Columbus industrial real estate market reports
Q2 2023
The Columbus industrial market witnessed a slight uptick in vacancy at the end of the second quarter 2023, increasing 120 basis points year-to-date up to 5.2%, A total of 8.8 msf delivered to the market so far this year and of that 50% remains vacant and available. Construction activity surged in 2022 with record breaking deliveries which added 14.7 msf of new inventory to the market.
Overall vacancy
Overall vacancy increased year-to-date up 120 basis points, recorded at 5.2% at the end of the second quarter 2023.
Leasing activity
Year-to-date a total of 8.7 msf has been leased, a slight cool down from the highs of the pandemic.
Construction activity
Construction activity remains healthy with 12.7 msf currently being developed and 8.8 msf already delivered to the market in the first half of 2023.
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