It’s springtime in Northeast Ohio! So, here’s a few commercial real estate trends that have SPRUNG out so far this year:
1. Vacancy Rates
Retail vacancies are down almost 0.05% from 2025, holding at 7.9% in Q1 2026
Office vacancies are down almost 0.02% from 2025, holding at 16.2% in Q1 2026
Industrial vacancies are up by 1% from 2025, holding at 6.1% in Q1 2026
2. Average Rent Rates per Square Foot (SF)
Retail: $13.22/SF
Office: $18.02/SF
Industrial: $4.80/SF
3. What’s Next?
These trends put numbers on what we see going on in shopping centers, office buildings, redevelopments, and more. One of the biggest drivers of the decline of retail vacancy is the growth of health/wellness-related retailers. As consumers become more health-conscious, we see more of these tenants filling up retail space.
Use this information to your advantage and contact our team today! We have an assortment of properties all over Northeast Ohio (and beyond…) and many opportunities to work with tenants. Check out our Properties page to view available properties and our Clients page to view tenants we represent!