The industry's own research.
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AVON, OHIO — Cleveland Clinic has broken ground on a $322 million expansion of Cleveland Clinic Avon Hospital and the Richard E. Jacobs Health Center. The multi-phase project will significantly increase the size of the campus, increase capacity across emergency, inpatient and outpatient services and introduce new…
PARMA, OHIO — Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal…
The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday, maintaining the policy target range established in January. The decision was not unanimous, as three central bank officials dissented in favor of a quarter-point rate increase: Cleveland Fed President Beth Hammack,…
GLENDALE, ARIZ. — Cleveland-based Woodside Health has completed the disposition of Arrowhead Executive Center, a healthcare and office campus in Glendale. Terms of the transaction were not released. Built in 1999, the eight-building campus offers 101,000 square feet of medical office and traditional office space.…
ROCKY RIVER, OHIO — JLL Capital Markets has arranged the $28.2 million sale of Westwood Town Center, a shopping center in Rocky River near Cleveland. Built in 1988, the property totals 226,155 square feet. Anchor tenants include Home Depot, which accounts for 30 percent of income and recently extended its lease,…
Cleveland’s Midline project pioneers a new district-scale model to transform vacant industrial brownfields into hubs for advanced manufacturing and good jobs.
In this episode of Retail Recorded, host Anjee Solanki sits down with Jared Shapiro, Vice President of Retail at Colliers in Cleveland, to discuss the impact of the Emerging Retail Leaders (ERL) program and how collaboration, mentorship, and curiosity are helping shape the next generation of commercial real estate…
Home prices rose 0.3% month over month on a seasonally adjusted basis. Prices rose 2.5% on a year-over-year basis–the fastest growth rate in six months. On a local level, prices rose in 29 major metros month over month, with the biggest increases in Cleveland, Providence and New York. This is based on the Redfin…
Cleveland's industrial market entered 2026 with a 3.9% vacancy rate and asking rents of $5.80 per square foot, having experienced four consecutive quarters of rising vacancy from 2.8% at end-2024, reflecting a market settling into a healthier equilibrium. The market recorded 133 total leases in Q1 2026 (109 new deals totaling 1.49 million square feet and 24 renewals of 417,217 square feet), nine construction completions delivering 362,000 square feet, and 1.34 million square feet remaining under construction with anticipated deliveries in subsequent quarters.
This is a market report published by Colliers in Q1 2026 covering the office sector in Cleveland, Ohio and national markets.
This is a market report published by Colliers in Q1 2026 covering the retail sector in Northeast Ohio, with a focus on the Cleveland area.
This is a quarterly data and figures report published by CBRE on March 31, 2026, covering the office sector in Cleveland, Ohio with reference to national markets.
This is a data and figures report published by CBRE on March 31, 2026, presenting first-quarter 2026 industrial market metrics for Cleveland, Ohio with national context.
Cleveland's retail market in Q1 2026 maintained a 5.1% vacancy rate supported by limited new construction and tight supply, though demand softened with negative absorption of 623,000 square feet and rent growth moderated to 0.7%. Investment activity strengthened with sales volume reaching $140 million, as investors focused on grocery-anchored centers and net lease assets offering stable income despite broader economic uncertainty and demographic headwinds.
Cushman & Wakefield's Q1 2026 Cleveland office market report indicates overall vacancy remained flat at 10.9% with net absorption of negative 481,804 square feet, reflecting continued tenant downsizing despite solid leasing activity, while asking rents declined slightly to $19.42 per square foot overall with Class A rents rising to $21.73 per square foot. Transaction activity in Q1 included 98 sales totaling 2.77 million square feet led by the 640,736-square-foot auction of 6300 Wilson Mills Road, and 197 leases totaling 638,599 square feet with 61 percent of deals under 2,000 square feet, concentrated among smaller tenants.
This is a multifamily market report published by Colliers in the first quarter of 2026 covering the Cleveland, Ohio market and national multifamily sector trends.