Insights

Take a deep dive into our local market updates

Insights

Take a deep dive into our local market updates

Q3 2024 MarketBeat Report

October 10 2024 | Cushman Team

Following a year of little to no change, the overall office vacancy rate in Greater Cincinnati increased to 26.0% in Q3 2024. On a YOY basis, overall vacancy increased by 70 basis points (bps), due mainly to vacancy growth in a select number of Class A buildings in the Central Business District (CBD). Of the […]

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Q2 2024 MarketBeat Report

July 15 2024 | Cushman Team

After significant increases between 2020 and mid-2023, the overall office vacancy rate in Greater Cincinnati has levelled off over the past year. In Q2 2024, the vacancy rate was 25.3%, which was virtually unchanged during the past four quarters. On a YOY basis, overall vacancy increased by 70 basis points (bps), due mainly to a […]

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Q1 2024 MarketBeat Report

April 10 2024 | Cushman Team

For the first time in six quarters, the overall office vacancy rate in the Greater Cincinnati market decreased on a quarter-by-quarter (QOQ) basis. In Q1 2024, the vacancy rate was 25.2%, which was a 100-basis point (bps) increase on a YOY basis, but a 20 bps decrease from the prior quarter. The YOY change was […]

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Q4 2023 MarketBeat Report

January 11 2024 | Cushman Team

The overall office vacancy rate in the Greater Cincinnati market has increased continuously for past five quarters, passing the 25.0% threshold in the process. In Q4 2023, the vacancy rate was 25.4%, which was a 300-basis point (bps) jump on a year-over-year (YOY) basis. The YOY change was due almost entirely to vacancy increases in […]

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Q3 2023 MarketBeat Report

October 16 2023 | Cushman Team

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 […]

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Q2 2023 MarketBeat Report

July 13 2023 | Cushman Team

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). […]

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Q1 2023 MarketBeat Report

April 12 2023 | Cushman Team

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 […]

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