BY THE NUMBERS
COLUMBUS—The Columbus office market had a strong start to 2017 with vacancy rates declining, an increase in asking rates and positive net absorption, according to CBRE Research. As reported in GlobeSt.com, the city has helped revive its CBD by transforming its riverfront into parkland. The metro area vacancy rates declined 48 bps to 12.3%. The market saw a total of 208,826 square feet of positive net absorption. This was largely driven by strong leasing activity and construction completions in the Dublin submarket. In first quarter, the market saw 956,844 square feet of office space under construction, and 74% is in the suburban submarkets. Notable investment sales included Group RMC's purchase of nine properties from Blackstone, totaling 1.1 million square feet for $77 million.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
