BY THE NUMBERS
CINCINNATI—The Greater Cincinnati industrial market continuesits streak with 914,432 square feet of positive net absorption inthe last quarter, according to a new report fromCBRE. “2017 was another strong year for theGreater Cincinnati and Northern KY industrial market with close tofive million square feet of positive net absorption and just overfive million square feet of new construction,” says TimSchenke, senior vice president at CBRE's Cincinnatioffice. “Rental rates and property values continue to rise due tosupply constraints and increasing demand from companies andinvestors alike, for quality warehouse facilities. In 2018, weexpect more of the same.” The Northern KY and Northeast submarketshad the largest amounts of gross absorption in the quarter with724,580 square feet and 717,921 square feet, respectively. Thevacancy rate increased 10 bps to 4.4%.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
