BY THE NUMBERS
CINCINNATI—Colliers International just released a report on the top ten emerging industrial markets in the US. Several Midwest metros, including Cincinnati, Kansas City and Indianapolis. As reported in GlobeSt.com, the Cincinnati industrial market has become a highly desirable location for e-commerce firms due to its central location, large workforce and excellent transportation advantages. In addition, Amazon has chosen the metro's airport as the site for its air hub. “After peaking at nearly 10.4% in 2009, vacancies have declined substantially, finishing 2017 at 4.2%, 0.6 percentage points lower than the previous year and the lowest vacancy rate in a decade,” Colliers says. “The Cincinnati industrial market recorded positive net absorption of 5.1 million square feet in 2017, the eighth consecutive year absorption was positive.” And “as of year-end, tenant requirements totaled 11 million square feet suggesting high levels of net absorption and decreasing vacancy during the first two quarters of 2018.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
