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Ohio
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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
The average Vacancy Rate was 4.3% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 10 basis points.
- The Cincinnati metro had the lowest vacancy level since Q1 2020.
- Vacancy is expected to finish 2022 at 4.4% in the Cincinnati metro.
Distribution / Warehousing
The average Vacancy Rate was 10.6% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 30 basis points.
- The Cincinnati metro had the lowest vacancy level since year-end 2018.
- Vacancy is expected to finish 2022 at 9.9% in the Cincinnati metro.
Flex / R&D
The average Vacancy Rate was 8.0% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 290 basis points.
- The Cincinnati metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.3% in the Cincinnati metro.
Office
The average Vacancy Rate was 20.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro increased by 130 basis points.
- The Cincinnati metro had the highest vacancy level since Q3 1995.
- Vacancy is expected to finish 2022 at 19.3% in the Cincinnati metro.
Retail
The average Vacancy Rate was 10.4% in the Cincinnati metro
- The Cincinnati metro had the lowest vacancy in the Midwest region, third lowest in the nation.
- Vacancy in the Cincinnati metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 10.5% in the Cincinnati metro.
RENT
Apartment
The average Asking Rent was $1,117 in the Cincinnati metro
- The Cincinnati metro had the fastest rent growth in the Midwest region, third most rapid in the nation.
- Rent has risen in every quarter since Q1 2010 in the Cincinnati metro.
- Rent is expected to finish 2022 at $1,153 in the Cincinnati metro.
Distribution / Warehousing
The average Asking Rent was $4.09 in the Cincinnati metro
- Rent in the Cincinnati metro was up 1.0% from year-end 2021.
- Rent is expected to finish 2022 at $4.25 in the Cincinnati metro.
Flex / R&D
The average Asking Rent was $6.87 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.9% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Cincinnati metro.
- Rent is expected to finish 2022 at $7.05 in the Cincinnati metro.
Office
The average Asking Rent was $19.72 in the Cincinnati metro
- Rent in the Cincinnati metro was down 0.5% from year-end 2021.
- Rent has been in decline for six consecutive quarters in the Cincinnati metro.
- Rent is expected to finish 2022 at $19.82 in the Cincinnati metro.
Retail
The average Asking Rent was $16.56 in the Cincinnati metro
- Rent in the Cincinnati metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $16.65 in the Cincinnati metro.
VACANCY
Apartment
The average Vacancy Rate was 3.7% in the Cleveland metro
- Vacancy in the Cleveland metro drifted downward by 20 basis points.
- The Cleveland metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.6% in the Cleveland metro.
Distribution / Warehousing
The average Vacancy Rate was 7.2% in the Cleveland metro
- Vacancy in the Cleveland metro declined by 50 basis points.
- The Cleveland metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 7.0% in the Cleveland metro.
Flex / R&D
The average Vacancy Rate was 14.3% in the Cleveland metro
- The Cleveland metro had the second highest vacancy in the nation. Only Pittsburgh is currently softer.
- No vacancy change since Q3 2021 in the Cleveland metro.
- The Cleveland metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 20.4% in the Cleveland metro
- Vacancy in the Cleveland metro drifted downward by 30 basis points.
- The Cleveland metro had the lowest vacancy level since year-end 2010.
- Vacancy is expected to finish 2022 at 21.2% in the Cleveland metro.
Retail
The average Vacancy Rate was 14.1% in the Cleveland metro
- Vacancy in the Cleveland metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 13.7% in the Cleveland metro.
RENT
Apartment
The average Asking Rent was $1,111 in the Cleveland metro
- Rent in the Cleveland metro was up 2.7% from year-end 2021.
- Rent is expected to finish 2022 at $1,143 in the Cleveland metro.
Distribution / Warehousing
The average Asking Rent was $4.58 in the Cleveland metro
- Rent in the Cleveland metro was up 1.1% from Q3 2021.
- Cleveland metro had its fastest rent rate of increase since Q2 2011.
- Rent is expected to finish 2022 at $4.72 in the Cleveland metro.
Flex / R&D
The average Asking Rent was $7.95 in the Cleveland metro
- The Cleveland metro had the lowest rent growth in the nation.
- Rent is expected to finish 2022 at $8.20 in the Cleveland metro.
Office
The average Asking Rent was $19.81 in the Cleveland metro
- Rent in the Cleveland metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $19.79 in the Cleveland metro.
Retail
The average Asking Rent was $16.18 in the Cleveland metro
- Rent in the Cleveland metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $16.25 in the Cleveland metro.
VACANCY
Apartment
The average Vacancy Rate was 4.2% in the Columbus metro
- No vacancy change since year-end 2021 in the Columbus metro.
- The Columbus metro had the lowest vacancy level since Q3 2017.
- Vacancy is expected to finish 2022 at 4.3% in the Columbus metro.
Distribution / Warehousing
The average Vacancy Rate was 6.6% in the Columbus metro
- Vacancy in the Columbus metro has been in decline for six consecutive quarters.
- The Columbus metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.9% in the Columbus metro.
Flex / R&D
The average Vacancy Rate was 10.7% in the Columbus metro
- Vacancy in the Columbus metro declined by 270 basis points.
- The Columbus metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 9.9% in the Columbus metro.
Office
The average Vacancy Rate was 19.8% in the Columbus metro
- Vacancy in the Columbus metro declined by 130 basis points.
