate and absorption
- Vacancy rates go up as shadow vacancies are brought to light
Property Finder
Featured Listings
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.
