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Cincinnati Market Reports

Cincinnati Office Market Report

Average Asking Rent (Price/SF)   $19.46
Vacancy Rate (%)     18.5%
Net Absorption (SF) (83,026)

The Greater Cincinnati office market has faced some difficulty posting positive net absorption numbers in 2017. So far this year, the only quarter to post positive net absorption has been the second quarter. The third quarter experienced negative net absorption of 83,000 square feet. Net absorption for the year stands at negative 310,000 square feet.

Cincinnati Industrial Market Reports

Average Asking Rent (Price/SF)         $4.18
Vacancy Rate (%)          3.4%
Net Absorption (SF)    567,319

Fueled by the rapid growth of the ecommerce marketplace, the Greater Cincinnati industrial market has experienced a record-breaking year so far in 2017. There was over 567,000 square feet of positive net absorption in the third quarter of 2017. This puts the yearly total in excess of 4.1 million square feet of positive net absorption. The last time the local market posted negative quarterly net absorption numbers was in the second quarter of 2012. That means the local industrial market has seen 21 consecutive quarters of positive net absorption.

Cincinnati Office Market Report
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Cincinnati Industrial Market Report
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