NAICS 53

Real Estate and Rental and Leasing in Toledo, OH

Metro Market Score 48.8 (Challenging), ranked #210 of 330 metros. 562 establishments, 3,122 jobs.

Metro Market Score 48.8

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

At #210 of 330 metros, Toledo's real estate and rental and leasing sector scores 48.8 on the market index. Concentration (39.1), wage levels (67.0), and growth (37.3) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

39.1

LQ: 0.70

Rank #129 of 330 metros

Wage Competitiveness

67.0

$60,550 avg wage

Growth Trend

↓ 37.3

Employment growth index

Rank #208 of 330 metros

Wage Pressure

17.5

YoY wage change index

562 Real Estate and Rental and Leasing Firms in Toledo

562

Establishments

+1.8% YoY

3,122

Total Employment

-0.2% YoY

$60,550

Average Annual Wage

+3.9% YoY

0.70

Location Quotient

Below national avg

Within Ohio

#7 of 11

real estate and rental and leasing metros in state

Ohio state rank

#14 of 51

for real estate and rental and leasing entry risk

vs State Median

+8.4

worse than median (40.5)

Toledo vs Ohio Statewide

How this metro's real estate and rental and leasing market compares to Ohio overall. The state ranks #14/51 for entry risk.

Measure	Toledo	OH Statewide
Overall Score	48.8 Challenging	33.2 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#210 of 330 metros	#14 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Toledo

Finance and Insurance 44.1 Information 44.8 Accommodation and Food Services 45.0 Retail Trade 45.2 Other Services 47.5 Administrative and Support Services 49.5 Construction 54.5

Real Estate and Rental and Leasing in Other Ohio Metros

Sandusky 25.2 #43/330 Canton-Massillon 33.8 #87/330 Lima 34.2 #91/330 Springfield 36.0 #107/330 Mansfield 38.5 #124/330 Dayton-Kettering-Beavercreek 40.5 #144/330 Youngstown-Warren 50.9 #223/330 Akron 52.8 #238/330 Columbus 54.8 #249/330 Cleveland 58.1 #265/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Toledo's 48.8 score. Useful when comparing markets with comparable entry profiles.

Billings, MT 48.7 #209/330 Augusta-Richmond County, GA 49.0 #211/330 Medford, OR 48.6 #208/330 El Paso, TX 48.6 #207/330 Rapid City, SD 48.5 #206/330 Hagerstown-Martinsburg, MD 49.2 #212/330 Victoria, TX 49.3 #213/330 Midland, MI 49.3 #214/330 Gettysburg, PA 48.2 #205/330 Pittsfield, MA 48.2 #204/330

Real Estate and Rental and Leasing in States Bordering Ohio

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Pennsylvania 24.5 #1/51 Indiana 30.2 #10/51 Kentucky 30.3 #11/51 Michigan 39.3 #26/51 West Virginia 40.6 #27/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Toledo's real estate and rental and leasing sector, the employment growth component (62.7) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Toledo, OH MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment