Cleveland Industrial MarketBeat Q1 2026
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.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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