The Coyne Report - April 24, 2026 ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Coyne Report Header

1st Quarter 2026 Cleveland & Columbus Industrial Market Highlights

Cleveland Industrial Market Highlights
Cleveland Industrial Highlights
Columbus Industrial Market Highlights
Columbus Industrial Highlights
Featured Coyne Listing
1000 Hedstrom Dr. | Ashland

Industrial Investment Opportunity

1000 Hedstrom Dr. | Ashland, OH

45,294 SF Warehouse Facility For Sale

100% Leased to Single Tenant

NNN Lease Through February 2031

Learn More About 1000 Hedstrom Dr.
This Week's Top Sales
5303 Fisher Rd. | Columbus

Industrial Sale | Columbus

5303 Fisher Rd.

Call The Coyne Team for Details

465,256 SF

Seller: 5303 Fisher Road Owner LLC | Buyer: 5303 Fisher Road Propco LLC

 

The Coyne Team is excited to announce the successful sale of 5303 Fisher Rd. in Columbus, Ohio. We were proud to represent the sellers in this transaction.

5800 Rockside Woods Blvd. | Independence

Hotel Sale | Independence

5800 Rockside Woods Blvd.

$15,400,000 ($56,827/Room)

271 Rooms

Seller: AHIP OH Columbus Properties LLC | Buyer: Cleveland Rockside LLC

17872 Lincoln Highway | Delphos

Hospital & Land Sale | Delphos

17872 Lincoln Highway

$8,000,000 ($494.35/SF | $365,297/AC)

16,183 SF | 21.9 AC

Seller: Middlepoint Real Estate | Buyer: Everwell Propco RV LLC

2500, 2524, 2534, & 2680 Woodville Rd. | Northwood

Retail Sale | Northwood

2500, 2524, 2534, & 2680 Woodville Rd.

$7,500,000 ($22.32/SF)

336,000 SF

Seller: Northwood Dhaliwal Plaza LLC | Buyer: Brilliance Properties, Inc.

0 Watkins Rd. & 0 Wildwood Lane | Marysville

Land Sale | Marysville

0 Watkins Rd. & 0 Wildwood Lane

$6,864,700 ($31,972/AC)

214.71 AC

Seller: Ryan J. Lee & Gregory J. Lee | Buyer: The Marysville Land Company II LLC

6065 Central College Rd. | Columbus

Retail Sale | Columbus

6065 Central College Rd.

$4,500,100 ($298.57/SF)

15,072 SF

Seller: Granaz Properties LLC | Buyer: Fairbridge Strategic Capital LLC

Multi-Parcel Land Sale | Union & Tipp City

Multi-Parcel Land Sale | Union & Tipp City

Old Springfield Rd.

$4,056,000 ($79,464/AC)

51.042 AC

Seller: Pure Jeh Union LLC | Buyer: Highland Union LLC

9350 Center Rd. | Austinburg

Hotel Sale | Austinburg

9350 Center Rd.

$3,975,000 ($62,109/Room)

64 Rooms

Seller: Amoha, Inc. | Buyer: Tolani Investments LLC

2 Garfield Place | Cincinnati

Former Hotel Sale | Cincinnati

2 Garfield Place

$3,750,000 ($12.24/SF)

306,355 SF

Seller: Phoenix Acquisition LLC | Buyer: OTR Holdings, Inc. | Hamilton County Land Reutilization Corporation

630 St. Rt. 323 | London

Land Sale | London

630 St. Rte. 323

$3,339,579 ($16,750/AC)

199.38 AC

Seller: John E. & David W. Dixon | Buyer: Gill Integrated Livestock & Land Farms LLC

Top Executed Leases Header
2727 London-Groveport Rd. | Groveport

Industrial Sublease | Groveport

2727 London-Groveport Rd.

509,190 SF

Sublease Rep Company: CBRE

1125 Strategic Pkwy. | Springdale

Industrial Lease | Springdale

1125 Strategic Pkwy.

187,237 SF

Lease Rep Company: Cushman & Wakefield

20600 Sheldon Rd. | Brook Park

Industrial Lease | Brook Park

20600 Sheldon Rd.

49,090 SF

Lease Rep & Landlord Company: Weston, Inc.

