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The Columbus office market has adapted to the changes in the workplace environment within the last three years. Negative absorption was recorded for the second quarter of 2023, and the vacancy rate increased slightly from 18.73 to 18.77 percent. Sublease vacant space increased to 3.72 percent with the availability over four percent. Asking rates have […]
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 […]
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 […]
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 […]
As the world continues to feel the effects of the ongoing COVID-19 pandemic, the Columbus office market recorded negative net absorption of 48,300 square feet in the second quarter. The 1 million+ square feet of new sublease space that has been added to the market since Q2 2020 has driven the vacancy rate up to […]
The Columbus office market continues to be impacted by the ongoing COVID-19 pandemic, posting negative net absorption of 351,686 square feet and vacancy of 11.8 percent this quarter. A majority of this can be attributed to the 700,000+ square feet of sublease space that has been added to the market over the past year. On […]
The Columbus office market continues to be impacted by the ongoing COVID-19 pandemic, posting negative net absorption of 278,546 square feet this quarter. A majority of this can be attributed to a rise in sublease vacancy that has come on the market, compared to direct vacant space which has not been hit as hard thus […]
The Columbus office market started to feel the effects of the ongoing COVID-19 pandemic, recording negative net absorption of 664,924 square feet in the third quarter. Nearly 500,000 square feet of this can be attributed to sublease vacancy that has come on the market, compared to direct vacant space which has not significantly risen this […]
The Columbus office market had a strong second quarter, posting 39,011 square feet of net absorption*. In eight of the past nine quarters, the region has experienced positive absorption – a true testament to the sustained strength of the office sector. Read the Full Report
The Columbus office market started off the year with slightly negative net absorption* of 23,110 square feet. However, the market recorded positive absorption in seven of the past eight quarters, demonstrating the overall strength of the office sector. Ongoing investment, development and leasing activity drove positive absorption of 55,094 square feet in the CBD – […]
The Columbus office market finished the year strong, recording 351,948 square feet of positive net absorption* in the fourth quarter. This brings year-to-date net absorption to over 1.2 million square feet. The fourth quarter is the seventh consecutive quarter of positive absorption and the third consecutive quarter of absorption above six figures, demonstrating the consistent […]
The Columbus office market continued a strong year with 310,789 square feet of positive absorption* in the third quarter. This marks the sixth consecutive quarter of positive absorption and the second consecutive quarter of absorption over six figures, proving the strength of the office sector. Due to consistent leasing activity, the vacancy rate continues to […]
The Columbus office market experienced a boom in activity during the second quarter, posting 551,716 square feet of positive net absorption*. This marks the fifth consecutive quarter of positive absorption, demonstrating the growing strength of the office sector. The vacancy rate dropped from last quarter, declining from 9.51 percent to 9.17 percent as many large […]
The Columbus office market started the year strong, recording 64,036 square feet of positive net absorption*. This marks the fourth consecutive quarter of positive absorption numbers, demonstrating the increasing growth of the office sector. The vacancy rate decreased four basis points to 9.51 percent, as many tenants occupied space throughout the city. Overall asking rates […]
During the fourth quarter of 2018, the Columbus office market saw a third consecutive quarter of growth, posting 65,134 square feet of positive net absorption. Despite Cardinal Health and United Healthcare vacating 6000 Parkwood Pl. and 9200 Worthington Road, respectively, large move-ins drove absorption positive. Nexeo Solutions backfilled a large portion of Cardinal Health’s space, […]
In the third quarter, the Columbus office market experienced a second consecutive quarter of positive net absorption, recording 148,800 square feet. Nationwide vacated 315,000 square feet of space at 5525 Parkcenter Circle for their new 152,455-square-foot property at Grandview Yard, but other large move-ins drove absorption positive. Due to high leasing activity, the vacancy rate […]
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary information provided in this report is as follows: significant office properties sold, current properties on the market, significant leases recently signed, as well as current developments underway…
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in the state of Ohio. The primary information provided in this report are as follows: significant office properties sold, current properties on the market, significant leases recently signed, as well as current developments […]
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary information provided in this report is as follows: significant office properties sold, current properties on the market, significant leases recently signed, as well as current developments underway…
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in the state of Ohio. The primary information provided in this report are as follows: significant office properties sold, current properties on the market, significant leases recently signed, as well as current developments […]
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary information provided in this report is as follows: significant office properties recently sold, current properties on the market, significant leases recently signed, as well as current developments underway…
The purpose of this report is to focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary information provided in this report is as follows: significant office properties recently sold, current properties on the market, significant leases recently signed, as well as current developments underway…
The purpose of this report is to concisely focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary topics covered in this report are as follows: significant office properties sold along with current cap rates, current properties on the market, significant leases recently signed, as […]
The purpose of this report is to concisely focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary topics covered in this report are as follows: significant office properties sold along with current cap rates, current properties on the market, significant leases recently signed, as […]
The purpose of this report is to concisely focus on key market information that is relevant to investors interested in office property located in Central Ohio. The primary topics covered in this report are as follows: significant office properties sold along with current cap rates, current properties on the market, significant leases recently signed, as […]
Roughly 37% of all new leases signed in 2021 were either speculative space or sublease space that had attractive in-place infrastructure and/or furniture. This empirical evidence in addition to the many conversations with tenants, landlords, and the brokerage community indicate the need for increased TI dollars and updated tenant amenities if owners wish to remain […]
Colliers | Columbus’ property management team surveyed their tenants four times since the start of COVID-19: at the beginning of the second, third and fourth quarters of 2020, and then again in the second quarter of 2021. These surveys have revealed to us that Columbus tenants value their physical spaces but are open to employee […]
Tenants are constantly relocating their office space to better suit their needs. Using a points system based on square footage, the Colliers research team is able to track where office users are coming and going throughout the city. Click here to view the most recent, interactive report:
