The commercial real estate market in Canton hasremained
relatively stable in 2011. Canton, located just 60miles south
of Cleveland, offers businesses an educated labor force, low
cost of living and a great place to raise a family. Canton’s
growth during the second half of 2011 centered around the
oil and gas industry. The influx of tenants for both warehouse
and office space helped stabilize rates and fill mostly vacant
industrial buildings, land and warehouse.
Much of the vacant industrial space with acreage has been
absorbed by the oil and gas industry in association with
drilling and exploration of the Utica and Marcellus Shales.
In addition, we have seen growth in manufacturing as well.
Suarez Corporation leased approximately 200,000 SF in
North Canton for manufacturing the EdenPURE heater.