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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 4.0% in the Cincinnati metro
- No vacancy change since Q2 2022 in the Cincinnati metro.
- The Cincinnati metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 4.1% in the Cincinnati metro.
Distribution / Warehousing
The average Vacancy Rate was 6.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 290 basis points.
- The Cincinnati metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 6.3% in the Cincinnati metro.
Flex / R&D
The average Vacancy Rate was 6.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 50 basis points.
- The Cincinnati metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.2% in the Cincinnati metro.
Office
The average Vacancy Rate was 20.6% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted upward by 20 basis points.
- The Cincinnati metro had the highest vacancy level since Q3 1995.
- Vacancy is expected to finish 2022 at 20.7% in the Cincinnati metro.
Retail
The average Vacancy Rate was 10.2% in the Cincinnati metro
- The Cincinnati metro had the eighth lowest vacancy in the nation and the ninth lowest in the Midwest.
- No vacancy change since Q2 2022 in the Cincinnati metro.
- The Cincinnati metro had the lowest vacancy level since year-end 2005.
RENT
Apartment
The average Asking Rent was $1,159 in the Cincinnati metro
- The Cincinnati metro had the second fastest rent growth in the nation, behind only Boston.
- Rent is expected to finish 2022 at $1,167 in the Cincinnati metro.
Distribution / Warehousing
The average Asking Rent was $4.47 in the Cincinnati metro
- Rent in the Cincinnati metro was up 3.0% from Q2 2022.
- Rent is expected to finish 2022 at $4.57 in the Cincinnati metro.
Flex / R&D
The average Asking Rent was $7.43 in the Cincinnati metro
- Rent in the Cincinnati metro was up 2.2% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Cincinnati metro.
- Rent is expected to finish 2022 at $7.57 in the Cincinnati metro.
Office
The average Asking Rent was $19.71 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $19.76 in the Cincinnati metro.
Retail
The average Asking Rent was $16.60 in the Cincinnati metro
- The Cincinnati metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $16.63 in the Cincinnati metro.
VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Cleveland metro
- The Cleveland metro had the seventh lowest vacancy in the nation and the ninth lowest in the Midwest.
- Vacancy in the Cleveland metro drifted downward by 20 basis points.
- The Cleveland metro had the lowest vacancy level since Q2 2017.
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 20.2% in the Cleveland metro
- Vacancy in the Cleveland metro drifted downward by 10 basis points.
- The Cleveland metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 20.5% in the Cleveland metro.
Retail
The average Vacancy Rate was 13.9% in the Cleveland metro
- Vacancy in the Cleveland metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 13.8% in the Cleveland metro.
RENT
Apartment
The average Asking Rent was $1,216 in the Cleveland metro
- Rent in the Cleveland metro was up 3.1% from Q2 2022.
- Rent is expected to finish 2022 at $1,226 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 $19.84 in the Cleveland metro
- Rent in the Cleveland metro was up 0.2% from Q2 2022.
- Rent is expected to finish 2022 at $19.89 in the Cleveland metro.
Retail
The average Asking Rent was $16.20 in the Cleveland metro
- The Cleveland metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $16.23 in the Cleveland metro.
VACANCY
Apartment
The average Vacancy Rate was 4.3% in the Columbus metro
- Vacancy in the Columbus metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 4.4% in the Columbus metro.
Distribution / Warehousing
The average Vacancy Rate was 4.2% in the Columbus metro
- Vacancy in the Columbus metro has been in decline for eight consecutive quarters.
- The Columbus metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 4.2% in the Columbus metro.
Flex / R&D
The average Vacancy Rate was 7.3% in the Columbus metro
- Vacancy in the Columbus metro declined by 60 basis points.
- The Columbus metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 6.9% in the Columbus metro.
Office
The average Vacancy Rate was 21.0% in the Columbus metro
- Vacancy in the Columbus metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 21.1% in the Columbus metro.
Retail
The average Vacancy Rate was 10.1% in the Columbus metro
- The Columbus metro had the fourth lowest vacancy in the nation and the sixth lowest in the Midwest.
- Vacancy in the Columbus metro drifted downward by 30 basis points.
- The Columbus metro had the lowest vacancy level since year-end 2003.
RENT
Apartment
The average Asking Rent was $1,128 in the Columbus metro
- Rent in the Columbus metro was up 3.0% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Columbus metro.
