Figures

Cleveland Industrial Figures Q4 2025

January 9, 2026 10 Minute Read

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Overall leasing activity this quarter hit 1.1 million square feet (sq. ft.), up 7.8% quarter-over-quarter.
The Cleveland Industrial market reported the highest level of completions since Q4 2023 with 810,000 sq. ft. delivered, including HC Companies 750,000 sq. ft. build-to-suit at 15150 Madison Road in Middlefield.
Sizeable deals drove activity, including ThyssenKrupp US’s 169,800 sq. ft. new lease at 1400 Lowell Street in the Northwest submarket and a new lease of 130,527 sq. ft. By Hiab USA at 675 Mondial Parkway in the Southeast submarket.
Vacancy and availability continued to rise, reaching 4.0% and 6.1% respectively, signaling a shift from scarcity to more balanced availability.
Average asking rents continued to rise, increasing $0.04 per sq. ft. to $5.52 per sq. ft.