4th Quarter 2025 Cleveland & Columbus Office Market Reports

2823 Gilchrist Rd. | Akron

45,540 SF Industrial Space for Lease

Fully Temperature Controlled Warehouse | Fenced Outdoor Storage | 8 Docks & Levelers | 3 Drive-Ins | Heavy Power

14300 Weaver Rd. | Marysville

Multi-Parcel Land Sale

$205,000,000 ($344,789/AC)

594.566 AC

Seller: The Marysville Land Company II LLC (The New Albany Company affiliate) | Buyer: Anadonna LLC (Amazon Web Services affiliate)

2604 Central Ave. SE. & Millerton St. SE. | Canton

Multi-Parcel Land Sale

$17,083,500 ($104,878/AC)

162.89 AC

Seller: Terredigm Central Finance LP | Buyer: AIDC Canton 1 LLC

Multi-Parcel Land Sale in Wayne County

614 Eckard Rd. | Dalton

1373 S. Eckard Rd. | Dalton

Lincoln Way E. | Dalton

Withrich Rd. | Dalton

1546 S. West Lebanon Rd. | Dalton

Davis Rd. | Dalton

1543 S. MT Eaton Rd. | Dalton

$16,400,000 ($20,963/AC)

782.33 AC

Seller: Farriss Dairy Farms Inc. | Buyer: RNB LLC

1805 Jackson Pike | Columbus

Retail Sale

$12,750,000 ($2,694.42/SF)

4,732 SF

Seller: NLA Columbus Frank Rd LLC | Buyer: Agree Convenience No 1 LLC

1090 S. Hamilton Rd. | Columbus

Retail Sale & Mortgage

$8,550,000 ($109.55/SF)

78,050 SF

Seller: Dick Masheter Ford Inc. | Buyer: OHF1 RE LLC (Auto Services Unlimited, Inc.)

Mortgage Consideration: $12,675,000

Grantee: OHF1 RE LLC (Auto Services Unlimited, Inc.) | Grantor: Ford Motor Credit Company LLC

6153, 6626, & 6156 Rd. 22 | Continental

Solar Park Land Sale

$6,888,967 ($15,833/AC)

435.11 AC

Seller: Renewable Land OH Blue Harvest | Buyer: Renewa I LLC

7145 Liberty Centre Dr. | West Chester

Hotel Sale

$6,649,170 ($72,274/Room)

92 Rooms

Seller: PHVIF II Liberty LLC | Buyer: Liberty Center Hotel Group LLC

2338 Cheshire Rd. | Delaware

Land Sale

$6,054,000 ($99,183/AC)

61.0387 AC

Seller: Seven Hills of Berlin LLC | Buyer: The Drees Company

4630 Elida Rd. | Lima

Retail Sale

$5,650,000 ($1,870.24/SF)

3,021 SF

Seller: Speedway LLC | Buyer: Orion Pro Fund 7CS LLC (Orion Real Estate Group)

875 Center Dr. | Vandalia

Industrial Sale

$5,280,000 ($52.16/SF)

101,220 SF

Seller: Columbia Engineered | Buyer: TLP 875 Center LLC

5226-5232 E. Provident Dr. | Cincinnati

Industrial Lease Renewal

252,000 SF

Tenant: Crescent

Landlord: Prologis, Inc.

1192 E. 40th St. | Cleveland

Industrial Lease

77,508 SF

Lease Rep Company: Global Real Estate Advisors, Inc.

2601 S. Verity Pkwy. | Middletown

Industrial Lease

75,948 SF

Lease Rep Company: SQFT Commercial

4023 Raymond Ave. | Groveport

Industrial Lease

64,229 SF

Lease Rep Company: JLL

9450 Allen Dr. | Valley View

Industrial Sublease

60,000 SF

Sublease Rep Company: Cushman & Wakefield | CRESCO Real Estate

2005 Byers Rd. | Miamisburg

Industrial Lease

60,000 SF

Lease Rep Company: Mark Fornes Realty, Inc.

