Downtown, suburban vacancy rates ease
From Business First of Columbus:
Downtown Columbus finished the year with a slightly lower vacancy rate than 2007, bucking a national trend – but barely, according to a report from brokerage network Colliers International.
Colliers in its quarterly snapshot of major metropolitan areas’ downtown vacancies found Columbus’ rate stood at 13.1 percent, down slightly from 13.4 percent at the end of 2007. Vacancy rates in Ohio’s other two largest cities were higher than Columbus. Cleveland’s rate fell to 16.4 percent from 17 percent over the year, while downtown Cincinnati’s rate held steady at 17.3 percent.