Market activity slows, but outlook remains positive
Author: Loren DeFilippo
Date Published: 10/02/2017
The Cincinnati office market has made a dramatic recovery since the end of the Great Recession, recording an occupancy gain of nearly 4.4 million square feet and a decrease in overall vacancy of 7.3 percentage points. This year’s slowdown is surprising in light of the accelerated growth in employment in the office-using sectors. Nearly 10,000 jobs have been created in these sectors over the past 12 months, a year-over-year increase of 4.1 percent.