The long-term vacancy growth trend in the Greater Cincinnati office market ended in the second quarter of 2022. Even though vacancy was nearly 300 basis points (bps) higher on a year-over-year (YOY) basis, the overall vacancy rate fell slightly from the prior quarter to 22.5% in Q2 2022.
Check out the Q2 2022 office space availabilities in Cincinnati’s CBD environment.
The first quarter of 2022 was the ninth consecutive quarter of increased overall vacancy in the Greater Cincinnati office market. Vacancy reached 22.7% in Q1 2022, the highest level seen in the market in nearly a decade. On a year-over-year (YOY) basis, vacancy increased by more than 300 basis points (bps). Vacant square footage available […]
The fourth quarter of 2021 marked the eighth consecutive quarter of increased overall vacancy in the Greater Cincinnati office market. Vacancy reached 21.6% in Q4 2021, a level last seen in the market in early 2018. On a year-over-year (YOY) basis, vacancy increased by more than 250 basis points (bps). Vacant square footage available for […]
Check out the Q4 2021 office space availabilities in Cincinnati’s CBD environment.
After reaching a ten-year low level before the start of the pandemic, overall vacancy in the Greater Cincinnati office market has risen in each of the past seven quarters to 20.7% vacancy in Q3 2021. On a year-over-year (YOY) basis, vacancy increased by nearly 300 basis points (bps). While vacancy rates substantially increased YOY in […]
After reaching a two-year high in Q1 of 18.4%, direct vacancy (which excludes sublease vacancy) in the Greater Cincinnati office market decreased slightly to 18.2% in Q2 2021. While lower than the prior quarter, vacancy was still 120 basis points (bps) higher on a year-over-year (YOY) basis. This difference in vacant space was evenly distributed […]
Direct vacancy (excluding sublease vacancy) in the Greater Cincinnati office market was 18.5% in Q1 2021, which was the highest level in more than two years. Vacancy increased by nearly 150 basis points (bps) on a year-over-year (YOY) basis, as the effects of COVID-19 were barely known in Q1 2020. In both the Central Business […]
Check out the Q1 2021 office space availabilities in Cincinnati’s CBD environment.