Commercial Real Estate Report - Columbus, OH [Office]

Property Type

View market and submarket information on Office space in Columbus, Ohio. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Columbus, Ohio.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Columbus, OH - Entire Metro
Submarkets
North Central -170 bps
Southwest -80 bps
Lower Downtown -40 bps
Upper Downtown -20 bps
Westerville -10 bps
Dublin/Hilliard 0 bps
Worthington 0 bps
Upper Arlington 40 bps
Southeast 70 bps
Bexley/Whitehall 120 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean -- 9.1% 11.4% 5.4%
Median -- 8.4% 11.0% 6.0%
12 Month Rolling 8.9% 8.2% 7.6% 6.3%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
Bexley/Whitehall 28890 BC $12
Bexley/Whitehall 19791 BC $18
North Central 62140 A $21
Southeast 60680 BC $10
North Central 62210 A $20
North Central 01070 A $24
Westerville 68850 BC $14
Westerville 17970 A $18
Westerville 08560 BC $10
Westerville 40540 A $18

Change From Previous Quarter

Market Rent Vac Inv
Columbus 0.0% -20 bps 0.0%
Midwest Region 0.0% 0 bps 0.0%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.0% -20 bps 0.0%
Metro vs. US 0.0% -20 bps 0.0%

Latest New Construction Updates

Location Size
Upper Downtown 0 - 60,000
Upper Downtown 160,000 - 210,000
Worthington 110,000 - 160,000
North Central 210,000 - 0
Worthington 160,000 - 210,000
Bexley/Whitehall 0 - 60,000
Bexley/Whitehall 0 - 60,000
Bexley/Whitehall 0 - 60,000
Westerville 60,000 - 110,000
Southeast 0 - 60,000
View all Construction Projects

National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
108. New Haven, CT 17.5%
109. Salt Lake City, UT 17.5%
110. Orange County, CA 17.7%
111. Minneapolis, MN 17.8%
112. College Station-Bryan, TX 17.9%
113. Columbus, OH 18.0%
114. Denver, CO 18.0%
115. Worcester, MA 18.0%
116. Springfield, MO 18.1%
117. Fort Collins, CO 18.2%
118. Oakland-East Bay, CA 18.3%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Columbus 0.9% 1,745 bps 0.6%
Midwest Region 0.8% 1,927 bps 0.5%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region 0.1% -182 bps 0.1%
Metro vs. US 0.3% 41 bps -0.4%