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Dayton Industrial 21Q2 Report

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Cincinnati Industrial Report

Dayton’s Activity Slumps in Second Quarter Despite Bright Spots

The Dayton industrial market has struggled through the first half of 2021, but is poised to benefit from the ever-increasing demand for warehouse and logistics space in the coming quarters.

  • Net absorption continued its decline in the second quarter to -111,259 square feet.
  • Overall market vacancy increased by 20bps to 6.2%, a second consecutive quarterly increase.
  • New supply totaled 166,000 square feet for the quarter, with an additional 1.9 million under construction.
  • Driven by the bulk and warehouse/distribution sectors, rental rates continue to increase.

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Dayton Industrial 21Q2 Report

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Loren DeFilippo

Director of Research | Ohio

Cincinnati

Loren oversees all  research activities for Colliers'  Ohio markets including, Cincinnati, Cleveland, Dayton and Akron/Canton.  His responsibilities include the collection, aggregation and analysis of data regarding office, industrial, retail and  multifamily asset classes, along with capital markets.  He prepares reports documenting current economic and commercial real estate market  conditions and provides forecasts to assist brokers  and clients in making informed business decisions. A firm believer in the power of knowledge, Loren utilizes research as a marketing tool in conjunction with the firm's marketing and business development efforts. Loren leverages  his 30+ years of career experiences as an architect, a broker specializing in the leasing and sale of office properties and market researcher to accelerate the success of our brokers, clients and stakeholders.

 

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Alex Cate

Research Manager

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Alex Cate joined Colliers International in 2020 as a research analyst working directly with the Director of Research, Loren DeFilippo. Alex will be working with advisors, third-party data sources and other members of the office to provide daily database management, conduct market analysis, and provide research and reporting for the company and Colliers | USA.

Prior to joining Colliers, Alex attended Kenyon College in Gambier, Ohio where he graduated with Bachelors of Arts focusing in Political Science. While he was at Kenyon, Alex was a part of the Kenyon Men’s Basketball team and had served multiple internships in the commercial real estate world.

Alex has experience working at Realty Income Corporation, a REIT based in San Diego, California as a portfolio acquisitions analyst. He also interned at Jones Lang LaSalle with their Los Angeles Retail Capital Markets Group. His experience and knowledge in the commercial real estate industry, as well as in platforms like CoStar, Real Capital Analytics and SitesUSA, will allow his transition into the research analyst role at Colliers International to go smoothly.

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