Columbus Office Market Report – Q2 2015
The Columbus Office Market has started to pick up steam in the second quarter of 2015 with an overall positive net absorption of over 485,000 square feet. The “Class A” office product posted the majority of that with over 382,000 square feet of positive absorption, due in large part to the delivery of the Columbia Gas building, which was fully occupied at the time. Vacancy rates for Q2 decreased from 14.6% to just over 13% in the second quarter of 2015.
A notable sale during Q2 was the office building at 350 Worthington Rd. The property consists of 48,000 square feet and recorded a sale of $4,175,000.00.
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