Columbus industrial real estate market reports
The Columbus industrial market has benefited from strong market fundaments observed throughout 2021 with record breaking leasing and investment activity, historically low vacancy and absorption levels surging to an all time high. Developers continue to push forward on new developments to satisfy the demand from industrial users, bring the total square footage under construction to 15.7msf.
Columbus’s unemployment rate has reached its lowest level since December 2019, recording at 3.5% as of October 2021.
60% of total Columbus population is fully vaccinated, slightly trailing the U.S. averages, an important metric as different variant stands emerge.
Record breaking leasing activity was observed throughout the pandemic up 97.6% in 2020-2021 when compared to the prior 20-year average.
The overall vacancy rate for the Columbus industrial market reached an all time low, dipping below 4%, recorded at 3.6% at the end of 2021.
Average asking rents have increased by approximately $0.75psf since the start of the pandemic, one indicator of a landlord-favorable market.
Industrial investment activity surged to $2.8B since 2020 as investors deploy capital at a rapid pace.
Your source for the latest Columbus industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Columbus. Gain an overall better understanding of Columbus' industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Columbus.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Columbus industrial real estate market.