Columbus, Ohio MSA Market Reports

Retail 2019 Q1

Retail 2019 Q1

The 27.7-million-square-foot Columbus community-neighborhood shopping center market posted a 13.1% vacancy rate in the fourth quarter of 2017. January 2018 data show no change. Reis reports average asking and effective community-neighborhood shopping center rents of $13.52 psf and $11.42 psf, both up 0.4% over the quarter, and both up 2.2% for the year. This is actually a good performance for this market, which saw annual gains of 0.4% asking and 0.5% effective in 2016. Prior annual gains were better but not all by much. January 2018 data show 0.1% losses for both rental categories. VIEW RETAIL LISTINGS >

Office 2019 Q1

Office 2019 Q1

The 32.4-million-square-foot Columbus general purpose, multi-tenant office market shows a 19.5% vacancy rate in the fourth quarter of 2017. This rate is up 30 basis points for the quarter and up 80 over 12 months. January 2018 data show a 19.3% rate. Reis reports fourth quarter average asking and effective rents of $19.03 psf and $15.16 psf, both up 0.3% for the quarter, and up 0.6% and 0.5%, respectively, over the year. January 2018 data show no change. VIEW OFFICE LISTINGS >

Industrial 2019 Q1

Industrial 2019 Q1

The 116.2-million-square-foot Columbus warehouse/distribution market finished January 2018 with a vacancy rate of 12.7%. This rate is 10 basis points lower than that recorded for the fourth quarter of 2017. Asking and effective rents were up 0.8% and 0.9% in the fourth quarter of 2017 to $3.69 psf and $3.36 psf, respectively, and were up 2.5% and 2.8% over 12 months. Effective rents rose 0.3% in January 2018.The 13.3-million-square-foot Flex/R&D market finished 2017 with a 13.2% vacancy rate. This is up 20 basis points from the third quarter rate of 13.0% and down 70 basis points over 12 months. The rate fell slightly in January 2018. Reis reports fourth quarter average asking and effective rents of $5.96 psf and $5.19 psf, up 0.3% and 0.6% for the quarter, and 2.8% and 3.0%, respectively, for the year. Effective rents rose by 0.2% in January 2018. VIEW INDUSTRIAL LISTINGS >

Apartment 2019 Q1

Apartment 2019 Q1

The 142,735-unit metro Columbus apartment market finished the fourth quarter of 2017 with a 4.1% vacancy rate, up 30 basis points from the prior quarter and up 30 year-over-year. Monthly data from Reis show a 4.2% rate for January 2018. Rents had a good year in 2017. Average asking and effective rents, at $888 and $848 per month, rose 0.4% each for the quarter and 3.4% each for the year. Asking and effective rent gains broke the 1.0% mark in the second quarter and were positive for all the others, making this a positive year overall. VIEW APARTMENT LISTINGS >

Reis, Inc. Market Reports provide a summary of the quarterly results for the Columbus, Ohio MSA. For a more detailed report email your request to marketing@cbc-aspire.com.

 

Special Reports

Retail Repurposing

Retail Repurposing

THE FALL OF RETAIL GIANTS

Is it the end for Big Box spaces, or can they be repurposed?

NNN Investment

NNN Investment

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

Student Housing

Student Housing

Once often overlooked by investors for fear of poorly maintained properties and high turnover, this asset class has become resilient, boasting handsome returns. In recent years, the sector has outperformed traditional multifamily apartments with stable rent growth and absorption rates.

Opportunity Zones Report

Opportunity Zones Report

The real estate industry is buzzing about this new program which allows private investment in distressed communities throughout the country. With this special report, CBC brings you a quick overview to help understand what opportunity zones are and how investors can use them for their benefit.

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2018 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 74+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!