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Columbus Office Trends Q3 2021
The Columbus office market continues to be impacted by the ongoing COVID-19 pandemic, recording 262,017 square feet of negative net absorption and vacancy of 12.7 percent. A majority of this can be attributed to the 1.4 million+ square feet of new sublease space that has been added to the market since Q2 2020. On a positive note, development remains high with more than 1.3 million square feet of Class A space underway and tenant demand is picking up. With nearly 130 office users actively searching for space, Central Ohio can anticipate an increase in activity in coming months as the market begins to rebound.