Columbus industrial market report
Q3 2023
At the end of Q3 2023, the Columbus industrial market witnessed an increase in new development, resulting in a slight rise in vacancy, which was recorded at 6.4%. Additionally, during this period logistics companies secured all three of the largest lease transactions, amounting to a total of 2 msf.
Overall vacancy
Overall vacancy increased 40 basis points (bps) from the prior quarter, up to 6.4% at the end of Q3 2023.
Sublet vacancy
Sublet vacancy increased 53% year-to-date with a total of 3.3 msf available.
Leasing activity
In Q3 2023, logistics companies signed all three of the largest lease transactions, with a combined total of 2 msf.
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