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 for sublease more than doubled on a yearly basis from 428,000 square feet (sf) to 964,000 sf. The majority of this sublease space was in suburban Class A buildings, including a 224,000-sf building in Mason, which became available in Q1 2022.
Q1 2022 MarketBeat Report