815 S. Brown School Rd. | Vandalia

Industrial Lease

40,462 SF

Lease Rep Company: Apex Commercial Group, LLC

4770 Van Epps Rd. | Cleveland

Industrial Lease

26,100 SF

Lease Rep Company: Cushman & Wakefield | Cresco Real Estate

901 N. Main St. | Miamisburg

Industrial Lease

20,477 SF

Lease Rep Company: SQFT Commercial

1566 Akron Peninsula Rd. | Akron

Industrial Lease

10,500 SF

Lease Rep Company: SVN | Summit Commercial Real Estate Advisors

29601-29607 Hall St. | Solon

Industrial Lease

10,010 SF

Lease Rep Company: NAI Pleasant Valley

4400 Port Union Rd. | West Chester

Industrial for Sale & Lease

$12,750,000 ($135.91/SF)

Lease Rate: $7.50-14.00/NNN

93,815 SF RBA/Available

Sale & Lease Contact: Andrew Mattei of 3CRE Advisors, LLC

4338 Janitrol Rd. | Columbus

Industrial for Lease

231,638 SF Available

Lease Contact: Nick Tomasone of CBRE

830 N. Westwood Ave. | Toledo

Industrial for Lease

Lease Rate: $3.75/N

188,324 SF Available

Lease Contact: Ronald Jurgenson of Reichle | Klein Group

31 Curtis Dr. | Shelby

Industrial for Lease

Lease Rate: $3.75/NNN

160,000 SF Available

Lease Contact: Taylor Parnell of Central Ohio Warehouse, LLC

5920 Landerbrook Dr. | Mayfield Heights

Office for Lease

113,483 SF Available

Lease Contact: Alec Pacella of NAI Pleasant Valley

1860 Walcutt Rd. | Hilliard

Industrial for Lease

97,934 SF Available

Lease Contact: Joe Kimener of KBC Advisors

5225 Telegraph Rd. | Toledo

Industrial for Lease

Lease Rate: $4.25-4.50/NNN

93,541 SF Available

Lease Contact: Kevin Carr of NAI Harmon Group 

315 Matzinger Rd. | Toledo

Industrial for Lease

84,949 SF Available

Lease Contact: Ronald Jurgenson of Reichle | Klein Group

3418-3448 Progress Way | Wilmington

Industrial for Lease

76,800 SF Available

Lease Contact: David Lotterer of JLL

5706 Heinton Rd. | Valley View

Land for Sale

$3,000,000 ($254,453/AC)

11.79 AC

Sale Contact: Roger Nair of Home Equity Realty

901 Cleveland St. | Elyria

Outside Cold Covered Storage for Lease

72,000 SF Available

Lease Contact: Brian Lenahan of Premier Development Partners

915 Taylor Rd. | Gahanna

Industrial for Lease

Lease Rate: $8.50/NNN

72,000 SF Available

Lease Contact: Matthew Osowski of NAI Ohio Equities LLC

24650 Center Ridge Rd. | Westlake

Office for Sale

$4,375,000 ($68.22/SF)

Lease Rate: $13.00+ELEC

64,135 SF RBA | 46,280 SF Available

Sale Contact: Sam Tecca of Gerspacher Real Estate Group

29201 Anderson Rd. | Wickliffe

Industrial for Sale & Lease

$3,886,000 ($58.00/SF)

Lease Rate: $4.95/NNN

67,000 SF RBA/Available

Sale & Lease Contact: Matt Kovesdy of Matthews Real Estate Investment Services

520 Pine Ave. SE. | Warren

Industrial for Sale

$3,480,000 ($78.10/SF)

44,560 SF RBA

Sale Contact: Todd Moore of Colliers

310 N. Yearling Rd. | Columbus

Flex for Sale & Lease

$4,500,000 ($180.00/SF)

25,000 SF RBA/Available

Sale & Lease Contact: Brian Marsh of JLL

1033-1045 & 1055 W. 3rd Ave. | Columbus

Retail/Flex Portfolio for Sale

$3,200,000 ($149.74/SF)

21,371 SF RBA

Sale Contact: Paul Bloomfield of Kohr Royer Griffith Inc.

