Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
OhioIndustrial

Central Ohio’s industrial market still on a roll

Dan Rafter April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Industrial real estate remains a hot commodity in the Central Ohio region. In its latest industrial report, Cassidy Turley says that the industrial real estate market in the area is still on a record-breaking pace in 2014.

According to Cassidy Turley, the mid-year vacancy rate of industrial real estate in Central Ohio stands at a low 7.4 percent. Even more impressive, the market has absorbed nearly 2.5 million square feet of industrial space in the first and second quarters of this year. That resulted in the best absorption rate that Cassidy Turley has ever seen in the region for the first two quarters of any year.

Robin Mitchell, research analyst for Cassidy Turley’s Columbus office, said that the modern bulk industrial market has been especially strong. She said that this sector’s vacancy rate stood at 4 percent during the second quarter of this year. This sector has also absorbed more than 1 million square feet combined in the first and second quarters of 2014.

“Its best performance in four years,” Mitchell said.

During the second quarter, Cassidy Turley reports, the industrial market in the center of Ohio absorbed 383,693 square feet. Growth areas include the region’s Out of County submarket, with 410,251 square feet of absorption, and the Southwest market, with 220,052 square feet.

Cassidy Turley researchers predict that the industrial market’s positive showing will continue throughout the year and into 2015, with vacancy rates continuing to fall and absorption numbers continuing to rise.

Cassidy Turley also predicted that new construction should increase through late 2016. Almost 3.5 million square feet of new industrial construction is already underway in the Central Ohio region.

Tags
Uncategorized
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasMultifamily

Westmount Realty Capital announces sale of garden-style multifamily property in Houston

May 24, 2022
IllinoisCRE

Alumnus Rick Sinkuler appointed Crocker endowed director of DePaul Real Estate Center

May 24, 2022
TexasOffice

Downtown high-rise, Ross Tower, is the new home to four law firms in Dallas

May 24, 2022
TexasMultifamily

Kalterra Capital Partners announces new multifamily project in Austin

May 24, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com