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Year End Marketview Report & Survey 2022
The Toledo, Ohio area industrial space market performed remarkably well in 2022 as captured in the Reichle Klein Group’s year end survey. The market also enters 2023 carrying a lot of positive momentum due to sustained demand from users, needed spec space that is under construction and announced new projects.
Hot Topics
- Market is Performing Well.
- Carrying Excellent Momentum into 2023.
- Rents are Increasing in Repsonse to Tight Supply.
- User Types Continuing to Diversify Away from Automotive.
- First Solar is Driving Demand .
Midyear Marketview Report & Survey 2022
The Toledo, Ohio area apartment market continues to perform well according to the results of the Reichle Klein Group mid-year 2022 survey of the market. Communities comprising over 19,000 units participated in our survey. We found that rents are continuing to rise across all submarkets and unit sizes. The overall market average rental rate in our survey was $915 per month, up $17 from year end 2021. The overall market vacancy rate stood at 4.05% as of June 2022, up from 2.7% at year end 2021.
Hot Topics
- Apartment market performing well.
- Downtown and newer suburban communities performing the best.
- Rent still growing, but at a slower pace.
- Units under construction slightly lower than 2021.
Year End Marketview Report & Survey 2022
The Toledo, Ohio retail space market performed very well in 2022 according to the Reichle Klein Group year end survey. Steady is the word to describe the market. Steady user interest, steady deal flow and steady im- provement among all the key metrics.
Hot Topics
- Market has taken a negative turn.
- The Central Business District takes a big hit.
- Leasing Transactions of the “Musical Chairs” Variety.
- Landlords Face Difficult Enviroment.
Year End Marketview Report & Survey 2022
The Toledo, Ohio retail space market performed very well in 2022 according to the Reichle Klein Group year end survey. Steady is the word to describe the market. Steady user interest, steady deal flow and steady im- provement among all the key metrics.
Hot Topics
- Steady As She Goes: Retail Market Contin- ues to Improve.
- Inventory Bucks Latest Trend and Grows as Result of Infill Devlopment Projects.
- Leasing Activity Leads To Improvement in Supply & Demand Balance.
- Vacancy and Vacancy Rate both Drop from 2021 while Average asking rental rate rises modestly.
- Perrysburg Continues to be Most Attractive Submarket for New Construction.