Top New Sale & Lease Listings
Tech Center Drive & Buckles Court | Gahanna

Land for Sale | Gahanna

Tech Center Drive & Buckles Court

$7,000,000 ($700,000/AC)

10 AC

Sale Contact: Sikander Chowhan of eXp Commercial

1675, 1695, & 1699 Mount Vernon Rd. | Newark

Multi-Family & Storage for Sale | Newark

1675, 1695, & 1699 Mount Vernon Rd.

$6,200,000 ($136.61/SF)

45,385 SF

Sale Contact: Brandon Hess of Shai · Hess Commercial Real Estate

Car Wash Portfolio for Sale | Cleveland

Car Wash Portfolio for Sale | Cleveland

3340 W. 25th St.

3363 W. 140th St.

11870 Bellaire Rd.

5501 Denison Ave.

8410 Detroit Ave.

$5,999,600 ($432.06/SF)

13,886 SF

Sale Contact: David Stover of Hanna Commercial Real Estate

22555 Ascoa Ct. | Strongsville

Industrial for Sale | Strongsville

22555 Ascoa Ct.

$3,995,000 ($88.15/SF)

45,320 SF RBA

Sale Contact: Mike Petrigan of CBRE

6801 Brecksville Rd. | Independence

Office for Lease | Independence

6801 Brecksville Rd.

70,945 SF Newly Available

Lease Contact: Maureen Anter-Ressler of Cushman & Wakefield | CRESCO Real Estate

3100 Lebanon Rd. | Lebanon

Land for Sale | Lebanon

3100 Lebanon Rd.

$5,800,000 ($271,790/AC)

21.34 AC

Sale Contact: Dale Peach of Peach Realty, Inc.

1575 Rail Southern Ct. | Columbus

Industrial for Sublease | Columbus

1575 Rail Southern Court

151,200 SF Available

Sublease Contact: Brad Struck of Cresa

1825 Callendar Rd. | Roaming Shores

Land for Sale | Roaming Shores

1825 Callendar Rd.

$5,000,000 ($87,719/AC)

57 AC

Sale Contact: Amid Yousef

1875 Founders Dr. | Dayton

Industrial for Sale | Dayton

1875 Founders Dr.

$3,790,000 ($117.57/SF)

Cap Rate: 10.11%

32,235 SF RBA

Sale Contact: Tony Taylor of Crest Commercial Realty

3001 W. Tech Blvd. | Miamisburg

Industrial for Lease | Miamisburg

3001 W. Tech Blvd.

72,357 SF Available

Lease Contact: Josh Gerth of JLL

640 Dearborn Park Lane | Worthington

Industrial for Lease | Worthington

640 Dearborn Park Lane

54,000 SF Available

Lease Contact: Nick Tomasone of CBRE

4200 Mink St. NW. | Johnstown

Land for Sale | Johnstown

4200 Mink St. NW.

$3,200,000 ($896,359/AC)

3.57 AC

Sale Contact: Christy Sinningson of RE/MAX Affiliates, Inc.

Industry News & Insights

CLEVELAND

  • How people are reacting to Cleveland's push to close, reimagine Burke Lakefront Airport 
  • Groundbreaking for a groundbreaking venue 
  • Commentary: Cosm’s playful architecture makes sense, but will it lift Downtown Cleveland? 
  • Outdoor wellness destination proposed on riverfront 
  • Central continues to transform with completion of Sankofa Village 
  • Burke Lakefront Airport hearings offered practical view on redevelopment, Cleveland City Council member says 
  • City of Cleveland officials and Pennrose celebrate opening of 236-unit apartment community in Central neighborhood 
  • O’Malley wants state audit of county jail contracting 
  • Clinic’s $1.3 billion expansion is just the beginning 
  • W. 130th gets infusion of new life 
  • Diamond Properties Grows Ohio Industrial Portfolio to 3.66M SF 
  • Rundown Shaker Square area apartments on auction block. Cleveland gets court to require new owners to make repairs 
  • Capitol Theatre upgraded projected 
  • Brook Park City Council OKs pre-development deal, sales-tax break for new Browns stadium 
  • Cross Street Begins Leasing Efforts for 124-Unit Westline Apartment Community in Lakewood, Ohio 
  • Cleveland Heights building for the future 
  • Notre Dame College gets $7.5 million offer as auction set for May 
  • A new grocery store is planned for the Central neighborhood. Could this one stick?  
  • They wanted to build affordable apartments. These Black women developers are doing more than that. 
  • Cleveland waterfront property available, spectacular views, unbeatable price. But are you worthy? 
  • Meeting to resolve Cuyahoga County jail dispute canceled 

