Columbus Industrial Market Report – Q2 2015

The Columbus Industrial Market continues to perform well into the second quarter of 2015 with a positive net absorption of 294,635 square feet. The overall market vacancy rate declined to 5.6%, down 0.1% from the previous quarter. Asking rates have remained constant, hovering around $3.10 NNN per square foot.

The Columbus Industrial market is expanding with over 3 million square feet of warehouse space under construction. Notable projects range from 250,000 square feet up to over 1 million square feet and are primarily focused in the southwest, southeast, and east sub-markets.
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