- Rent is expected to finish 2022 at $1,138 in the Columbus metro.
Distribution / Warehousing
The average Asking Rent was $4.64 in the Columbus metro
- Rent in the Columbus metro was up 3.6% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Columbus metro.
- Rent is expected to finish 2022 at $4.78 in the Columbus metro.
Flex / R&D
The average Asking Rent was $6.86 in the Columbus metro
- The Columbus metro had the fastest rent growth in the Midwest region, third most rapid in the nation.
- Columbus metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for ten consecutive quarters in the Columbus metro.
Office
The average Asking Rent was $19.94 in the Columbus metro
- The Columbus metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $19.99 in the Columbus metro.
Retail
The average Asking Rent was $13.97 in the Columbus metro
- Rent in the Columbus metro was up 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $13.99 in the Columbus metro.
VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Dayton metro
- Vacancy in the Dayton metro drifted upward by 10 basis points.
- The Dayton metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.2% in the Dayton metro.
Distribution / Warehousing
The average Vacancy Rate was 11.3% in the Dayton metro
- Vacancy in the Dayton metro drifted upward by 30 basis points.
- The Dayton metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 10.1% in the Dayton metro.
Office
The average Vacancy Rate was 26.1% in the Dayton metro
- Vacancy in the Dayton metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 26.8% 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 15.2% in the Dayton metro.
RENT
Apartment
The average Asking Rent was $911 in the Dayton metro
- Rent in the Dayton metro was up 2.7% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Dayton metro.
- Rent is expected to finish 2022 at $916 in the Dayton metro.
Distribution / Warehousing
The average Asking Rent was $4.19 in the Dayton metro
- The Dayton metro had the fastest rent growth in the Midwest region, twenty-ninth most rapid in the nation.
- Dayton metro had its fastest rent rate of increase since Q1 2017.
- Rent Has risen for six consecutive quarters in the Dayton metro.
Office
The average Asking Rent was $15.38 in the Dayton metro
- Rent in the Dayton metro was up 0.4% from Q2 2022.
- Rent is expected to finish 2022 at $15.46 in the Dayton metro.
Retail
The average Asking Rent was $11.70 in the Dayton metro
- The Dayton metro had the third fastest rent growth in the nation, and the second in the Midwest region, behind only St. Louis.
- Dayton metro had its fastest rent rate of increase three years.
- 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.
- Vacancy is expected to finish 2022 at 4.0% in the Pittsburgh metro.
Distribution / Warehousing
The average Vacancy Rate was 2.8% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro has been in decline for six consecutive quarters.
- The Pittsburgh metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 2.6% in the Pittsburgh metro.
Flex / R&D
The average Vacancy Rate was 13.5% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro declined by 100 basis points.
- The Pittsburgh metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 13.1% in the Pittsburgh metro.
Office
The average Vacancy Rate was 18.6% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro drifted downward by 40 basis points.
- The Pittsburgh metro had the lowest vacancy level since year-end 2017.
- Vacancy is expected to finish 2022 at 19.4% in the Pittsburgh metro.
Retail
The average Vacancy Rate was 12.5% in the Pittsburgh metro
- No vacancy change since Q2 2022 in the Pittsburgh metro.
- The Pittsburgh metro had the highest vacancy level since year-end 1994.
- Vacancy is expected to finish 2022 at 12.3% in the Pittsburgh metro.
RENT
Apartment
The average Asking Rent was $1,327 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 0.9% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Pittsburgh metro.
- Rent is expected to finish 2022 at $1,336 in the Pittsburgh metro.
Distribution / Warehousing
The average Asking Rent was $5.14 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 1.6% from Q2 2022.
- Pittsburgh metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2022 at $5.19 in the Pittsburgh metro.
Flex / R&D
The average Asking Rent was $9.16 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 1.6% from Q2 2022.
- Pittsburgh metro had its fastest rent rate of increase since Q2 2011.
- Rent is expected to finish 2022 at $9.25 in the Pittsburgh metro.
Office
The average Asking Rent was $23.58 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 0.3% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Pittsburgh metro.
- Rent is expected to finish 2022 at $23.62 in the Pittsburgh metro.
Retail
The average Asking Rent was $18.19 in the Pittsburgh metro
- The Pittsburgh metro had the second fastest rent growth in the nation, behind only Colorado Springs.
- Rent is expected to finish 2022 at $18.20 in the Pittsburgh metro.