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office vacancy rates

Over $1 Billion in New Development Proposed in Downtown Columbus

Walker Evans Walker Evans Over $1 Billion in New Development Proposed in Downtown Columbus

"This is probably the most activity I've seen in Downtown in a couple of decades." — Marc Conte

The Downtown real estate market shows few signs of slowing down, according to the latest report from the Capital Crossroads Special Improvement District. Even though $116 million in new development projects were completed in 2016, there’s a collective $734 million still under construction at this moment, and another $1 billion in development still in the […]

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Downtown Office Vacancy Rate Drops to 12.1 Percent

Walker Evans Walker Evans Downtown Office Vacancy Rate Drops to 12.1 Percent

According to the latest data from the Capital Crossroads Special Improvement District, Downtown Columbus saw a continued decline in office vacancy rates, which have steadily fallen from 15.1 percent over the past two years, to a low of 12.1 percent in the fourth quarter of 2015. While the continued strong demand for office space is […]

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Downtown Office Vacancy Rate Holds Steady as New Tenants Move In

Walker Evans Walker Evans Downtown Office Vacancy Rate Holds Steady as New Tenants Move In

Last week, the Capital Crossroads Special Improvement District reported that the Downtown office vacancy rate held steady at 13.6%, only slightly up from the 13.2% rate reported in the fourth quarter of 2014, and still much lower than the 15.1% office vacancy rate reported in the first quarter of 2014. The numbers are a positive bellwether […]

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Downtown Office Vacancy Rates Now Lower Than Suburbs

Walker Evans Walker Evans Downtown Office Vacancy Rates Now Lower Than Suburbs

Over 232,000 square feet of vacant Downtown office space was leased and taken off the market in 2014, dropping the vacancy rate from 15.1% in the first quarter of the year to 13.2% in the final quarter. The drop brings the number below the overall suburban office market vacancy rate, which is currently pegged at […]

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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 […]

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The Mile on High Development off to a slow start

Walker Evans Walker Evans

The Dispatch wrote As holidays approach, mayor still looks for ways to pump new life into vacancy-riddled heart of city Sunday, November 23, 2008 By Mark Ferenchik In his State of the City address in March, Mayor Coleman announced a “Mile on High District.” It would be an incentive-laden plan to inject life into a […]

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