Rising demand across the Columbus office market has led to steady decreases in vacancy across both Class A and Class B assets. Class A vacancy currently stands at 9.7 percent, a decrease of 2.7 percent year-over-year. Meanwhile, Class B vacancy is 15.1 percent, a decline of 20 basis points year-over-year.

1. Limited construction fuels sustained vacancy
decline
Columbus
• Rising demand across the Columbus office market has led to steady decreases in vacancy across
both Class A and Class B assets. Class A vacancy currently stands at 9.7 percent, a decrease of 2.7
percent year-over-year. Meanwhile, Class B vacancy is 15.1 percent, a decline of 20 basis points
year-over-year. Leasing activity has been animated with many tenants expanding their footprints. As a
result, over 335,000 square feet of net absorption was recorded over the third quarter. Year-to-date
absorption now sits at just over 800,000 square feet.
Source: JLL Research
Chart of the week: November 23, 2015
6.0%
10.0%
14.0%
18.0%
22.0%
2010 2011 2012 2013 2014 YTD 2015
Class A Class B
Office Vacancy Rates