CINCINNATI—According to Xceligent's 1st Quarter 2014 Industrial Market Trends report for the area, Cincinnati and its suburbs started off the year with nearly 1.3-million-square-feet of positive net absorption.

Around Cincinnati, bulk warehouses accounted for 820,109-square-feet of absorption. High-quality bulk warehouse space has become scarce, especially in the key Northern Kentucky submarkets of Florence/Richwood and Airport, which Xceligent reports have vacancy rates of 0.5% and 1.7%, respectively, for these buildings.

But the report notes that “1.5 million square feet of speculative bulk warehouse space is scheduled for delivery during the spring providing opportunities for tenants who may otherwise search outside of the region for suitable space.”

To read the full report:

Click the button below for Xceligent's first quarter 2014 Market Trends report for the Cincinnati Industrial sector.