Office Report
Toledo office marketview report midyear 2019
A snapshot overview of the Toledo, Ohio, office space market as of June 2019, based on the Reichle Klein Group midyear survey, is as follows: Overall vacancy is down slightly as a result of very modest positive net absorption of space and rents fell pennies per square foot. The picture at midyear 2019 is that of a relatively flat market continuing to stabilize after registering big increases in supply and rapidly rising vacancy through 2017 and 2018. It is not the robust market that one might like to see, but certainly more comfortable for building owners than what was occurring in 2017 and 2018.
Hot Topics
- Relatively flat market continues to stabilize
- Overall vacancy down slightly as result of modest positive net absorption
- Generally tepid activity with tenants who are actively shopping for space
- Many users focused on the space-per-person ratio of their offices
- Market is fully supplied, if not oversupplied
- No new space currently under construction
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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.
