Cincinnati Industrial Team

Delivering top results


The Cincinnati Industrial Team is part of Colliers International in Greater Cincinnati and specializes in bulk warehouse, distribution/logistics, manufacturing, warehousing and service center brokerage services.

Our team-based service approach, coupled with extensive market knowledge and research, allows us to uncover all options and opportunities.  The Cincinnati Industrial Team will incorporate your short-term and long-term business goals into each transaction.  Involvement with multiple commercial real estate organizations enables our team to expand its knowledge of the industry, remain apprised of trends and technological innovation, secure cooperating real estate relationships and understand legal issues impacting the marketplace.

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3Q 2017 industrial market

Vacancy rate: 4.1%
Absorption: +129,510 SF  
Construction: over 3.94 MSF

 

Vacancy The overall market vacancy rate increased for the second consecutive quarter due to the delivery of new vacant speculative product. Even so, the current vacancy of 4.1 percent remains well below historical averages. The addition of new supply, coupled with newly vacated spaces, resulted in an increase in vacancy in the bulk warehouse and warehouse/distribution sectors to 5.3 and 4.5 percent, respectively. The supply of good quality freestanding industrial buildings remains limited as there are only 34 buildings larger than 20,000 square feet currently available.

Absorbtion The Cincinnati industrial market recorded a slight gain in occupancy during the third quarter of just less than 130,000 square feet, bring the year-to-date total to 4.46 million square feet. The quarter’s slowdown in activity doesn’t appear to be a long term trend. There are currently 36 tenants searching for space in excess of 100,000 square feet, many of which began their site search within the past few months. The largest gain was in the I-71 North submarket where Premier Packaging occupied 164,175 square feet at 4219 State Route 42, while the Airport submarket posted the largest loss of 253,664 square feet primarily due to SKS Logistics vacating 253,664 square feet at Southpark Bldg 5.

Contruction Since the end of the recession, new projects have been completed totaling 15.5 million square feet, while net absorption has equaled roughly 29 million square feet. During this timeframe, vacancy plummeted by 6.3 percentage points. Immediately following the recession, developers took a very cautious approach to speculative construction for a number of years. As demand continued to outpace new supply, construction activity accelerated, reaching a 10 year high of 4.6 million square feet last year. We project a total of 3.5 million square feet to be completed by the end of 2017, while an additional 3.9 million square feet is currently under construction or scheduled to commence shortly


To learn more, read the complete Q3 Industrial Research & Forecast Report for the Greater Cincinnati Region. 

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What we do

Tenant/buyer representation

  • Property selection and evaluation
  • Lease negotiations
  • Tenant space planning and improvements

 

Built-to-suit

  • Analysis and selection of built-to-suit strategy
  • Lease vs. own analysis
  • Site selection, evaluation and cost estimating

 

Landlord/Seller Representation

  • Lease rate analysis
  • Negotiation of lease or purchase transaction
  • Tenant space planning and improvements

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