Columbus Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, JLL, Newmark, Colliers
Quarterly office market indicators for Columbus, aggregated by CREhunt from CBRE, Cushman & Wakefield, JLL, Newmark, Colliers. As of Q2 2026, average asking rent was $23.15/SF/yr and vacancy was 21.4%, per CBRE.
Projected current office pricing — Columbus
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Columbus office yet, so this applies the typical cap rate across comparable office 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 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~78% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $23.15/SF/yr | 21.4% | — | — | CBRE |
| Q2 2026 Cushman & Wakefield | $22.44/SF/yr | 22.9% | — | — | Cushman & Wakefield |
| Q1 2026 JLL | $22.92/SF/yr | 19.1% | 146K SF | — | JLL |
| Q1 2026 CBRE | $22.67/SF/yr | 20.0% | — | — | CBRE |
| Q1 2026 Cushman & Wakefield | $21.52/SF/yr | 23.1% | 31K SF | — | Cushman & Wakefield |
| Q1 2026 Newmark | $23.12/SF/yr | 20.7% | 98K SF | — | Newmark |
| Q4 2025 Newmark | $22.19/SF/yr | 20.0% | 396K SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $22.40/SF/yr | 23.5% | — | — | Cushman & Wakefield |
| Q4 2025 CBRE | $22.65/SF/yr | — | — | — | CBRE |
| Q2 2025 Newmark | $21.77/SF/yr | 21.4% | 317K SF | — | Newmark |
| Q4 2024 Newmark | $16.96/SF/yr | 21.8% | 311K SF | — | Newmark |
| Q3 2024 Newmark | — | 22.4% | 125K SF | — | Newmark |
| Q2 2024 Newmark | $21.92/SF/yr | 22.7% | 711K SF | — | Newmark |
| Q1 2024 Newmark | $90.09/SF/yr | 24.1% | — | — | Newmark |
| Q3 2023 Newmark | $21.49/SF/yr | 24.3% | 0 SF | — | Newmark |
| Q4 2020 Cushman & Wakefield | $20.75/SF/yr | 20.3% | 20 SF | 2K SF | Cushman & Wakefield |
| Q3 2020 Cushman & Wakefield | $20.73/SF/yr | 19.2% | -606K SF | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | — | — | 2K SF | 2 SF | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $19.54/SF/yr | 15.3% | 37K SF | — | Cushman & Wakefield |
| Q2 2017 Colliers | $50.06/SF/yr | — | 56K SF | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Columbus office 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 |
|---|---|---|
| Airport | $17.45/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Arena District CBD | $32.63/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Arlington-Grandview NORTHWEST | $21.12/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Bexley/Whitehall | $14.12/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Brewery District CBD | $20.32/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Busch NORTH | $15.80/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Crosswoods NORTH | $20.77/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $25.10/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Downtown South CBD | $27.68/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Dublin | $21.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Dublin NORTHWEST | $20.40/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Easton | $25.77/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Easton NORTHEAST | $26.64/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Gahanna | $20.01/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Gahanna NORTHEAST | $20.31/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Grandview | $25.20/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Grant-Washington CBD | $20.01/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Hilliard | $17.71/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Hilliard-West NORTHWEST | $22.10/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| N. High Street CBD | $31.94/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| New Albany | $22.91/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| New Albany NORTHEAST | $23.07/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North | $20.83/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North High NORTH | $21.38/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $22.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest | $20.66/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Polaris | $22.17/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Polaris NORTH | $22.59/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Reynoldsburg | $13.95/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Sawmill NORTHWEST | $17.80/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Tuttle NORTHWEST | $20.94/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Upper Arlington | $22.18/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Westar NORTH | $21.60/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westerville | $16.69/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Westerville NORTHEAST | $17.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Worthington | $19.66/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Worthington NORTH | $20.62/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Columbus office did not fully agree. On vacancy, the sources span 1.5 points — from 21.4% (CBRE) to 22.9% (Cushman & Wakefield). Asking-rent estimates differ by $0.71/SF/yr — from $22.44/SF/yr to $23.15/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 22.9% | $22.44/SF/yr | — |
| CBRE | 21.4% | $23.15/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Columbus?
- As of Q2 2026, the average asking rent for office space in Columbus was $23.15/SF/yr, per CBRE.
- What is the office vacancy rate in Columbus?
- The office vacancy rate in Columbus was 21.4% as of Q2 2026 (CBRE).
- Where does CREhunt's Columbus market data come from?
- This report aggregates quarterly office market data for Columbus from CBRE, Cushman & Wakefield, JLL, Newmark, Colliers.
- How much do brokerage estimates differ for office space in Columbus?
- For Q2 2026, the brokerage sources CREhunt aggregates for Columbus did not fully agree. On vacancy, the sources span 1.5 points — from 21.4% (CBRE) to 22.9% (Cushman & Wakefield). Asking-rent estimates differ by $0.71/SF/yr — from $22.44/SF/yr to $23.15/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.