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Columbus, OH

Apartment
The 140,028-unit metro Columbus apartment market finished the fourth quarter of 2016 with a 3.7% vacancy rate, down 20 basis points from the prior quarter and down 100 basis points year-over-year. Monthly data from Reis show a 3.9% vacancy rate for February 2017. Reis reports fourth quarter average asking and effective rents of $856 and $816 per month, both up 0.3% over the quarter, and up 3.2% and 3.8%, respectively, over 12 months. VIEW APARTMENT LISTINGS >
Industrial
The 112.5-million-square-foot Columbus warehouse/distribution market finished the fourth quarter of 2016 with a vacancy rate of 12.8%, up 30 basis points for the quarter and down 50 over 12 months. The rate was 12.7% in February 2017. Asking and effective rents were up 0.3% in the fourth quarter to $3.60 psf and $3.27 psf, respectively, and were up 1.7% and 1.9% over 12 months. The 13.2-million-square-foot Flex/R&D market experienced stable occupancy in the fourth quarter, as vacancy remained unchanged at 18.2%. The rate is down 10 basis points year-over-year. The rate was 18.1% in February 2017. Fourth quarter average asking and effective rents, at $5.37 psf and $4.66 psf, were up 0.2% for the quarter and up 1.5% year-over-year. VIEW INDUSTRIAL LISTINGS >
Office
The 32.3-million-square-foot Columbus general purpose, multi-tenant office market posted a 17.4% vacancy rate in the fourth quarter of 2016. This rate was up 10 basis points from the quarter before and down 90 over the year. The February 2017 rate was 17.8%. Reis reports fourth quarter average asking and effective rents of $18.91 psf and $15.08 psf, up 0.3% each for the quarter, and up 1.6% and 1.8% over the year. Rents are up 0.3% for both categories in February. VIEW OFFICE LISTINGS >
Retail
The 27.4-million-square-foot Columbus community-neighborhood shopping center market finished the fourth quarter of 2016 with an 11.9% vacancy rate, down 30 basis points over the quarter and down 130 basis points over 12 months. The rate is 12.3% in February 2017. Reis reports average asking and effective community-neighborhood shopping center rents of $13.23 psf and $11.17 psf, up 0.2% each for the quarter, and up 0.4% and 0.5% over 12 months, respectively. Asking rents were flat through February, while effective rents rose one cent. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

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