The Cleveland 2nd Quarter 2026 Industrial Market Report compiled by CoStar tracks approximately 455 million square feet of industrial space in eight (8) counties (Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Portage, Medina, and Summit). The 2nd Quarter vacancy rate is 4.6%, increasing 0.1% from the 1st Quarter 2026 and increasing 0.3% from the 2nd Quarter 2025.
The Lake County market contains approximately 40 million square feet in 1,349 buildings, of which Mentor accounts for approximately 14 million square feet (or 36% of the total). The Lake County market had a vacancy rate of 3.1%, increasing 0.4% from the 1st Quarter 2026, and increasing 0.9% from the 2nd Quarter 2025.
According to CoStar data, 562 thousand square feet, and 4.0% of the industrial space in the City of Mentor is vacant. In the 1st Quarter of 2026, the vacancy rate was 3.2%; one year ago, it was 2.2%. The largest available spaces are 7800 Tyler Blvd., 119,503 sq. ft., 8100 Tyler Blvd., 85,733 sq. ft., and 7350 Production Dr., 67,200 sq. ft.