Industrial sales drive investment volume higher in Cleveland
Fourth-quarter volume at highest level in two years
Investment volume across property sectors in Cleveland passed $480 million in the fourth quarter of 2024, making it the strongest quarter for sales volume since late 2022.
Cincinnati among US industrial markets with lowest construction rate
Limited completions should keep conditions balanced in 2025
Cincinnati ended 2024 with just 1.5 million square feet of industrial space under construction, down 70% year over year and the lowest level in nearly a decade.
Louisville, Kentucky, begins 2025 among the tightest industrial markets in the country
Limited completions and strong demand support healthy market conditions
At 5.4%, Louisville's industrial availability rate ended 2024 well below the national average of 9.2%. In fact, Louisville ranks among the top 10 major industrial markets in the U....
Morgan Properties enters Kentucky multifamily market with acquisition
Strong rent growth driving transaction volume in Louisville's apartment market
The country’s largest private owner of multifamily properties recently announced its entry into Kentucky with the acquisition of a 236-unit apartment development in Louisville.
Midwestern markets top national rent growth
Modest construction pipelines limit oversupply
National rent growth has slowed significantly since the first quarter of 2022, from 9.9% to just 1.0% for 2024's fourth quarter. Weakness in national rent growth stems largely from...
Northeast Ohio begins 2025 among tightest industrial markets in the country
Limited large-scale completions are keeping availability well below national benchmark
A pair of northeast Ohio markets are kicking off 2025 with two of the tightest industrial availability rates among major industrial markets in the country.
Ohio draws new residents from the coasts but loses out to Sun Belt states
Central and southwest Ohio drive population growth
Ohio’s low cost of living and growing job opportunities are drawing new residents, particularly from expensive coastal markets, though the Sun Belt continues to lure Ohioans out of...
Apartments, mixed-use development planned in Lakewood, Ohio
Planned development would be the first ground-up multifamily project in decades
A new mixed-use development in Lakewood, Ohio, could begin construction next year.
Amazon Web Services boosts data center investments in Ohio by $10 billion
Amazon subsidiary considers developing up to eight new sites across state
Amazon Web Services is upping the ante on its data center investments in Ohio as the cloud computing provider seeks to meet soaring demand for digital infrastructure and applicatio...
Manufacturer's expansion in Louisville is latest sign of area's fast-growing industrial market
ISCO Industries announces $12.75 million expansion in Louisville
ISCO Industries recently announced a $12.75 million expansion in Louisville, Kentucky, marking another addition to the area's industrial market that already has tight vacancy.
Pennsylvania welcomed influx of New Yorkers and New Jerseyans
But the Keystone State lost out to several Sunbelt states in 2023
While Pennsylvania has maintained a relatively stable population level, the state showed mixed migration patterns between 2022 and 2023, with notable gains from neighboring northea...
Two of Cincinnati’s largest employment sectors keep annual job growth positive
Office-using sectors struggle amid slower hiring in the Queen City
While total employment growth has been muted in Cincinnati over the past 12 months, some of the market’s largest job sectors saw substantial gains.
Two of Cleveland’s largest employment sectors keep annual job growth positive
Office-using sectors see bifurcated performance
While total employment growth has been muted in Cleveland over the past 12 months, some of the market’s largest job sectors have seen substantial gains.
Demand for mid-priced units in Lexington, Kentucky, drives down apartment vacancy
A softening construction pipeline will support tight market conditions over the near term
Apartment demand in Lexington, Kentucky, totaled roughly 230 units in the third quarter of 2024, making it the strongest third quarter since 2020.
Third-quarter sales volume back in line with pre-pandemic levels in Cleveland
Office and multifamily represent increasing shares of quarterly deal flow
Investment volume across property sectors in Cleveland passed $430 million in the third quarter of 2024, a 12% increase from the third quarter of 2023 and back in line with pre-pan...
Multifamily sales boost transaction volume in Lexington, Kentucky
Tightening market conditions and strong rent growth drive investment
Investment volume across property sectors in Lexington, Kentucky, totaled $102 million in the third quarter of 2024, which is in line with the average third-quarter volume in the y...
Two of Columbus’ largest employment sectors keep annual job growth positive
Office-using sectors struggle amid slower hiring in Ohio's capital
While total employment growth has been muted in Columbus, Ohio, over the past 12 months, some of the market’s largest job sectors saw substantial gains.
Cincinnati among top US markets for apartment rent growth
Suburban areas where development has historically been limited support healthy gains
Cincinnati has ranked among the top U.S. markets for rent growth this year and remains among the top 10 markets as of the end of the third quarter.
Upstate New York well represented among top secondary markets for rent growth
Strong demand and fewer completions drive rents higher
The 50 largest multifamily markets in the U.S., which represent CoStar’s national index, ended the third quarter of 2024 with an average 12-month rent growth of 1.1%. Many of the n...
Cleveland enters final quarter of 2024 among top markets for apartment rent growth
Limited completions will keep rent gains elevated over the near term
Cleveland has ranked among major US markets with the strongest rent growth since the start of 2024 and has remained among the top 10 markets at the end of the third quarter.