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Columbus Office Trends Q4 2021

As the world continues to feel the effects of the ongoing COVID-19 pandemic, the Columbus office market recorded negative
net absorption* of 55,939 square feet in the fourth quarter. The negative year-to-date absorption of 717,942 square feet has
driven vacancy from 11.8 percent in Q1 2021 to 12.76 percent this quarter. However, Central Ohio is showing signs of recovery,
with new development and tenant demand picking up significantly throughout the year. With 1.3 million square feet of product
underway and over 140 users searching for office space, Columbus can anticipate increased activity in the new year.

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