MARKET TREND REPORTS
Columbus | Industrial
Q1 2021
The Columbus industrial market started the year strong, recording 5,072,626 square feet of net absorption. The ongoing
COVID-19 health crisis has caused already-high demand for warehouse space to skyrocket, leading to booming activity in the
industrial sector. This growth has yielded absorption greater than 1 million square feet in 14 of the past 15 quarters in Central Ohio and driven vacancy to 4.02 percent - the lowest it’s been in three years. With consistent demand and expected construction completions, Columbus can anticipate more activity throughout 2021 as the pandemic fuels growth in industrial space.