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Columbus Office Trends Q4 2022
The Columbus office market continues to face challenges amidst the post pandemic shift. For the first time since the fourth
quarter of 2021, absorption is negative. The vacancy rate increased to 13.06 percent after last quarter’s drop. Development
remains strong, with five projects comprising of 787,625 square feet underway. The Columbus office market continues to see
sublease inventory increasing as companies decide to minimize their space needs. For the next year, the market can anticipate
more opportunities through subleases while landlords look to create new routes in order to rebound and adapt in a post
pandemic world.