The Coyne Report - May 15, 2026 ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Coyne Report Header

1st Quarter 2026 Midwest

Industrial & Office Market Snapshot

Midwest Industrial Market Quarterly Snapshot
Midwest Industrial Snapshot
Midwest Office Market Quarterly Snapshot
Midwest Office Snapshot
Featured Coyne Listing
8000 Tyler Blvd. | Mentor

Spec Industrial for Lease | Mentor

8000 Tyler Blvd., in Mentor Business Park

+/- 266,000 SF Available

Designed for Modern Distribution & Logistics

Ample Car & Truck Parking

Multiple Dock & Drive-In Doors

Lease Rate: $8.50/NNN Warehouse | $16.50/NNN Office

Learn More About 8000 Tyler Blvd.
This Week's Top Sales
9841-9849 Windisch Rd. | West Chester

Industrial Sale | West Chester

9841-9849 Windisch Rd.

$32,725,000 ($93.40/SF)

350,369 SF

Seller: Lincoln Property Company | Buyer: Realty Income

Multi-Location Retail Sale | Delaware & Mount Vernon

Multi-Location Retail Sale

$24,047,416 ($117.87/SF)

204,020 SF

1764 Columbus Pike | Delaware

$10,655,468 ($86.07/SF)

123,805 SF

Seller: USPG Portfolio Two LLC | Buyer: CR Delaware I LLC

907 Coshocton Ave. | Mount Vernon

$7,036,942 ($130.10/SF)

54,087 SF

Seller: USPG Portfolio Four LLC | Buyer: CR Mount Vernon LLC

1710 & 1740 Columbus Pike | Delaware

$6,355,006 ($243.23/SF)

26,128 SF

Seller: USPG Portfolio Two LLC | Buyer: CR Delaware II LLC

6202-6244 Wilmington Pike | Dayton

Retail Sale | Dayton

6202-6244 Wilmington Pike

$19,650,000 ($76.72/SF)

256,122 SF

Seller: TP Sugarcreek Plaza LLC | Buyer: BZA Sugarcreek LLC

4485 Northland Ridge Blvd. | Columbus

Office Sale | Columbus

4485 Northland Ridge Blvd.

$18,000,000 ($68.42/SF)

263,068 SF

Seller: Taurus CD159 Columbus Ohio LP | Buyer: Northland Ridge Owner LLC

4645 Lewis Ave

Nursing Home Sale | Toledo

4645 & 4701 Lewis Ave.

$7,375,000 ($132.00/SF)

55,872 SF

Seller: Stone Family Enterprises LLC | Buyer: Merit House Realty LLC

Multi-Location Retail Sale

Multi-Location Retail Sale

$7,227,242 ($157.20/SF)

45,974 SF

6265 E. Broad St. | Columbus

$2,555,631 ($199.91/SF)

12,784 SF

Seller: Wellesley Broad LLC | Buyer: FIP Master Funding VIII LLC

7940 Springboro Pike | Miamisburg

$2,403,050 ($345.51/SF)

6,955 SF

Seller: M&M Real Estate Dayton Mall LLC | Buyer: FIP Master Funding VIII LLC

3091 Dixie Dr. S. | Moraine

$2,268,561 ($86.47/SF)

26,235 SF

Seller: ETS 3091 LLC | Buyer: FIP Master Funding VIII LLC

814 Cable Ct. NW. | Massillon

Industrial Sale | Massillon

814 Cable Ct. NW.

$3,350,000 ($107.52/SF)

31,156 SF

Seller: Massillon Cable TV, Inc. | Buyer: Armstrong Utilities, Inc.

