(To read more on the net lease market, click here.)

COLUMBUS-With more than 40 million sf of rentable office space,the Columbus market has kicked off the year with positive netabsorption reaching nearly 200,000 sf. The vacancy rate, whichcontinues to hover in the 17% range, is expected to fall as "windowshoppers" ink deals into fruition, say brokers with the localoffice of Grubb and Ellis.

During the first quarter, Cleveland-based Advanced BusinessCapital announced plans to relocate to the Columbus MSA. PeakPerformance Solutions Incorporated relocated its headquarters fromNew Jersey to Pickaway County and received a $100,000 BusinessDevelopment Grant, and JPMorgan Chase completed the switch overfrom the Bank One brand by the end of the first quarter for allbranches and office buildings. Most recently, OhioHealth announcedit will relocate its headquarters during the fourth quarter of 2006to the Borden Building, located at 180 E. Broad St., occupyingapproximately 90,000 sf.