2188-2194 N. High St. | Columbus

Multi-Family for Sale

$4,400,000 ($137,500/Residential Unit)

Cap Rate: 7.50%

32 Residential Units | 2 Commercial Suites

Sale Contact: Alex Marsh of The Robert Weiler Company

620 Cleveland Rd. W. | Huron

Multi-Family for Sale

$4,050,000 ($86,170/Unit)

47 Units

Sale Contact: Tarina Sidoti of Berkshire Hathaway Professional Realty

4037 Mt. Carmel Tobasco Rd. | Cincinnati

Clermont County

Consideration: $75,000,000

Grantor: Arbor of Anderson TIC 1, LLC | Arbor of Anderson TIC 2, LLC | Arbor of Anderson TIC 3, LLC | Arbor of Anderson TIC 4, LLC | Arbor of Anderson TIC 5, LLC | Arbor of Anderson TIC 6, LLC | Arbor of Anderson TIC 7, LLC | Arbor of Anderson TIC 8, LLC | Grantee: Berkley Point Capital LLC | Newmark

4051 Fondorf Dr. | Columbus

Franklin County

Consideration: $65,000,000

Grantor: 4051 Fondorf Owner, LLC | Grantee: Citibank, N.A.

414 Encore Dr. | Lebanon

Warren County

Consideration: $42,735,000

Grantor: ET Cincinnati V, LLC | ElmTree Funds, LLC | Grantee: Associated Bank, National Association

50 S. Front St. | Columbus

Franklin County

Consideration: $33,250,000

Grantor: Supreme Bright Columbus I, LLC | NewcrestImage GP, Inc. | Grantee: Community National Bank & Trust of Texas

0 Montgomery Rd. | Cincinnati

Hamilton County

Consideration: $27,282,680

Grantor: AG47 Residential II, LLC | Grantee: The Huntington National Bank

3000 Hospital Dr. | Batavia

Clermont County

Consideration: $15,000,000

Grantor: The Meadows L.P. | Grantee: Fifth Third Bank, National Association

1911 Kendall Place | Grove City

Franklin County

Consideration: $11,175,000

Grantor: Park Place I L.P. | Grantee: Santander Bank, N.A.

3142 Vista View Blvd. | Columbus

Franklin County

Consideration: $10,700,000

Grantor: Park Vista I L.P. | Grantee: Santander Bank, N.A.

855 Grandview Ave. | Columbus

Franklin County

Consideration: $9,800,000

Grantor: Ricore Grandview, LLC | Grantee: Republic Bank & Trust Company

1803-1893 W. Main St. | Troy

Miami County

Consideration: $9,782,500

Grantor: Troy Towne Center, LLC | Grantee: Citi Real Estate Funding Inc.

2025 Ohio Transactions (Building Size)

Ohio’s sale activity based on building size in 2025 shows Columbus emerged as an investment magnet, with large office towers, institutional assets, and industrial and distribution facilities being frequently traded.

Explore the full 2025 State of Ohio Commercial Real Estate Top Transactions & Trends analysis report and interactive map below!