964 Benton Rd. | Salem

Industrial Sale | Salem

964 Benton Rd.

$3,000,000 ($43.35/SF)

69,200 SF

Seller: Salem Real Properties LLC | Buyer: Rane & Beth Lottinville

5524 E. New Albany Rd. | New Albany

Daycare Sale | New Albany

5524 E. New Albany Rd.

$2,500,000 ($291.00/SF)

8,591 SF

Seller: 5524 New Albany Road LLC | Buyer: 1573 Schrock LLC

3608 Navarre Ave. | Oregon

Retail Sale | Oregon

3608 Navarre Ave.

$2,430,000 ($333.79/SF)

7,280 SF

Seller: Midland Agency of Northwest Ohio, Inc. | Buyer: FCPT Holdings LLC

Top Executed Leases Header
4131 Worth Ave. | Columbus

Office Lease Renewal | Columbus

4131 Worth Ave.

64,683 SF

Tenant: M/I Homes

Landlord Company: The Georgetown Company

220 Janney Rd. | Dayton

Industrial Lease | Dayton

220 Janney Rd.

57,821 SF

Lease Rep Company: Apex Commercial Group, LLC

4878 Airway Rd. | Riverside

Retail Lease | Riverside

4878 Airway Rd.

30,000 SF

Lease Rep Company: Lee & Associates

Top New Sale & Lease Listings
6101 Detroit Ave. | Cleveland

Retail for Sale | Cleveland

6101 Detroit Ave.

$1,150,000 ($135.29/SF)

8,500 SF

Sale Contacts: Richard Sheehan & Terry Coyne of Newmark

Learn More

5300 Kings Island Dr. | Mason

Office for Sale & Lease | Mason

5300 Kings Island Dr.

$11,000,000 ($69.00/SF)

Lease Rate: $12.00/NNN

159,421 SF RBA | 41,794 SF Available

Sale & Lease Contact: Ryan Van Dulman of NAI Bergman

830 N. Westwood Ave. | Toledo

Industrial for Sale | Toledo

830 N. Westwood Ave.

$6,000,000 ($31.86/SF)

188,324 SF

Sale Contact: Ronald Jurgenson of Reichle | Klein Group

4200 E. Lakeside Ave. | Cleveland

Industrial for Lease | Cleveland

4200 E. Lakeside Ave.

Lease Rate: $4.00/IG

48,742 SF Newly Available | 158,895 SF Available

Lease Contact: Eliot Kijewski of Cushman & Wakefield | CRESCO Real Estate

1050 Yard St. | Columbus

Office for Lease | Columbus

1050 Yard St.

Lease Rate: $24.00/N

123,975 SF Available

Lease Contact: Ken Isenbarger of Newmark

560 Solon Rd. | Bedford Heights

Industrial for Sale-Leaseback | Bedford Heights

560 Solon Rd.

$3,300,000 ($80.00/SF)

Cap Rate: 7.50%

41,250 SF

Sale Contact: Austin Marsh of Sands Investment Group Austin, LLC

4585 Cornell Rd. | Blue Ash

Industrial for Sale & Sublease | Blue Ash

4585 Cornell Rd.

$5,400,000 ($173.63/SF)

Sublease Rate: $9.95/NNN

31,100 SF RBA/Available

Sale & Sublease Contact: Roddy MacEachen of SQFT Commercial

580 S. High St. | Columbus

Office for Sale | Columbus

580 S. High St.

$5,900,000 ($74.83/SF)

78,848 SF

Sale Contact: Skip Weiler of The Robert Weiler Company

4079 Gantz Rd. | Grove City

Medical Office for Sale | Grove City

4079 Gantz Rd.

$3,000,000 ($255.75/SF)

11,730 SF

Sale Contact: Woody Walton of Matthews Real Estate Investment Services

1135 4th St. | Perrysburg

Industrial for Lease | Perrysburg

1135 4th St.

106,800 SF Available

Lease Contact: David Stecker of JLL

2100 S. Yellow Springs St. | Springfield

Industrial for Sale | Springfield

2100 S. Yellow Springs St.

$3,800,000 ($36.93/SF)

102,887 SF

Sale Contact: Steve Peters of Apex Commercial Group, LLC

100 Public Square | Cleveland

Office for Lease | Cleveland

100 Public Square

115,537 SF Newly Available | 227,468 SF Available

Lease Contact: JR Fairman of JLL

4240-4402 Bennett Rd. | Toledo

Industrial for Lease | Toledo

4240-4402 Bennett Rd.