- The Columbus metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 20.0% in the Columbus metro.
Retail
The average Vacancy Rate was 10.5% in the Columbus metro
- The Columbus metro had the eighth lowest vacancy in the nation and the seventh lowest in the Midwest.
- Vacancy in the Columbus metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 10.8% in the Columbus metro.
RENT
Apartment
The average Asking Rent was $1,079 in the Columbus metro
- Rent in the Columbus metro was up 3.8% from year-end 2021.
- Columbus metro had its fastest rent rate of increase since Q3 1998.
- Rent is expected to finish 2022 at $1,109 in the Columbus metro.
Distribution / Warehousing
The average Asking Rent was $4.16 in the Columbus metro
- Rent in the Columbus metro was up 1.2% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Columbus metro.
- Rent is expected to finish 2022 at $4.29 in the Columbus metro.
Flex / R&D
The average Asking Rent was $6.42 in the Columbus metro
- Rent in the Columbus metro was up 0.6% from year-end 2021.
- Rent Has risen for eight consecutive quarters in the Columbus metro.
- Rent is expected to finish 2022 at $6.63 in the Columbus metro.
Office
The average Asking Rent was $19.80 in the Columbus metro
- Rent in the Columbus metro was up 0.4% from year-end 2021.
- Rent is expected to finish 2022 at $19.76 in the Columbus metro.
Retail
The average Asking Rent was $13.89 in the Columbus metro
- Rent in the Columbus metro was down 0.3% from year-end 2021.
- Rent is expected to finish 2022 at $13.96 in the Columbus metro.
VACANCY
Apartment
The average Vacancy Rate was 3.4% in the Dayton metro
- The Dayton metro had the sixth lowest vacancy in the nation and the fifth lowest in the Midwest.
- Vacancy in the Dayton metro drifted upward by 40 basis points.
- The Dayton metro had the highest vacancy level since year-end 2019.
Distribution / Warehousing
The average Vacancy Rate was 12.4% in the Dayton metro
- Vacancy in the Dayton metro rose by 250 basis points.
- The Dayton metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 9.2% in the Dayton metro.
Office
The average Vacancy Rate was 25.5% in the Dayton metro
- Vacancy in the Dayton metro has been in decline for six consecutive quarters.
- The Dayton metro had the lowest vacancy level since Q2 2010.
- Vacancy is expected to finish 2022 at 27.1% in the Dayton metro.
Retail
The average Vacancy Rate was 15.3% in the Dayton metro
- Vacancy in the Dayton metro drifted downward by 10 basis points.
- The Dayton metro had the lowest vacancy level since Q1 2020.
- Vacancy is expected to finish 2022 at 14.9% in the Dayton metro.
RENT
Apartment
The average Asking Rent was $874 in the Dayton metro
- Rent in the Dayton metro was up 2.7% from year-end 2021.
- Rent is expected to finish 2022 at $897 in the Dayton metro.
Distribution / Warehousing
The average Asking Rent was $3.76 in the Dayton metro
- Rent in the Dayton metro was up 1.3% from year-end 2021.
- Rent is expected to finish 2022 at $3.91 in the Dayton metro.
Office
The average Asking Rent was $15.25 in the Dayton metro
- Rent in the Dayton metro was up 0.3% from year-end 2021.
- Rent is expected to finish 2022 at $15.36 in the Dayton metro.
Retail
The average Asking Rent was $11.67 in the Dayton metro
- Rent in the Dayton metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $11.72 in the Dayton metro.
VACANCY
Apartment
The average Vacancy Rate was 3.9% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro drifted upward by 10 basis points.
- The Pittsburgh metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 4.0% in the Pittsburgh metro.
Distribution / Warehousing
The average Vacancy Rate was 3.2% in the Pittsburgh metro
- The Pittsburgh metro had the seventh lowest vacancy in the nation and the eighth lowest in the Northeast.
- Vacancy in the Pittsburgh metro declined by 130 basis points.
- The Pittsburgh metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 12.8% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro fell by 190 basis points.
- The Pittsburgh metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 12.0% in the Pittsburgh metro.
Office
The average Vacancy Rate was 19.4% in the Pittsburgh metro
- No vacancy change since year-end 2021 in the Pittsburgh metro.
- Vacancy is expected to finish 2022 at 20.0% in the Pittsburgh metro.
Retail
The average Vacancy Rate was 11.9% in the Pittsburgh metro
- No vacancy change since year-end 2021 in the Pittsburgh metro.
- Vacancy is expected to finish 2022 at 11.3% in the Pittsburgh metro.
RENT
Apartment
The average Asking Rent was $1,302 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 2.7% from year-end 2021.
- Rent is expected to finish 2022 at $1,342 in the Pittsburgh metro.
Distribution / Warehousing
The average Asking Rent was $4.98 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 1.0% from year-end 2021.
- Rent is expected to finish 2022 at $5.12 in the Pittsburgh metro.
Flex / R&D
The average Asking Rent was $8.91 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 1.6% from year-end 2021.
- Pittsburgh metro had its fastest rent rate of increase since Q2 2011.
- Rent is expected to finish 2022 at $9.19 in the Pittsburgh metro.
Office
The average Asking Rent was $23.26 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 0.3% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Pittsburgh metro.
- Rent is expected to finish 2022 at $23.34 in the Pittsburgh metro.
Retail
The average Asking Rent was $18.21 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $18.31 in the Pittsburgh metro.