MARKET TREND REPORTS
Columbus | Industrial
As the COVID-19 pandemic continues to fuel demand for prime warehouse space, the Columbus industrial market posted 2.8
million square feet of net absorption in the second quarter. The region has seen absorption greater than 2 million square feet consecutively in the past six quarters, which has driven vacancy down to 3.68 percent - the lowest it has ever been. Construction also remains steady, as over 10 million square feet of product is currently underway and 2 million square feet of space completed this quarter. Consistent demand in industrial space will further impact the Columbus market through the rest of 2021.