Cincinnati 2Q 2020 Market Reports Released

Colliers | Cincinnati

Office and Industrial Market Report

2020 2Q Cincinnati Industrial Market

The outbreak of the COVID-19 pandemic and resulting
government-mandated shutdowns and economic fallout
combined to introduce uncertainty to the Cincinnati industrial
market. However, many trends, including the acceleration
of ecommerce activity and rapidly evolving supply chain
diversification strategies, lead many to forecast a spike in
demand for industrial real estate for the next two to five years.

Click here to read the full 2Q 2020 Industrial Report

 

2020 2Q Cincinnati Office Market

The Cincinnati office market posted a loss during the second
quarter of 2020 of approximately 135,000 square feet as market
activity took a pause during the statewide quarantine imposed
due to the COVID-19 pandemic in mid-March. As a result, overall
market vacancy increased by 20 basis points (bps) to 14.2%.

Click here to read the full 2Q 2020 Office Report

 

For more information contact: 

Loren DeFilippo
Director of Research | Ohio
loren.defilippo@colliers.com

 


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Loren DeFilippo

Director of Research | Ohio

Cincinnati

Loren oversees all  research activities for Colliers'  Ohio markets including, Cincinnati, Cleveland, Dayton and Akron/Canton.  His responsibilities include the collection, aggregation and analysis of data regarding office, industrial, retail and  multifamily asset classes, along with capital markets.  He prepares reports documenting current economic and commercial real estate market  conditions and provides forecasts to assist brokers  and clients in making informed business decisions. A firm believer in the power of knowledge, Loren utilizes research as a marketing tool in conjunction with the firm's marketing and business development efforts. Loren leverages  his 30+ years of career experiences as an architect, a broker specializing in the leasing and sale of office properties and market researcher to accelerate the success of our brokers, clients and stakeholders.

 

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