The overall office vacancy rate in the Greater Cincinnati market has increased steadily over the past four quarters, setting new record highs in the process. In Q3 2023, the vacancy rate reached a new record-high at 25.7%, which was a 290-basis point (bps) jump on a year-over-year (YOY) basis. While the vacancy increase was spread […]
For the fourth consecutive quarter, the overall office vacancy rate in the Greater Cincinnati market exceeded the 22.0% threshold. Following revisions to recent historical data, the Q2 2023 vacancy rate set a record high for the market at 23.7%. On a year-over-year (YOY) basis, Q2 2023 vacancy increased by more than 250 basis points (bps). […]
Following a year of fluctuating vacancy, 2023 in Greater Cincinnati began with a record-high overall vacancy rate of 24.2%. On a year-over-year (YOY) basis, Q1 2023 vacancy increased by nearly 200 basis points (bps). Both the Central Business District (CBD) and suburban submarkets saw yearly vacancy rate increases, although Class A suburban buildings accounted for […]
Check out the Q4 2022 office space availabilities in Cincinnati’s CBD environment.
After reaching its highest point in eight years in Q3 2022 (23.4%), the overall vacancy rate in the Greater Cincinnati office market decreased in the fourth quarter of 2022 to 23.3%. Despite a slight quarterly decline, Q4 vacancy was still 190 basis points (bps) higher on a year-over-year (YOY) basis. Of the 8.0 million square […]