Cincinnati Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers, JLL, Newmark
Quarterly industrial market indicators for Cincinnati, aggregated by CREhunt from Cushman & Wakefield, CBRE, Colliers, JLL, Newmark. As of Q2 2026, average asking rent was $6.44/SF/yr and vacancy was 6.5%, per Cushman & Wakefield.
Projected current industrial pricing — Cincinnati
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Cincinnati industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $6.44/SF/yr | 6.5% | 1.6M SF | — | Cushman & Wakefield |
| Q2 2026 CBRE | $6.41/SF/yr | 4.0% | 4 SF | — | CBRE |
| Q1 2026 Colliers | — | 10.0% | 350.0M SF | — | Colliers |
| Q1 2026 CBRE | $6.13/SF/yr | 5.1% | 2.8M SF | — | CBRE |
| Q1 2026 JLL | $6.31/SF/yr | 5.8% | 2.9M SF | — | JLL |
| Q4 2025 CBRE | $6.20/SF/yr | — | — | — | CBRE |
| Q4 2025 Newmark | $6.21/SF/yr | 5.9% | 1.5M SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $6.32/SF/yr | 6.5% | — | — | Cushman & Wakefield |
| Q3 2025 Newmark | — | 1.5% | — | — | Newmark |
| Q2 2025 Newmark | — | 5.3% | -292K SF | — | Newmark |
| Q2 2025 Cushman & Wakefield | $6.29/SF/yr | 5.8% | — | — | Cushman & Wakefield |
| Q1 2025 Newmark | $6.21/SF/yr | 5.7% | 1.6M SF | — | Newmark |
| Q4 2024 Newmark | — | 6.2% | — | — | Newmark |
| Q3 2024 Newmark | — | 6.4% | — | — | Newmark |
| Q3 2024 Cushman & Wakefield | $6.29/SF/yr | 5.9% | 442K SF | — | Cushman & Wakefield |
| Q2 2024 Newmark | $6.22/SF/yr | 6.4% | 663K SF | — | Newmark |
| Q1 2024 Cushman & Wakefield | $6.25/SF/yr | 5.0% | 6 SF | — | Cushman & Wakefield |
| Q1 2024 Newmark | $6.10/SF/yr | 6.3% | 125K SF | — | Newmark |
| Q4 2023 Newmark | $6.15/SF/yr | 6.2% | -510K SF | — | Newmark |
| Q3 2023 Newmark | $6.03/SF/yr | 5.1% | — | — | Newmark |
| Q2 2023 Newmark | $6.02/SF/yr | 4.4% | 369K SF | — | Newmark |
| Q1 2023 Newmark | $5.87/SF/yr | 3.1% | — | — | Newmark |
| Q4 2022 Newmark | $5.86/SF/yr | — | — | — | Newmark |
| Q3 2022 Newmark | $5.35/SF/yr | 3.0% | 879K SF | — | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Cincinnati industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Central | $6.00/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| LIGHT INDUSTRIAL (W/D) Central | $5.84/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $6.19/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northern Kentucky | $6.21/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest | $7.08/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Cincinnati industrial did not fully agree. On vacancy, the sources span 2.5 points — from 4.0% (CBRE) to 6.5% (Cushman & Wakefield). Asking-rent estimates differ by $0.03/SF/yr — from $6.41/SF/yr to $6.44/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 4.0% | $6.41/SF/yr | — |
| Cushman & Wakefield | 6.5% | $6.44/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Cincinnati?
- As of Q2 2026, the average asking rent for industrial space in Cincinnati was $6.44/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Cincinnati?
- The industrial vacancy rate in Cincinnati was 6.5% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Cincinnati market data come from?
- This report aggregates quarterly industrial market data for Cincinnati from Cushman & Wakefield, CBRE, Colliers, JLL, Newmark.
- How much do brokerage estimates differ for industrial space in Cincinnati?
- For Q2 2026, the brokerage sources CREhunt aggregates for Cincinnati did not fully agree. On vacancy, the sources span 2.5 points — from 4.0% (CBRE) to 6.5% (Cushman & Wakefield). Asking-rent estimates differ by $0.03/SF/yr — from $6.41/SF/yr to $6.44/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.