CLEVELAND

• Traffic around Browns’ new stadium? Airport users should be OK, but delays likely on other roads, analysis shows 
• Cleveland Clinic plans Level 1 trauma center 
• Hough, Stockyards apartments’ financing closes 
• Two buyers getting nine apartment buildings 
• Browns stadium: Could Ohio’s unclaimed funds lawsuit delay construction timeline? 
• Five affordable senior housing developments emerge across Cleveland 
• Shaker Heights introduces rezoning for Lee Road Action Plan 
• Kiser Group Arranges Sale of Cleveland-Area Skilled Nursing Facility 
• What Cleveland’s 2025 Building Permits Say About Development Trends Heading Into 2026 
• Downtown Greyhound operations to move to Brook Park Feb. 4 
• Cleveland City Council pumps brakes on the "Close Burke" hype train 
• Mentor lands first U.S. facility for Italian company 
• Cuyahoga County weighs $2M loan to redevelop Mendelsohn synagogue into Oberlin College arts campus 
• Cleveland’s Burke airport is surprisingly clean and ready to build on, but there’s a major catch to redevelopment 

AKRON/CANTON

• Former Portage Lakes restaurants up for sale 

COLUMBUS

• Columbus' industrial market turns corner, signaling stability in 2026 
• Governor DeWine Joins Bipartisan Proposal for PJM to Address Energy Supply, Data Centers 
• Meta spends $167 million buying 429 acres in New Albany, Jersey Township 
• Meta DC infrastructure partner purchases $42m land parcel in New Albany, Ohio 
• Columbus will become second-largest data center hub in the Great Lakes region, report says 
• Ohio bet big on data centers; now it needs the power 
• Data center giants Meta and Microsoft try to offset rising utility rates as costs rise for consumers 
• Gahanna hotel sells for $9.1 million in top transfers 
• Lument Facilitates $53M Refinance for Luxury Apartments in Columbus 
• Columbus, Ohio, apartment rents fall for sixth straight month 
• Schnellecke Logistics signs anchor lease in greater Columbus industrial park 
• Texas, N. Carolina, Ohio, Pennsylvania — where pharma manufacturing investments have surged 
• Realterm Buys IOS Portfolio for $111M 

DAYTON

• Grand opening set for Ohio’s first Buc-ee’s 

TOLEDO

• Report shows present extent, future impact of data centers in Great Lakes region, including 77 planned centers in Ohio 
• Real estate transfers: 1/21 

SOUTH CENTRAL OHIO

• Data Center Debate Draws Another Full House as Commissioners Double Down: “This Is About a Tax Abatement — Period.”  
• House introduces bill to examine data centers 

NEWMARK

• Here's one way AI is boosting head counts 
• Tech Gobbling Up Space in Commercial Real Estate (feat. Newmark's Liz Hart, President of Leasing, North America) 

GENERAL

• Outstanding U.S. CRE Mortgage Debt Nears $5T 
• Special Servicer Workout Strategies Shift Toward Resolution as Foreclosures Surge 
• Self Storage Conversions Accelerate Nationwide 
• Apartments.com Rent Trends Indicate High Vacancies 
• CRE Activity Index Ends 2025 Stronger 
• Data Centers, Immigration Action Add To Construction Labor Shortage 
• LightBox: CRE Activity Takes Seasonal Pause in December 
• Industrial Markets Adjust Amid Tenant Leverage Gains 
• Real Estate Outlook Signals Recovery in 2026 
• Commercial Deals Slow As Larger Assets Prevail 
• The Fed's Not Budging, Inflation Is High, But Retail Boosted By Trillion-Dollar Holiday Sales 
• New Trade Deal With Taiwan Includes $500B Investment In U.S. Manufacturing, Supply Chain 
• Senior Housing Occupancy Reaches Multi-Year Peak 
• Data Center Building Surges as CRE Slows 
• Figuring Out the Next Generation of CRE Investment Leaders 
• Retail Rents Shift Through Quiet Deal Changes 
• CRE Investment Rebounds as Private Buyers Lead 
• Regional banks went quiet on commercial property loans. They’re turning up the volume again. 
• Demand for US logistics space returns, lifting occupancy 
• Office Market Avoids 'Sinking Lower' As CMBS Loans Signal Stabilization 
• Moody’s sees $3T in data center spending by 2031 
• Private-Label CMBS Issuance Hits Post-Crisis High 
• Bond Yields Surge Amid US Selloff