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Cincinnati Office 22Q2 Report

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Despite minimal declines in overall activity, pockets of growth provide positive indicators for the future.

Shifting demand trends begin to solidify as positive gains signal increasing demand.

  • Negative net absorption declined in Q2 by 56% to 49,000 SF.
  • The overall vacancy rate increased by 1.2% while the overall suburban vacancy rate remained flat.
  • The average asking rate remained relatively flat, only experiencing a 30-basis point decrease.
  • Construction activity decreased to 542,000 square feet of space under construction as 71,271 square feet was delivered during the quarter.

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Cincinnati Office 22Q2 Report

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Related Experts

Brent Ludy

Research Manager

Cincinnati

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