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The Midwest Manufacturing Resurgence: Why Industrial Real Estate is Booming in America’s Heartland
The Midwest is experiencing a manufacturing renaissance that’s reshaping the industrial real estate landscape across the region. From massive semiconductor fabs to cutting-edge EV battery plants, billions in new investment are flowing into markets from Ohio to Kansas, creating unprecedented opportunities for America’s industrial base. Below is a recap of JLL’s latest research piece on…
Cleveland Industrial Market Report – Q3 2025
Cleveland’s industrial real estate market demonstrated some resilience in the third quarter of 2025, with fundamentals stabilizing following the significant occupancy loss experienced in Q2 and showing encouraging signs of recovery across multiple metrics. Here are the key takeaways from JLL’s latest market reports for both Cleveland and the broader U.S. industrial market, along with…
Is the AI Boom coming to Northeast Ohio?
The AI revolution is reshaping commercial real estate across America, and Northeast Ohio just joined the party. OpenAI’s recent announcement of a $400 billion investment in five new U.S. data center sites, including a major investment at the former GM plant in Lordstown, Ohio, shows how the region could become a critical hub for AI…
New Listing Activity – Summer 2025
JLL’s Cleveland office is marketing a variety of properties available for sale & lease across Northeast Ohio. The brokers on these listings include Don Bain Jr., Kristy (Hull) Peters, Amy Bradford, and Sam Everson. 7425 & 7405 Industrial Parkway Dr, Lorain OH For Sale: $4,875,000 | Two industrial buildings totaling 73,360 SF on 11.01 acres…
Cleveland Industrial Market Report – Q2 2025
Cleveland’s industrial real estate market experienced mixed dynamics in the second quarter of 2025, with strong fundamentals partially offset by a significant move-out event that impacted overall absorption figures. Here are the key takeaways from JLL’s latest market report, along with additional context on the U.S. industrial market and recent developments. Q2 Trends and Data…
Cleveland Industrial Market Report – Q1 2025
Cleveland’s industrial real estate market continued to demonstrate resilience and strength in the first quarter of 2025, mirroring broader national trends in the industrial sector despite recent economic uncertainty surrounding President Trump’s trade and tariff policies. Here are the key takeaways from JLL’s latest market report, along with additional context on the U.S. industrial market…
State of the Industrial Real Estate Market in 2025
As 2025 progresses, the industrial real estate market in Cleveland and across the country is poised for continued growth. Manufacturing is expanding in the U.S. at a clip not seen for decades. Additionally, demand remains steady for logistics & distribution space, along with R&D and flex space. As the industrial sector navigates through broader economic…
Three Industrial Spaces for Lease in Bedford Heights
Happy New Year! 2025 is off to a strong start with three fantastic industrial spaces available for lease in Bedford Heights. Kristy Peters and Sam Everson are pleased to offer over 136,000 SF of warehouse & distribution space in the southeast submarket. More details for each property are located below. 26050 Richmond Road, Bedford Heights…
Updates – Dec’24
Hey there. Merry Christmas and Happy Holidays! I didn’t post a blog last month because I was in the middle of transitioning to a new firm. I’m now proud to announce that as of November, I joined the industrial team at Jones Lang LaSalle (JLL) in Cleveland! I am still working as a commercial real…
Cleveland Industrial Market Report – Q3 2024
Overview Cleveland’s industrial real estate market remained steady through the end of the summer. A few brokerage firms reported negative net absorption rates in Q3 for the first time in several quarters. In general, lease rates continued to increase slightly, but leasing activity began to slow down in the quarter. Net Absorption and Vacancy Rates…
Major Real Estate Development Projects in Cleveland
I wanted to highlight a few of the large scale real estate development projects proposed or currently under construction across Cleveland and Northeast Ohio. These developments vary in size and span across asset classes, including industrial, office, mixed-use and sports facilities. There are many other notable commercial real estate projects taking place across Northeast Ohio.…
State of the US Economy and Industrial Real Estate Market
Newmark published their Q2 2024 U.S. Industrial Market Report a few days ago, and I wanted to highlight some data points, charts and commentary that I found interesting. Inflation Inflation has leveled off in recent months. It’s still above the Federal Reserve’s 2% target, but odds markets are are showing a high probability of a…
Cleveland Industrial Market Report – Q2 2024
Overview Cleveland’s industrial real estate market continued to steadily march along as the year progressed into late spring and early summer. There were many positive indicators displaying the strength and consistency of the market, however overall leasing activity slowed somewhat significantly compared to prior quarters. Net Absorption and Vacancy Rates In the second quarter of…
New Listings – June’24
Sam Everson brought 3 new listings to market in June of 2024. Two of the properties are available for lease, and one is listed for sale. Below is a summary of these three properties: Multi-Tenant Industrial | 682 W Bagley Rd, Berea OH For Lease: Industrial property with 22 flex/warehouse units available for lease. Units range…
The Basics of a 1031 Exchange
Real estate investors hate paying taxes, as do most people. Luckily for them, Section 1031 of the IRS tax code exists. 1031’s allow investors to sell investment property and use all of the proceeds to purchase new investment property, all while deferring capital gains tax associated with the sale. To qualify as an exchange, the…
Cleveland Industrial Market Report – Q1 2024
Overview Cleveland and Northeast Ohio’s industrial real estate market started 2024 on solid footing, showing continued stability despite other commercial real estate sectors facing significant headwinds. Although the market has cooled off from the historic leasing and sales activity that occurred in 2020 and 2021, the market remains strong and there is still increasing demand…
It Sucks Being A Tenant Or Buyer Right Now
If you’re in need of additional industrial space for your business, or you’re looking to buy an industrial property as an investment, you’re out of luck. That is, if you’re looking in western Cuyahoga County or Lorain County. There are currently zero industrial or warehouse properties listed for sale (LoopNet & Crexi) in the following…
New Listings – Feb’24
Sam Everson brought 3 new listings to market in February of 2024. Two of the properties are available for lease, and one is available for sale. Below is a summary of these 3 listings: 33751 Lear Industrial Parkway, Avon OH For Lease: 6,300 SF of warehouse and office space available for lease at $7.50/SF NNN.…
Cleveland Industrial Market Report – Q4’23
Overview Cleveland’s industrial real estate market remained steady to end 2023. Industrial real estate continued to outperform other commercial real estate asset classes throughout the United States in terms of lease/sale activity and rent growth. Reshoring efforts from U.S. manufacturers continues to be a tailwind for the sector, and that trend is expected to continue…
Industrial Real Estate Trends for 2024
In 2023, industrial real estate emerged as one of the highest-performing asset classes, experiencing demand at levels close to historical records. Despite experts acknowledging that growth may occur at a somewhat reduced rate in 2024, the outlook for the sector remains optimistic. Similar trends that occurred in industrial real estate in 2023 will continue into…
Cleveland Industrial Real Estate 