1st Quarter 2026 Cleveland & Columbus Office Market Reports

Land For Sale | Akron

785 S. Main St. & Broadway

4 Land Lots Totaling +/- 8.054 AC

Located in an Opportunity Zone

Proximity to Downtown Akron & the University of Akron

Retail Sale | Avon Lake

33725 Walker Rd.

$7,315,000 ($183.33/SF)

39,901 SF

Seller: Catskill Automotive Holdings OH LLC | Buyer: Sprout Automotive LLC

Redevelopment Sale | Cleveland

614 W. Superior Ave.

$5,130,000 ($16.84/SF)

304,586 SF

Seller: BridgeInvest | Buyer: K&D Group

Multi-Family Sale | Toledo

5816 Tetherwood Dr. & 1933 W. Alexis Rd.

$3,705,330 ($37,053/Unit)

100 Units

Seller: Toledo House Investors, LLC (85.18% Ownership) & Toledo Homes For Rent, LLC (14.82% Ownership) | Buyer: Toledo Homes For Rent, LLC (Bought 85.18% Ownership to Retain 100%)

Industrial & Land Sale | Canton

2000 10th St. NE.

Irwin Place NE.

Berger Place NE.

Blecker Place NE.

$3,100,000 ($13.38/SF | $255,102/AC)

231,621 SF | 12.152 AC

Seller: K. Hovnanian Ohio Realty, LLC | Buyer: The Carter-Jones Lumber Company

Multi-Location Retail Sale 

$5,052,481 ($364.54/SF)

13,860 SF

1187 N. Fairfield Rd. | Dayton

$2,966,572 ($423.80/SF)

7,000 SF

Seller: 1187 N. Fairfield Road Beavercreek LLC | Buyer: FIP Master Funding LV LLC

4388 OH-725 | Bellbrook

$2,085,909 ($304.07/SF)

6,860 SF

Seller: M&M Real Estate Bellbrook LLC | Buyer: FIP Master Funding LV LLC

Retail Sale | Worthington

711 Park Rd.

$2,125,000 ($189.60/SF)

11,208 SF

Seller: 711 Worthington OH LLC | Buyer: Squirrel Girl LLC

Residential Sale | Cincinnati

1121 Edwards Rd.

$1,930,500 ($324.84/SF)

5,943 SF

Seller: Alexandru & Elizabeth Costea | Buyer: WSGS2 LLC

Retail Sale | Wooster

116, 120, 122, 124, 128, 230, & 232 S. Market St.

$1,900,000 ($105.20/SF)

18,061 SF

Seller: The Coyote Group LLC | Buyer: Main Street One Commercial Holdings LLC

Multi-Parcel Land Sale | Medina County

Grafton Rd. | Valley City

5656 Boston Rd. | Columbia Station

$1,800,000 ($14,840/AC)

121.29 AC

Seller: Oak Tree Real Estate Holdings LLC | Buyer: WP Asset North America, Inc.

Multi-Family Sale | Dayton

7637 Essington Circle

509 Peachcreek Rd.

8365 Washington Village Dr.

1264 Robbins Run Court

$1,710,000 ($142,500/Unit)

12 Units

Seller: Denise K. Ashworth | Buyer: Athena and Brownie Enterprises LLC

Industrial Lease | Cleveland

9000 Brookpark Rd.

71,870 SF

Lease Rep Company: Cushman & Wakefield | CRESCO Real Estate

Land for Sale | Columbus

2480 Alum Creek Dr.

$21,150,000 ($461,992/AC)

45.78 AC

Sale Contact: Steven Osborn of Parker Realty Associates

Barrington Town Center Portfolio for Sale | Aurora

55-125, 70-120, 140, & 195 Barrington Town Square Dr.

55 N. Chillicothe Rd.

$10,620,247 ($92.22/SF)

Cap Rate: 8.10%

115,158 SF

Sale Contact: Steven Roth of Guggenheim Commercial Real Estate Group

Industrial for Lease | Brook Park

18901 Snow Rd.

Lease Rate: $5.00/NNN

211,200 SF Available

Lease Contact: Joseph Barna of Cushman & Wakefield | CRESCO Real Estate

Office for Sale | Cincinnati

15 E. 14th St.

$9,300,000 ($173.52/SF)

53,595 SF

Sale Contact: Joe Janszen of Cushman & Wakefield

Industrial for Sale & Lease | Blue Ash

5000 Creek Rd.

$5,390,000 ($77.80/SF)

Lease Rate: $6.25/NNN

69,278 SF RBA/Available

Sale & Lease Contact: John Gartner of Colliers

Industrial for Lease | Columbus

6611 Broughton Ave.

Lease Rate: $10.95/NNN

88,150 SF Available

Lease Contact: Richard Conie of Alterra Real Estate Advisors

Industrial for Sublease | Springboro

283 Sharts Dr.

Lease Rate: $5.25/NNN

87,000 SF Available

Sublease Contact: Steve Peters of Apex Commercial Group, LLC

Office for Sale & Lease | Dublin

5815 Wall St.

$5,065,000 ($224.97/SF)

Lease Rate: $25.00/MG

22,514 SF RBA/Available

Sale & Lease Contact: Ryan McHugh of Allied Real Estate Advisors

Industrial for Lease | Euclid

26550 Bluestone Blvd.

75,576 SF Available

Lease Contact: Tom Blaz of Ray Fogg Corporate Properties, LLC

Industrial for Lease | Hebron

341 O'Neill Dr.

Lease Rate: $4.75/NNN

40,000 SF Available

Lease Contact: Zachary Rines of Cushman & Wakefield

Event Venue for Sale | Dayton

114 S. June St.

$4,900,000 ($163.33/SF)

30,000 SF

Sale Contact: Zach Johnson of Cresa

Multi-Family for Sale | Fairborn

332 W. Garland Ave.

$5,950,000 ($92,969/Unit)

Cap Rate: 7.81%

64 Units

Sale Contact: Brooke Reinke of The Windsor Companies

Multi-Family Portfolio for Sale | Cincinnati

800-808 & 906-910 Elberon Ave.

