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Cincinnati in Full-Out Expansion Mode

CINCINNATI—Cincinnati has now had positive absorption every quarter since the start of 2012, and by the end of this year, the market may have had its best year for new construction in 15 years.

By Brian J. Rogal | Updated on October 15, 2015

CINCINNATI—As reported in GlobeSt.com, Dermody Properties and Hillwood Investment Properties recently broke ground on an 898,560 square foot facility for Wayfair Inc. an online retailer, in the Northern Kentucky submarket. And that project helped make the third quarter one of the most active the Cincinnati metro region has seen in years.

“With a 4.9% availability rate, the market has been craving new space especially in the form of modern bulk warehouse,” according to a CBRE report on the latest quarterly data.

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