Lease Rate: $4.00/N

97,202 SF Available

Lease Contact: Ronald Jurgenson of Reichle | Klein Group

2831 Center Rd. | Brunswick

Industrial for Lease | Brunswick

2831 Center Rd.

96,560 SF Available

Lease Contact: Mike Petrigan of CBRE

4500 N. Detroit Ave. | Toledo

Industrial for Lease | Toledo

4500 N. Detroit Ave.

Lease Rate: $3.75/NNN

81,771 SF Available

Lease Contact: Ronald Jurgenson of Reichle | Klein Group

9700 Rockside Rd. | Valley View

Office for Lease | Valley View

9700 Rockside Rd.

Lease Rate: $11.50/NNN

38,978 SF Available

Lease Contact: Brad Nosan of Cushman Wakefield | CRESCO Real Estate

301 Broadway | Lorain

Hotel for Sale | Lorain

301 Broadway

$4,100,000 ($73,214/Room)

56 Rooms

Sale Contact: Ted Holmes of HotelBrokerOne

Industry News & Insights

CLEVELAND

  • Campaigns to ban property taxes, data centers unlikely to get on 2026 ballot, experts say 
  • Akron Children’s Hospital wins auction for Notre Dame College’s campus 
  • Akron Children’s Hospital spent $8M to win Notre Dame College campus 
  • Noble Beast Brewing Co. expanding with venture in former Bookhouse Brewing 
  • Library to join another mixed-use project 
  • Cosm, Belle Oaks get Port financing 
  • More details emerge on Cleveland data center 
  • Cleveland's mayor has 'real concerns' as data center proposal surfaces in Slavic Village 
  • East Side to host ‘Cleveland’s largest-ever industrial redevelopment’ 
  • The Yellow Brick Road of Cleveland’s East Side 
  • St. Luke’s Church begins interior demo at Memphis & Pearl 
  • Next TOD project planned on Red Line 
  • Music Settlement breaks ground on $12M expansion 
  • CHEERS project advances to permitting phase 
  • Cleveland seeks developers to save four East Side schools from demolition 
  • Cleveland Rocks, and so will the Rock Hall expansion project, which is in the home stretch 
  • Neighbors 'cautiously optimistic' after Akron Children's wins bid for Notre Dame campus 
  • Medina County looks to standardize developer financial guarantees 
  • Arcadia mixed-use development eyes 2027 completion 
  • David Molnar to lead Cuyahoga County’s new building department 
  • Hudson zoning change for South Darrow Road set for May 19 vote 
  • Council blocks mayor’s ability to use eminent domain at controversial property 
  • Sherwin-Williams unveils new, finished addition to Cleveland skyline 
  • The Vibe financing OK’d, Fall start ID’d 
  • Cleveland unveils major industrial revival push on the East Side. They're calling it the Midline. 
  • Painesville Township approves temporary moratorium on data centers 
  • Avon Lake council votes 6-1 to delay final action on lakefront redevelopment measures 
  • Avon Lake to test shoreline before waterfront development 
  • Construction to start soon on ‘homelike’ youth correctional facility in Cuyahoga County 
  • Cuyahoga County taking on new debt to cover old jail costs before borrowing another $969M 
  • Opinion - Don’t let misconceptions derail Ohio’s data center boom: Steve Stivers and Matt Szollosi 
  • South Euclid looks ahead after auction of historic Notre Dame College campus 

AKRON/CANTON

  • Barberton Community Foundation approves investment through Barberton Is Back Grant Program 

