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Various Submarkets Attract Cincinnati Office Tenants

So far this year, the Cincinnati office market has experienced a flurry of activity with new lease transactions and proposed new developments.

 By John Schenk via Heartland Real Estate Business

 Over the past decade, Cincinnati has successfully positioned itself as a formidable Midwestern city, hungry for growth and innovation. Whether you’re a startup or a Fortune 500 company, the city (and its surrounding suburbs) can provide an attractive backdrop.

The Cincinnati office market largely reflects this momentum. Demand in some areas has slowed, but the office market remains steady. In fact, the office market has experienced a flurry of activity in 2019 and is awash in new lease transactions and announcements of proposed new development.

The first quarter of 2019 recorded a 1 percent drop in the entire market vacancy to 14.2 percent, according to Colliers International. The central business district (CBD)’s 12.2 percent vacancy is expected to drop another percentage point, as several pending leases are soon to be announced.

Read the full Heartland Real Estate Business Journal article here

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John Schenk

Sr. VP

Cincinnati

Every day brings new opportunity to advance my clients’ interests by providing service of real value. I enjoy the continuously changing real estate market which creates new challenges and opportunities to provide real estate solutions. Using the knowledge gained from 25 years of commercial real estate experience, I provide proven real estate strategies that deliver on my clients’ business goals and objectives. Many long client relationships and the support of my colleagues at Colliers International are the heartbeat of my work.

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