3312-3316 W. 8th St.

$5,100,000 ($68,919/Unit)

Cap Rate: 7.16%

74 Units

Sale Contact: Tryfon Christoforou of 3CRE Advisors, LLC

Multi-Family for Sale | Columbus

934 E. Gay St.

$4,835,000 ($193,400/Unit)

Cap Rate: 6.00%

25 Units

Sale Contact: Cody Carey of Colliers

Multi-Family for Sale | Cincinnati

7743 Reading Rd.

$3,799,999 ($44,186/Unit)

Cap Rate: 9.90%

86 Units

Sale Contact: Xever Lemieux of Ellsbury Commercial Group

CLEVELAND

• Cleveland manufacturer expands on West Side with help from $500,000 city loan 
• Did Cuyahoga County officials secretly buy votes from judges to push through a new jail? 
• Ailing apartment portfolio near Shaker Square will change hands, after $5.5 million auction bid 
• AmTrust to relocate most downtown office workers to Mayfield Hts. 
• North Olmsted welcoming Western Reserve Area Agency on Aging move to Moen building 
• Cleveland Metroparks Zoo considering themed hotel 
• Ohio City residential developments advance 
• Cleveland’s fastest-changing neighborhood isn’t where you think 
• Former horse blanket factory, once the largest vacant building in this Cleveland neighborhood, finds new life 
• County’s biggest-ever project gets OK’d 
• Cleveland eyes $10M in grants for one of city’s largest swaths of vacant land 
• Euclid Beach expansion: An East Side lakefront to rival Edgewater? 
• K&D buys Cleveland's Rockefeller building, with plans for 275 apartments, new parking garage 
• Cleveland City Council proposes moratorium on data center development 
• Cleveland has Ohio’s highest apartment rents 
• Hundreds of Ohio workers face delayed layoffs after company update 
• SouthPark Mall hotel would be combined Home2 Suites by Hilton & Hampton Inn 
• Cuyahoga County’s new veterans headquarters ‘to serve those who’ve served’ 
• Cuyahoga County Jail saga continues with vote to secure funding 

AKRON/CANTON

• Long vacant former Hoover Co. property goes up for sale or lease 

COLUMBUS

• Ohio Is Where Wind and Solar Projects Go to Die, and Other Findings From New Research on State Permitting 
• A group of speakers debate data centers 
• Intel reports stellar quarter while Ohio One campus remains years away 
• Intel CEO: ‘Enormous demand’ for technology Ohio plant depends on 
• Local Colleges and Universities Respond to Changing Workforce Demands 
• Why Columbus is a critical logistics hub for America 
• To the editor: Ohio risks being left behind with constitutional ban on data centers 

NEWMARK

• Sustainability in Retail Real Estate: How Consumer Expectations Are Shaping Demand, Leasing and Asset Value 

GENERAL

• Multifamily Pricing Trends Are Breaking the Old Rulebook 
• Private Credit Competition Rewrites the Real Estate Lending Rules 
• Sentiment Index Drops 20% as CRE Braces for Stormy Skies 
• Land Inventory Trends Show a 24% Drop in Buildable Land US 
• The Rise and Concentration Risk of Data Centers in Private Markets 
• Can US Utilities Meet AI’s Need for Speed? 
• Retail giant quietly reveals dozens of store closures 
• Smoothie King Debuts New Store Design With 200-Plus Locations In The Pipeline 
• 2025 Retail Net Lease Sales Volumes and Cap Rates 
• U.S. CRE Pricing Posts Strongest Annual Gains Since 2022 
• REIT fundraising slows as private capital reshapes industry 
• Debt Yields Rebound as Negative Leverage Persists Across CMBS Property Types 
• Healthcare Real Estate in 2026: Market Insights and Emerging Trends 
• Commercial Property Prices See Strongest Annual Gain Since 2022 
• 2026 Vacancy Update 
• Self-Storage Dollar Volume Rises 39% Year-Over-Year 
• US industrial demand expected to overtake new supply by early 2027 
• Commentary: Data centers don’t have to be a burden on local communities – and can even support them 
• Office Prices Rise but the Big Building Story Is Still Ugly 
• Debt Yields Rise While Negative Leverage Haunts CMBS Deals 
• Apartment Supply Slows as the Post-Boom Cooldown Takes Hold 
• Cannabis Real Estate Eyes More Opportunity As Trump Moves To Loosen Restrictions 
• Office Tenants Are Touring Like The Pandemic Never Happened 
• AI’s Execution Era: Aligned and Netrality on Power, Speed, and the New Data Center Reality 
• Small, connected data centers will power AI, a builder says 
• US hotel construction pipeline down roughly 5% YOY in Q1 2026