Retail Report
Toledo retail marketview report Midyear 2019
On the one hand, the Reichle Klein Group survey of the Toledo, Ohio, area retail space market as of June 2019, captured some encouraging, positive data. On the other hand, the survey data also demonstrates the ongoing turmoil and change taking place in the retail and retail-space world. The good news is that vacancy is down by a surprisingly high amount. Overall market vacancy fell from 13.1% at endyear 2018 to 11.5% at midyear 2019. Additionally, there was also positive net absorption of an equally surprising 380,385 SF of space overall.
Hot Topics
- Market captures some encouraging, positive data
- Data also demonstrates ongoing turmoil and change in retail world
- Vacancy fell from 13.1% at endyear 2018 to 11.5% at midyear 2019
- Surprising 380,385 SF of positive net absorption since endyear
- Lease rates fell by $0.14 per square foot in the first half of 2019
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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.
