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Market Insights

Located in the center of Ohio, Columbus is the 2nd largest city in the Midwest and the 14th-largest in the United States.

The region, whose population has never declined, is experiencing a period of tremendous growth and boasts some of the best business resources around.

Columbus Industrial Market Trends

Overhead View of Warehouse

The Columbus industrial market continued to push forward despite the effects from inflation. The market had over 1 million square feet of net absorption. The vacancy rate rose slightly from 5.61 percent to 5.96 percent and average asking rates rose slightly to $7.01.  

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National Industrial Market

Cargo Ship at Port

The U.S. industrial sector started to show signs of deceleration during the third quarter. While the development pipeline remains incredibly full and quarterly new supply achieved a new record during the quarter, demand is starting to wane for industrial product.

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