2024 Year-End Industrial Vacancy/Net Absorption
CONTACT:
Joe Mehling – Director of Marketing
419.794.1137
jmehling@rkgcommercial.com
The overall market vacancy rate fell to 2.25% at year-end 2024. All submarkets other than the South/Southwest and West Toledo/Sylvania recorded declines in vacancy. Perrysburg/Northwood recorded a remarkable 2,921,197 square feet of positive net absorption as its vacancy rate fell to 1.47%. North Toledo and South/Southwest also both notched significant positive net absorption in the second half of 2024.
