The Cleveland 3rd Quarter 2026 Industrial Market Report compiled by CoStar tracks approximately 456 million square feet of industrial space in eight (8) counties (Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Portage, Medina, and Summit). The 3rd Quarter vacancy rate is 4.5%, remaining the same as the 2nd Quarter 2026 vacancy rate and increasing 0.4% from the 3rd Quarter 2025 vacancy rate.
The Lake County market contains approximately 40 million square feet in 1,347 buildings, of which Mentor accounts for approximately 14 million square feet (or 35% of the total). The Lake County market vacancy rate is 2.6%, decreasing 0.5% from the 2nd Quarter 2026 and remaining the same as the rate from the 3rd Quarter 2025.
According to CoStar data, 665 thousand square feet, 4.7% of the industrial space in the City of Mentor is vacant. In the 2nd Quarter of 2026, the vacancy rate was 4.0%; one year ago, it was 3.6%. The largest available space is 7800 Tyler Blvd. 735,940 sq. ft., 8200 Tyler Blvd. 605,552 sq. ft., and 6500 Heisley Rd. 580,720 sq. ft.