Insights
Ohio
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BACK TO INSIGHTSEXPLORE 7 Ohio MARKETSToggle markets
VACANCY
Distribution / Warehousing
Average Vacancy Rate 15.0%
- Increased by 50 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.90
- Second lowest rent growth in the nation, higher than only Santa Rosa.
- Expected to finish 2019 at.
VACANCY
Apartment
Average Vacancy Rate 4.1%
- No change since Q1 2020.
- Expected to finish 2020 at 5.1%.
Distribution / Warehousing
Average Vacancy Rate 14.7%
- Declined by 60 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 15.0%.
Flex / R&D
Average Vacancy Rate 11.1%
- Drifted downward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 13.5%.
Office
Average Vacancy Rate 18.2%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 20.1%.
Retail
Average Vacancy Rate 10.8%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 13.3%.
RENT
Apartment
Average Asking Rent $958
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q1 2010.
- Expected to finish 2020 at $941.
Distribution / Warehousing
Average Asking Rent $3.80
- Up 0.5% from Q1 2020.
- Expected to finish 2020 at $3.62.
Flex / R&D
Average Asking Rent $6.65
- Up 0.3% from Q1 2020.
- Expected to finish 2020 at $6.19.
Office
Average Asking Rent $20.05
- Down 0.3% from Q1 2020.
- Expected to finish 2020 at $19.66.
Retail
Average Asking Rent $16.49
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $15.54.
VACANCY
Apartment
Average Vacancy Rate 4.0%
- Drifted downward by 10 basis points.
- Lowest level since Q1 2018.
- Expected to finish 2020 at 5.2%.
Distribution / Warehousing
Average Vacancy Rate 9.4%
- Drifted downward by 10 basis points.
- Expected to finish 2020 at 11.0%.
Flex / R&D
Average Vacancy Rate 17.7%
- Second highest in the nation. Only Pittsburgh is currently softer.
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 19.2%.
Office
Average Vacancy Rate 24.4%
- Rose by 230 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 25.9%.
Retail
Average Vacancy Rate 13.9%
- No change since Q1 2020.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 16.1%.
RENT
Apartment
Average Asking Rent $969
- Up 0.4% from Q1 2020.
- Has risen in every quarter since Q3 2010.
- Expected to finish 2020 at $938.
Distribution / Warehousing
Average Asking Rent $4.43
- Up 0.2% from Q1 2020.
- Expected to finish 2020 at $4.26.
Flex / R&D
Average Asking Rent $7.80
- Up 0.4% from Q1 2020.
- Expected to finish 2020 at $7.45.
Office
Average Asking Rent $19.85
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $19.43.
Retail
Average Asking Rent $16.12
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $14.82.
VACANCY
Apartment
Average Vacancy Rate 5.1%
- No change since Q1 2020.
- Highest level since year-end 2014.
- Expected to finish 2020 at 6.4%.
Distribution / Warehousing
Average Vacancy Rate 11.0%
- Drifted upward by 20 basis points.
- Expected to finish 2020 at 12.6%.
Flex / R&D
Average Vacancy Rate 15.7%
- Increased by 60 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 16.5%.
Office
Average Vacancy Rate 19.9%
- No change since Q1 2020.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 22.0%.
Retail
Average Vacancy Rate 10.9%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 13.3%.
RENT
Apartment
Average Asking Rent $992
- Flat since Q1 2020.
- Expected to finish 2020 at $970.
Distribution / Warehousing
Average Asking Rent $3.89
- Up 0.3% from Q1 2020.
- Expected to finish 2020 at $3.70.
Flex / R&D
Average Asking Rent $6.12
- Fastest rent growth in the nation.
- Fastest rate of increase since Q3 2014.
- Expected to finish 2020 at $5.82.
Office
Average Asking Rent $19.68
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $19.14.
Retail
Average Asking Rent $13.91
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $13.04.
VACANCY
Apartment
Average Vacancy Rate 2.7%
- Lowest in the Midwest region, third lowest in the nation.
- Drifted downward by 20 basis points.
- Lowest level since Q2 2000.
Distribution / Warehousing
Average Vacancy Rate 17.6%
- Rose by 110 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2019 at 17.4%.
Office
Average Vacancy Rate 30.6%
- Highest in the nation.
- Rose by 110 basis points.
- Highest level since Q3 1999.
Retail
Average Vacancy Rate 15.3%
- Drifted upward by 20 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 18.3%.
RENT
Apartment
Average Asking Rent $811
- Up 0.2% from Q1 2020.
- Has risen in every quarter since Q1 2014.
- Expected to finish 2020 at $799.
Distribution / Warehousing
Average Asking Rent $3.32
- Flat since year-end 2018.
- Expected to finish 2019 at $3.37.
Office
Average Asking Rent $15.37
- Flat since Q1 2020.
- Expected to finish 2020 at $15.14.
Retail
Average Asking Rent $11.76
- Lowest rent growth in the nation.
- Expected to finish 2020 at $11.27.
VACANCY
Apartment
Average Vacancy Rate 3.6%
- Eighth lowest in the nation and the third lowest in the Northeast.
- No change since Q1 2020.
- Lowest level since year-end 2014.
Distribution / Warehousing
Average Vacancy Rate 8.8%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 10.7%.
Flex / R&D
Average Vacancy Rate 18.3%
- Highest in the nation.
- Increased by 100 basis points.
- Expected to finish 2020 at 19.6%.
Office
Average Vacancy Rate 19.3%
- Drifted downward by 10 basis points.
- Expected to finish 2020 at 21.7%.
Retail
Average Vacancy Rate 11.5%
- Has risen for six consecutive quarters.
- Highest level since Q2 2007.
- Expected to finish 2020 at 13.8%.
RENT
Apartment
Average Asking Rent $1,151
- Up 0.2% from Q1 2020.
- Has risen for ten consecutive quarters.
- Expected to finish 2020 at $1,124.
Distribution / Warehousing
Average Asking Rent $4.76
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $4.49.
Flex / R&D
Average Asking Rent $8.59
- Fifth fastest rent growth in the nation, and the second in the Northeast region, behind only Long Island.
- Has risen in every quarter since Q1 2014.
- Expected to finish 2020 at $8.00.
Office
Average Asking Rent $22.89
- Up 0.1% from Q1 2020.
- Expected to finish 2020 at $22.58.
Retail
Average Asking Rent $18.06
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $17.20.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 16.0%
- Declined by 70 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $2.98
- Up 1.0% from year-end 2018.
- Fastest rate of increase in six quarters.
- Expected to finish 2019 at.