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JLL Columbus Chart of the Week: November 23, 2015

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Rising demand across the Columbus office market has led to steady decreases in vacancy across both Class A and Class B assets. Class A vacancy currently stands at 9.7 percent, a decrease of 2.7 percent year-over-year. Meanwhile, Class B vacancy is 15.1 percent, a decline of 20 basis points year-over-year.

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JLL Columbus Chart of the Week: November 23, 2015

  1. 1. Limited construction fuels sustained vacancy decline Columbus • Rising demand across the Columbus office market has led to steady decreases in vacancy across both Class A and Class B assets. Class A vacancy currently stands at 9.7 percent, a decrease of 2.7 percent year-over-year. Meanwhile, Class B vacancy is 15.1 percent, a decline of 20 basis points year-over-year. Leasing activity has been animated with many tenants expanding their footprints. As a result, over 335,000 square feet of net absorption was recorded over the third quarter. Year-to-date absorption now sits at just over 800,000 square feet. Source: JLL Research Chart of the week: November 23, 2015 6.0% 10.0% 14.0% 18.0% 22.0% 2010 2011 2012 2013 2014 YTD 2015 Class A Class B Office Vacancy Rates

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