Cleveland

Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.

Cleveland is just one of many Midwest cities that has seen suburban companies flock to its CBD.

The new project is just the latest for KeyBanc, which also helped finance Playhouse Square.

With employee satisfaction hovering at zero to 35%, architect and design firm Vocon says offices need to be designed around employees.

The city center has become one of the region's hottest residential markets.

The acquisition gives Marcus & Millichap a greater presence in the Midwest.

“The outside capital is really helping to push local investors understand the value of the real estate and the opportunity that exists, and they are stepping in.”

The market has not seen significant positive absorption for about a year, but vacancy remains at a historic low.