Columbus Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, JLL, Colliers, Newmark, Lee & Associates
Quarterly industrial market indicators for Columbus, aggregated by CREhunt from CBRE, Cushman & Wakefield, JLL, Colliers, Newmark, Lee & Associates. As of Q2 2026, average asking rent was $6.76/SF/yr and vacancy was 5.2%, per CBRE.
Projected current industrial pricing — Columbus
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 CBRE data (cap rate 4.0%, asking rent trend-adjusted to today). Assumes ~95% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $6.76/SF/yr | 5.2% | — | — | CBRE |
| Q1 2026 Cushman & Wakefield | $6.97/SF/yr | 4.6% | 855K SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $6.13/SF/yr | 4.0% | 3.0M SF | — | JLL |
| Q1 2026 CBRE | — | 3.7% | — | — | CBRE |
| Q1 2026 Colliers | — | 4.0% | 5K SF | — | Colliers |
| Q4 2025 Newmark | $6.05/SF/yr | 7.2% | 3.3M SF | — | Newmark |
| Q4 2025 Colliers | $7.50/SF/yr | 7.8% | — | — | Colliers |
| Q4 2025 CBRE | $5.82/SF/yr | — | — | 653K SF | CBRE |
| Q3 2025 Newmark | $6.13/SF/yr | 7.7% | 3.5M SF | — | Newmark |
| Q2 2025 Newmark | $6.11/SF/yr | 8.7% | 205K SF | — | Newmark |
| Q4 2024 Newmark | $5.80/SF/yr | — | — | — | Newmark |
| Q3 2024 Lee & Associates | $6.89/SF/yr | 7.0% | 1.4M SF | — | Lee & Associates |
| Q3 2024 Newmark | $5.93/SF/yr | 8.2% | 2.7M SF | — | Newmark |
| Q2 2024 Newmark | — | 7.8% | 273K SF | — | Newmark |
| Q1 2024 Newmark | $5.89/SF/yr | 7.7% | — | — | Newmark |
| Q4 2023 Newmark | $5.49/SF/yr | 6.2% | 1.9M SF | — | Newmark |
| Q3 2023 Newmark | — | 5.7% | 2.1M SF | — | Newmark |
| Q2 2022 Colliers | $4.61/SF/yr | 1.6% | 3.5M SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $3.95/SF/yr | 5.1% | — | 12 SF | Cushman & Wakefield |
| Q3 2020 Colliers | — | 3.4% | 4.0M SF | — | Colliers |
| Q3 2020 Cushman & Wakefield | $4.16/SF/yr | 5.5% | — | -2K SF | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $3.93/SF/yr | 4.8% | 2K SF | 2 SF | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $3.62/SF/yr | 5.8% | 1.8M SF | — | Cushman & Wakefield |
| Q3 2019 Colliers | — | 10.0% | 350.0M SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Columbus 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 | $6.49/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East | $7.81/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Licking County | $6.62/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Madison County | $6.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast | $7.49/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast | $6.26/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest | $5.17/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Union County | $8.86/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West | $6.87/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Columbus industrial did not fully agree. On vacancy, the sources span 0.9 points — from 3.7% (CBRE) to 4.6% (Cushman & Wakefield). Asking-rent estimates differ by $0.84/SF/yr — from $6.13/SF/yr to $6.97/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 4.0% | — | — |
| CBRE | 3.7% | — | 4.0% |
| JLL | 4.0% | $6.13/SF/yr | — |
| Cushman & Wakefield | 4.6% | $6.97/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Columbus?
- As of Q2 2026, the average asking rent for industrial space in Columbus was $6.76/SF/yr, per CBRE.
- What is the industrial vacancy rate in Columbus?
- The industrial vacancy rate in Columbus was 5.2% as of Q2 2026 (CBRE).
- Where does CREhunt's Columbus market data come from?
- This report aggregates quarterly industrial market data for Columbus from CBRE, Cushman & Wakefield, JLL, Colliers, Newmark, Lee & Associates.
- How much do brokerage estimates differ for industrial space in Columbus?
- For Q1 2026, the brokerage sources CREhunt aggregates for Columbus did not fully agree. On vacancy, the sources span 0.9 points — from 3.7% (CBRE) to 4.6% (Cushman & Wakefield). Asking-rent estimates differ by $0.84/SF/yr — from $6.13/SF/yr to $6.97/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.