Job Growth in Cincinnati Surges Past National Average
Leisure and Hospitality Is Key Driver of Gains
A boom in the once-grim leisure and hospitality sector has helped propel job growth in Cincinnati past the U.S. average, with nearly all industries in the Queen City posting gains ...
Office Development in Cincinnati Falls to Lowest Level on Record
A Notable Completion in Newport Helped to Drive Decline
Office development in the Cincinnati area has now fallen to its lowest level on record, thanks in part to a recent completion in Newport, Kentucky, that removed roughly 100,000 squ...
Multifamily Development Activity Remains Elevated in Boston but Trending Lower
Demand for Apartments Likely To Fall Short as Region's Multifamily Market Expected To Remain Relatively Tight
The multifamily pipeline has continued to trend lower in Boston, declining 20% from where it stood one year ago. However, with the pipeline at 14,160 units, that still represents a...
Limited Availability of Retail Space in Boston Dampens Leasing Activity
Burlington Tops List of Most-Active Retailers With Two Leases Signed
The limited availability of retail space in desired locations is weighing on leasing activity in Boston, with just around 2.1 million square feet of retail space leased for the yea...
Boston Has One of the Most Active Office Development Pipelines in North America
Majority of Space Underway Is Targeting Life Sciences Tenants
While demand for office space continues to weaken, Boston’s development pipeline is gushing near record levels with 18.7 million square feet of new space underway. This represents ...
Boston Office Tenants Continue to Shed a Record Amount of Space
Available Sublease Space Nearly Triple the Amount From Early 2020
Boston’s office market has continued to weaken further as we move through 2023, with office tenants continuing to shed space and vacancy rapidly increasing. Since the beginning of ...
Triple-Net Sales Remain Key Driver of Cincinnati’s Retail Sector
Transaction Activity Still Within Range of Longer-Term Norms
While down from prior-year levels, investment in Cincinnati’s retail sector is holding up well, totaling about $210 million in the first half of 2023. This represents a decline of ...
Small-Bay Industrial Space Remains in Very Short Supply
Limited Availability in Boston Has Helped To Drive Time on Market to Record Low
While vacancy in the broader industrial space market is now at a four-year high, vacancy in Boston’s small-bay segment remains near a record low. At just 2.2%, the vacancy rate for...
Development of Smaller Industrial Properties Remains Limited in Dayton
Low Vacancy, Meanwhile, Is Driving Down Time on Market
While vacancy in the broader market is now at a seven-year high, vacancy in Dayton, Ohio’s small-bay industrial segment remains near a record low.
Industrial Development in Cincinnati Focuses on the Biggest Boxes
Small-Bay Vacancy, Meanwhile, Sits Near Record Lows
Industrial developers in Cincinnati are focusing the bulk of their activity on larger warehouses, though it is the smaller properties that have seen vacancies dip over the past yea...
Development of Small-Bay Industrial Space Remains Limited in Indianapolis
Time on Market Is Decreasing As Companies Race for Space
While demand in the broader industrial sector is abating, there is no hint of a slowdown in Indianapolis’ small-bay segment. At just 2.2%, the vacancy rate for properties less than...
Cincinnati Retail Vacancy Hits Multiyear Low
The Pipeline Is Also Expanding, Now at Four-Year High
Retail vacancy in Cincinnati now sits at a multiyear low, as retailers continue to scoop up space in the market.
Retail Leasing Activity Picks Up the Pace in Dayton
Vacancy Now Sits at the Lowest Point on Record
Retail market fundamentals in Dayton, Ohio, remain solid, with steady demand driving vacancy to its lowest point on record at just 3.6% as of July.
With Limited Space Available, Retail Leasing Slows in Indianapolis
Texas-Based Sporting Goods Chain Signs Year’s Top Lease to Date
The Indianapolis market is facing a record-low amount of available retail space, and the limited space is weighing on leasing activity in the market.
Multifamily Development Activity Remains Near Peak Levels in Indianapolis
Demand for Apartments Is Increasing, but Unlikely To Keep Pace With New Supply
Nearly 8,200 multifamily units are underway in Indianapolis, just below last year’s record-setting peak. The current pipeline represents a notable 5% of the current apartment inven...
Indianapolis Sees Strong Summer Start to Office Leasing
Leasing Activity Is Up but Downsizing Remains the Name of the Game
The summer is off to a strong start in Indianapolis, with office space leased and recorded by quarter-end totaling around 280,000 square feet, a 10-month high. One large lease was ...
Multifamily Development in Dayton Well Below Neighboring Cincinnati, US Overall
Activity Returns to Modest Historical Norms
After hitting a record-setting pace in 2022, multifamily development activity in Dayton, Ohio, is moderating.
Columbus, Ohio's Retail Sector Continues to Attract Investment
Investors Remain Focused on Grocery-Anchored and Single-Tenant Net Leased Assets
While moderating a bit from the pace set in the second half of 2022, retail property sales in the Columbus, Ohio, region have held up well. Almost $220 million in retail properties...
Office Sublease Availability Hits 10-Year High in Dayton
Market Still Compares Favorably to Most Regional Peers
Office sublease availability has continued to increase in Dayton, Ohio, falling in line with national trends.
Office Sublease Availability Is Moving in the Right Direction in Cincinnati
Leasing Activity Has Been Key to the Market’s Favorable Trends
While office sublease availability continues to move higher nationally, it may have peaked in Cincinnati.