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Metro Toledo, Ohio, retail is showing promise

from The Toledo Blade

The metro Toledo, Ohio, retail market saw considerable improvement in the second half of 2014, according to a year-end report by local commercial real estate firm the Reichle Klein Group. The area's retail space vacancy rate dropped to 12.5 percent at year’s end from 12.9 percent at midyear 2014, the company said. The average lease rate rose to $7.60 per square foot in the second half from $7.43 at midyear. more


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