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SVNR Industrial Market Report - Columbus - Q217

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Published by Melissa Buckley, 2017-08-07 16:45:11

SVNR Industrial Market Report - Columbus - Q217

SVNR Industrial Market Report - Columbus - Q217

VACANCY RATES NET ABSORPTION CONSTRUCTION LEASE RATES

* Quarter-over-quarter comparison. Source: Xceligent®

SVN|RICORE INVESTMENT MANAGEMENT, INC. | 11500 NORTHLAKE DR. |CINCINNATI, OH 45249 | 513-272-6800 | WWW.SVN-RICORE.COM

Source: Joshua A. Harris, Ph. D., CRE, CCIM, CAIA | Managing Partner | Lakemont Group

The overall performance of the local economy and relatively low rates of vacancy should lead to
continued growth in rental rates and overall net operating incomes for Columbus industrial
properties. – Joshua A. Harris, Ph.D., CRE, CCIM, CAIA | Managing Partner at Lakemont Group

Source: Bureau of Labor Statistics

SVN|RICORE INVESTMENT MANAGEMENT, INC. | 11500 NORTHLAKE DR. |CINCINNATI, OH 45249 | 513-272-6800 | WWW.SVN-RICORE.COM

USE INVENTORY (SF) AVAILABLE (SF) VACANT (SF) VACANCY RATE QTRLY ABSORPTION (SF) YTD ABSORPTION (SF)

FLEX 26,619,212 1,610,840 1,021,659 3.8% 90,304 247,168

LIGHT INDUSTRIAL 48,656,727 2,245,918 1,717,677 3.5% -27,385 -12,297

MANUFACTURING 37,284,521 2,559,908 1,518,394 4.1% 107,348 11,116

WAREHOUSE/DIST. 159,175,236 14,655,955 10,498,661 6.6% -810,794 -1,159,117

OVERALL 271,735,696 21,072,621 14,756,391 5.4% -640,527 -913,130

Tenant Address Size Submarket

SUBMARKET | TYPE INVENTORY AVAILABLE SF VACANT SF VACANCY RATE QTRLY NET ABSORPTION (SF) YTD NET ABSORPTION (SF)

DELAWARE COUNTY 8,202,769 726,682 228,335 2.8% 97,734 91,594
FAIRFIELD COUNTY 9,339,619 658,972 651,142 7.0% -23,577 -203,577
3,161,628 0.0% 10,151
CBD 30,141,781 0 0 2.7% -139,030 0
EAST 22,126,594 1,077,450 807,049 3.4% 3,340 -134,076
NORTH 81,025,419 1,231,982 748,430 9.1% -783,391 -149,682
SOUTHEAST 21,685,594 9,510,499 7,358,932 3.4% 134,391 -807,815
SOUTHWEST 40,516,823 1,867,908 738,845 3.7% 175,680 54,248
WEST 28,501,229 2,743,345 1,504,509 8.0% -195,085 67,588
LICKING COUNTY 11,812,154 2,726,913 2,282,559 0.0% 0 -162,340
MADISON COUNTY 5,859,906 5.4% 0
PICKAWAY COUNTY 9,362,180 0 0 1.3% 79,260 0
UNION COUNTY 271,735,696 330,043 318,043 5.4% -640,527 178,370
OVERALL 198,827 118,547 152,560
21,072,621 14,756,391 -913,130
Source: Xceligent®

SVN|RICORE INVESTMENT MANAGEMENT, INC. | 11500 NORTHLAKE DR. |CINCINNATI, OH 45249 | 513-272-6800 | WWW.SVN-RICORE.COM

$6.00

$5.00

$4.00

$3.00

$2.00

$1.00

$0.00

DELAWARE FAIRFIELD EAST NORTH SOUTHEAST SOUTHWEST WEST LICKING COUNTY PICKAWAY UNION COUNTY
COUNTY COUNTY COUNTY

Source: Xceligent®

SVN|RICORE INVESTMENT MANAGEMENT, INC. | 11500 NORTHLAKE DR. |CINCINNATI, OH 45249 | 513-272-6800 | WWW.SVN-RICORE.COM


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