COLUMBUS

  • BofA Awards Grant for New Music Hall in Downtown Columbus 
  • Flyover No More: The Case for Midwest Hotel Investment 
  • Experts say AI can transform jobs, but potentially eliminate others 
  • Ohio’s data center building boom: Nearly 80 more could be on the way 
  • Brownfields pitched as alternative to farmland for Ohio data centers 
  • AEP expects to double total power needed by 2030, largely due to data centers in Ohio and Texas 
  • They didn't want data centers. It didn't matter, but it should. | Opinion 
  • Economists: Incentives for Ohio data centers are a loser. So is banning new construction 
  • CT Launches Industrial & Logistics Investment Management Platform 
  • Data center demand fuels Ohio fight over renewable energy vs fossil fuels 
  • Ohio's data center boom really started in New Albany. We went there to see what it looks like. 
  • Environmental group asking for moratorium on new data centers in Ohio 
  • Save Ohio Parks research says AI data center buildout can work — if it runs on renewable energy  
  • Could wind and solar projects have fueled Ohio’s data center growth? Advocacy group says ‘yes’ 
  • Experts: Don’t Incentivize Data Centers, But Also Don’t Ban Them 
  • Buildings Demolished to Make Way for New Housing Downtown 
  • New Plan for Broadwin Building Floated to Neighborhood 
  • Scaled-Down German Village Proposal Denied Approval Again 
  • Plan Calls for Demolitions, Four New Buildings at Westminster-Thurber 
  • A look at Columbus' ongoing transit and development changes 
  • As stock soars, good vibes are back for Intel in Ohio 

DAYTON

  • Stratacache CEO selling Courthouse Plaza, former Premier buildings downtown 

NEWMARK

  • 1Q26 U.S. Capital Markets Conditions & Trends 
  • 1Q26 U.S. Retail Market Conditions & Trends 
  • 1Q26 U.S. Office Market Conditions & Trends 
  • 1Q26 U.S. Industrial Market Conditions & Trends 
  • Powering the Next Wave: Solar’s Role in the Midwest Industrial Real Estate Market 

GENERAL

  • U.S. Job Growth Tops Expectations in April 
  • In a Topsy-Turvy World, Capital Flows to CRE 
  • Americold, EQT to Form $1.3B Cold Storage JV 
  • Craft Brewery Slowdown Leaves Behind A Real Estate Hangover 
  • Commercial Property Prices Fall In April, Still Up 3.1% YOY 
  • Construction’s labor market stayed stagnant in March 
  • US Apartment Investment Sales Fall Sharply in Q1 2026 
  • Large Banks Ease CRE Lending as Recovery Gains Traction 
  • Self-Storage REITs Post Steadier Q1 2026 Results 
  • CMBS Maturity Wall Tests Refinancing in 2026  
  • Construction & Development Loans Q4 2025 
  • Multifamily Rents Remain Negative Despite April Uptick 
  • How Global Investors Are Adjusting to Disruption 
  • Commercial real estate lending optimism fades as caution takes hold 
  • Real estate recovery is accelerating, new Brookfield CEO says 
  • Commercial Mortgage Volume Rises 52% Year-Over-Year 
  • Buc-ee's Accelerates Expansion With Locations In 6 More States 
  • Data centers remain ‘largest driver behind growth’ in construction planning 
  • The other side of the data center boom 
  • Inflation Reaccelerates in April as Energy, Shelter Costs Drive CPI Higher 
  • Multifamily Market Shows Early Signs of Rebalancing 
  • Apartment Construction Starts Plummet To 15-Year Low 
  • Retail giant slashes hundreds of corporate jobs amid AI push 
  • Construction Costs Rise 6.2% Through April 
  • Google, SpaceX In Talks To Launch Orbital Data Centers As Space Race Accelerates 
  • U.S. Apartment Rents Post 33rd Consecutive Month of Annual Declines 
  • Why Simon Property Isn’t Betting on Mall Data Centers 
  • CRE AI Adoption Rises, But Trust Still Lags 
  • Office Distress Pushes CMBS Special Servicing to 11.38% 
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