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Commerical Real Estate, Industrial Space Northeast Ohio, NAI Daus, Uncategorized
New Industrial Construction on the Rise – NAI Daus 2Q 14 Industrial Report

  The Northeast Ohio Industrial market continues to tighten and year-to-date net absorption was just over 700,000 square feet at the end of the 2nd quarter, lowering the vacancy 45 basis points to 7.24 percent. There has been a significant increase in new construction projects and the first 100 percent speculative development since 2008 will commence this summer. The 100,000-square-foot Bluestone Business Center I was recently completed, with 32,000 square feet occupied by Remedi SeniorCare of Ohio-Northeast LLC. The park is…

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