COLUMBUS

  • Downtown Columbus KeyBank building sold for $5.1M after auction 
  • Ohio Senators weigh power programs that could move quickly, save money 
  • House Bill 617: Enact the Ohio Capital Gains Tax Repeal Act 
  • EdgeConneX affiliate proposes 430MW natural gas plant to power data center campus in New Albany, Ohio 
  • Local real estate expert expects residential development to slow in downtown Columbus 
  • Stark Enterprises to Break Ground on 120-Unit Build-to-Rent Community in Metro Columbus 
  • VanTrust Fully Leases New Albany Tech Park 300 

ELSEWHERE IN OHIO

  • Plant closure in this Ohio county will cost dozens of jobs this summer 
  • Mansfield Residents' Data Center Opposition Group Circulates Petition 

NEWMARK

  • 1Q26 Cleveland Office Market Report 
  • 1Q26 Columbus Office Market Report 
  • QSR Real Estate: How ​Quick Service and Fast Casual Restaurants Are Getting Smarter 
  • Newmark Promotes Rob Vodinelic to Head of Strategy for Valuation & Advisory in the U.S. 

GENERAL

  • Big banks say delinquent property loans are withstanding war, inflation, consumer fears 
  • AI Office Trends Shift Leasing Demand 
  • Self-Storage Restrictions Challenge US Landlords 
  • Bank CRE Lending Climbs Amid Uncertainty 
  • Data Center Power Demand Drives $1.4T Utility Buildout 
  • Data Center Tax Abatements: Why States and Localities Must Disclose These Soaring Revenue Losses 
  • Manufacturing Institute AI Funding Boosts Workforce Training  
  • Multifamily Slowdown Linked to Job Growth 
  • Walmart accelerates pace of store openings this year 
  • Prologis raises profit outlook as data centers fuel warehouse leasing 
  • How much power do cities have over data centers? 
  • Slower U.S. Construction Pipeline Alters Supply Outlook for Commercial Real Estate 
  • Warehouse, Logistics and Automation Adoption 
  • Big Banks Are Still Shedding Real Estate Debt 
  • From Glamping To Gaming, Hotels Lean Into Experiential Concepts 
  • M&A Activity to Rebound This Year 
  • Commercial and Multifamily Mortgage Debt Outstanding Increased to $5T in Q4 
  • 2026 Employment Picture 
  • Energy Upgrades Boosted by Ares Commitment 
  • Two-Bedroom Apartments Lead Rent Declines Nationwide 
  • As US logistics leasing eases toward pre-pandemic norms, differences emerge 
  • The US Government Will Ask Data Centers How Much Power They Use 
  • Grocery-Anchored Retail Footprint Expands Amid K-Shaped Market 
  • Manufacturing Boom Elevates US Factory Output 
  • AI Underwriting Reshapes Real Estate 
  • Segmented CRE Markets Persist Amid Uncertainty 
  • Class B Apartments Outperform in Multifamily Market 
  • REIT Fundraising Drops 18% As More Public Landlords Get Taken Private 
  • Industrial Properties Logistics Trust Lands $1.6B CMBS Deal 
  • Land Inventory Has Fallen Nearly 24% Since The Pandemic 
  • Blue Owl Builds a Capital Platform for the Hyperscale AI Era 
  • 2026 CMBS Delinquency Rates 
  • 2026 Special Servicing Rates 
  • Construction M&A activity continues in 2026 
  • What’s stalling data center projects? Public opposition and power access lead delays. 
  • U.S. Retail Asking Rent Growth Moderates in the First Quarter of 2026 
  • CommercialCafe report: Vacancy rate down, but national office sector still faces challenges 
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