Office Market Sees Lowest Vacancy Rate since 2009, Reports Cushman & Wakefield
CINCINNATI, July 7, 2016 – Cushman & Wakefield announced today that the Cincinnati industrial market continued its strong performance in the second quarter, and has now posted 20 consecutive quarters of positive net absorption.
“The big question in Cincinnati real estate through the end of the year is whether major occupiers will materialize for the nearly 2.5 million square feet of bulk industrial space scheduled to be completed,” said Doug Bolton, Managing Principal for Cushman & Wakefield in Cincinnati-Dayton. “Short of some major new-to-town occupiers, the industrial vacancy rate and absorption numbers may turn slightly softer for the first time in at least five years. But there is as good of a chance that absorption remains strong and on pace.”