Cincinnati Office Market Report
| Average Asking Rent (Price/SF) | $20.35 |
| Availability Rate (%) | 27.7% |
| Net Absorption (SF) | 74,496 |
The Cincinnati office market’s statistics in the third quarter of 2022 continued to reflect the lack of space needed, but numbers have continued to improve from recent previous quarters. Class A absorption was 98,005 square feet for the third quarter of 2022, compared to negative 23,509 square feet for Class B buildings.
Download Cincinnati Office Market Report 3Q22
Cincinnati Industrial Market Reports
| Average Asking Rent (Price/SF) | $5.35 |
| Availability Rate (%) | 2.8% |
| Net Absorption (SF) | 878,997 |
The third quarter of 2022 was once again very active, posting positive net absorption of 878,997 square feet; there were several deals over 300,000 square feet that took place this past quarter. The Greater Cincinnati industrial market’s absorption was less than in the second quarter of 2022, but this still brings the overall year-to-date absorption to nearly 8-million-square-feet. The overall average vacancy rate remained at 2.8%. Rental rates have been on a consistent upward pace for the past five years, and that doesn’t seem to be slowing down anytime soon. The overall average asking rental rate ended the third quarter of 2022 at $5.35/SF.