Columbus Commercial Market Report – Q1 2017

Columbus Commercial Market Report – Q1 2017

 

 

The Columbus Commercial Market saw negative absorption figures over both Industrial and Office during Q1 2017.

The Columbus Industrial Market recorded 339,807 Sq. Ft. of negative absorption, down from a positive net absorption of 1.8 Million Sq. Ft. during Q1 2016. Total vacancy rate as decreased from 6.2% to 5.2%. Under construction activity continued to be strong, at the close of Q1 2016 there were 3.8 Million Sq. Ft. under construction compared to over 2.4 Million Sq. Ft. at the close of Q1 2017.

The Columbus Office Market recorded 16,292 Sq. Ft. of negative net absorption which is down from the 212,00 Sq. Ft. recorded during Q1 2016. The total vacancy rate decreased from 11.5% compared to 11.2%. There are currently over 1 Million Sq. Ft. under construction.

If you are interested in finding out more about the Columbus Commercial Market, or need to find the perfect space for your company, contact the professionals at Rj BOLL Realty and discover why we’re Central Ohio’s Elite Commercial Real Estate Firm.

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Rj BOLL Realty Assists in Commercial Works’ Expansion

Rj BOLL Realty Assists in Commercial Works’ Expansion

 

 

Ray and Jeff Boll proudly represented Commercial Works, Inc. in the sale of its property at 255 S. Post Road, Indianapolis, IN.The 55,043 square foot building, situated on 5.5 acres, sold for $1,975,000. Commercial Works had outgrown this space, and was in need of a new facility.

Simultaneously, Ray and Jeff secured a long-term lease commitment for 88,576 square feet of warehouse/distribution space at 5150 Decatur Blvd. in Indianapolis, providing a quick, effective solution to Commercial Works’ expansion needs.

This disposition and acquisition facilitated by Rj BOLL Realty occurred in the short span of five months, allowing Commercial Works to seamlessly respond to its company’s growth.

About Commercial Works

Commercial Works is a business relocation specialist and commercial office furniture dealership specializing in the products, services, and management needed to provide a successful relocation. In over 40 years of business, Commercial Works has accumulated a broad range of experience, and refined the necessary skills to handle the challenges of any commercial relocation project. Commercial Works’ team provides creative options and high-quality, value-priced furniture through its “quick ship” program. Commercial Works has grown from a single location in Columbus, OH to a national service provider with eight additional regional offices: Charlotte, NC; Cincinnati, OH; Cleveland, OH; Indianapolis, IN; Louisville, KY; Orlando, FL; and Raleigh, NC.
Commercial Works

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