JLL Selected to Lead Leasing at 165-Acre Industrial Site in Cleveland
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- 189 stories mentioning JLL on the wire in the past 90 days. JLL coverage →
Computed from Real Estate Trail’s own tracked coverage
JLL will serve as the exclusive leasing agent for Commerce Park 71, a 165-acre industrial development in Burbank, Ohio. The site offers exceptional power capacity—more than 200 megawatts—along Northeast Ohio’s I…
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