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. 

2 msf

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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