Top Markets for Industrial Property Investments in Ohio
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 20
- 2 min read
Ohio has emerged as a powerhouse for industrial property investment, thanks to its central location, robust infrastructure, and growing demand for logistics and manufacturing space. Whether you're a seasoned investor or exploring new opportunities, knowing where to invest is key.
Top Industrial Investment Markets in Ohio
Cleveland leads the nation in industrial investment potential. With a 2.6% vacancy rate and asking rents around $4 per square foot, it offers affordability and strong logistics infrastructure.
2. Columbus, OH
Columbus is thriving due to its strategic location and access to major interstates. In Q2 2025 alone, it absorbed 5.65 million square feet of industrial space, with vacancy rates dropping to 7.83%.
Cincinnati’s proximity to Kentucky and Indiana makes it a logistics hub. The city boasts a strong job market and consistent demand for warehouse and distribution space.
4. Dayton, OH
Dayton is gaining traction for its affordability and emphasis on tech-driven industrial development. Vacancy rates are low, and new construction is underway to meet demand.
5. Toledo, OH
Toledo offers competitive pricing and access to Great Lakes shipping routes. It’s ideal for investors seeking long-term growth in manufacturing and distribution.
Why Ohio Is Ideal for Industrial Investment
Central Location: Within a day’s drive of 60% of the U.S. population.
Infrastructure: Access to I-70, I-71, I-75, and major rail lines.
E-Commerce Growth: Rising demand for last-mile delivery and micro-fulfillment centers.
Reshoring Manufacturing: Companies are bringing production back to the U.S., and Ohio is a top choice.
Insurance Considerations for Industrial Properties
Industrial properties face unique risks—fire, theft, equipment breakdown, and liability claims. Wexford Insurance offers tailored commercial property insurance for:
Warehouses and distribution centers
Manufacturing facilities
Cold storage and logistics hubs
Mixed-use industrial buildings
Coverage includes:
Business interruption insurance
Equipment breakdown
Pollution liability (optional)
Cyber liability (optional)
Final Thoughts
Ohio’s industrial real estate market is full of opportunity—but smart investing requires more than just location. With the right insurance partner, you can protect your property and maximize returns. Wexford Insurance is here to support industrial property owners with expert guidance and comprehensive coverage. Contact today!
FAQs
Q1: What makes Cleveland a top industrial market?
Its low vacancy rate, affordable rents, and strong logistics infrastructure make it ideal for investors.
Q2: Do I need special insurance for warehouses?
Yes. Warehouses require coverage for property damage, inventory, equipment, and liability.
Q3: Can I insure multiple industrial properties under one policy?
Wexford Insurance offers flexible options for portfolio coverage across multiple locations.
