Demand remains strong in the CBD as vacancy continued its slow decline over the start of the year, falling to 12.9 percent, while outpacing the suburban market by over 2.0 percent.

1. CBD vacancy once again below suburban
Columbus
• Demand remains strong in the CBD as vacancy continued its slow decline over the start of the year,
falling to 12.9 percent, while outpacing the suburban market by over 2.0 percent. Continued interest in
the CBD is also evidenced by the increasing number of construction projects as of late. Columbia Gas
recently moved into its newly-constructed, 286,000-square-foot headquarters in the Arena District,
development continues on the market’s largest project currently under construction at 250 S. High, while
an additional, newly announced project at the Columbus Commons will add roughly 125,000 square feet
of Class A office space in the downtown area.
Source: JLL Research
Chart of the week: April 27, 2015
16.5%
15.2%
15.0%
16.0%
14.0%
12.9%
19.4%
17.7% 18.6%
15.5%
14.4%
15.1%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
2010 2011 2012 2013 2014 Q1 2015
CBD vacancy Suburban vacancy