Ohio is one of the East North Central states that occupies more than 116 square kilometers of land and has a population of about 11,7 million citizens. The area is well-known for being an industrial hub. It ranks top among the other states regarding the production of automobiles and the development of different manufacturing spheres. The area has a favorable business climate, friendly tax legislation, low unemployment rate, a profound educational system, and other perks that draw tenants to the commercial real estate market. Ohio is also a renowned logistics, financial, healthcare, trading, tech, and scientific hub of the country. Thanks to such an economic diversity, it attracts investors’ and renters’ interest. Many tenants consider it perspective to establish their companies next to international brands like P&G, Timken, AK Steel, Wendy’s, etc. The commercial real estate stock in Ohio continues to improve year by year, with rental prices growing and vacancy rates decreasing. Each sector experiences an increase in demand for premises, which tightens the stock in general. Columbus’ submarket is one of the strongest in the state, as this city is its capital. A range of sophisticated options is also found in Cleveland, Cincinnati, Toledo, Akron, Parma, etc.
