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Cincy Industry Sees Most Demand Since 2005

CINCINNATI—The metropolitan area has now had ten consecutive months of positive net absorption and the vacancy rate has fallen below pre-recession levels.

By Brian J. Rogal | Updated on January 02, 2014

CINCINNATI—The economic recovery has begun lifting many Midwestern cities, and the Cincinnati area is no exception. According to a new report from the commercial real estate firm Cassidy Turley, the industrial sector there had a very active fourth quarter, with more than 615,000-square-feet of net absorption. It was the tenth consecutive quarter of positive net absorption.

“Demand for industrial space across Greater Cincinnati was impressive throughout 2013,” says Jarrett Hicks, senior research analyst for Cassidy Turley’s Cincinnati office. “Overall net absorption totaled nearly 5.2 million square feet for 2013, signifying the highest level of demand since 2005.”

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