Industrial Property for Lease in Independence, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Independence, OH 44131
  • Size: 189,021 SF

Description

189,021 SF Warehouse/Office Space for lease in a 641,830 SF building. With more than 18 shipping bays, this property has served as the corporate headquarters of Kichler Lighting for over 30 years. This property is available to a single or multiple tenants. Building cafeteria available for tenant use; serves breakfast and lunch; will also cater events. There is a fitness center also available for tenant use. It is an ideal space for a call center or operations center. The building sits in a park-like setting, also has a courtyard. It is within a preferred southern suburban location with excellent freeway access. This property is also available for Sale.

Market Context

This industrial in Independence, OH is listed for lease across 189,021 SF. It has been on the market for 21 days. Compare it against other industrial listings for lease in Independence, OH — <a href="/search/lease/industrial/ohio/independence">view the full market</a>.

As of Q1 2026, the Cleveland industrial market showed a 8.8% vacancy rate, and cap rates around 10.5%. Source: Consensus Q1 2026 market report.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per Consensus.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

Unified Estimate

Low Confidence

$6.16/SF/mo – $8.34/SF/mo

Mid: $7.25/SF/mo

Total estimate for 189,021 SF: $1,370,402

Rate estimator only; cost-of-business estimate unavailable.

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