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2023 Midyear Retail Vacancy/Net Absorption
CONTACT:
Joe Mehling – Director of Marketing
419.794.1137
jmehling@rkgcommercial.com
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Overall Toledo retail space market vacancy declined .2% over the second half of 2023 from year end as increases in vacancy in the South/Southwest and West Toledo/Sylvania submarkets offset improvements throughout the rest of the submarkets.
Similarly, positive net absorption in North Toledo and Perrysburg/Rossford was nearly entirely offset by negative net absorption in the South/Southwest and West Toledo/Sylvania submarkets. Most of the absorption occurred among anchor spaces and the losses among in-line spaces.
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