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You'll experience forward-looking expertise that elevates value every step of the way

ABOUT THE TEAM

​ We simply think differently and that produces innovative outcomes

Michael R. Linder, SIOR
​ Brokerage Senior Executive Vice President | Principal
Direct +1 614 410 5628 | Mobile +1 614 207 3316
michael.linder@colliers.com
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Shane E. Woloshan, SIOR
Brokerage Senior Executive Vice President | Principal
Direct +1 614 410 5624 | Mobile +1 614 207 2882
shane.woloshan@colliers.com
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Joel R. Yakovac, SIOR
Brokerage Senior Executive Vice President | Principal
Direct +1 614 410 5654 | Mobile +1 614 657 1812
joel.yakovac@colliers.com
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Jonathan R. Schuen, SIOR
First Vice President
Direct +1 614 437 4495 | Mobile +1 614 579 4691
jonathan.schuen@colliers.com
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Kyle M. Ghiloni
Brokerage Associate
Direct +1 614 437 4515 | Mobile +1 614 633 8273
kyle.ghiloni@colliers.com
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Molly E. Crosby
Marketing Specialist
Direct +1 614 410 5293 | Mobile +1 419 406 0250
molly.crosby@colliers.com
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WHY COLUMBUS

Columbus Is A Top 10 Foreign Trade Zone & The Nation’s 2nd Lowest Effective Tax Rate For New Distributions Centers

Columbus is located within a 10-hour drive of 46 percent of the country’s population, making it a point of access for businesses and consumers. With access to top transportation networks like John Glenn International Airport, Rickenbacker International Airport, numerous rail terminals and national interstates, Columbus is a certified logistics hub. ​ No industry accounts for more than 18 percent of employment, meaning Columbus’ economy is more diversified than ever. The area is home to numerous Fortune 1000 and Fortune 500 companies, reinforcing its reputation as a firstclass business environment.

AVAILABLE PROPERTIES

​ Whether you’re a developer, investor, landlord, or tenant,

we are a partner who is invested in seeing you succeed

MARKET TRENDS REPORTS

Market Intelligence Is Vital In Making The Best Decisions For Your Business

​ Downloadable Archives

Columbus | INDUSTRIAL q4 2019 - REGIONAL SUMMARY

The Columbus industrial market finished 2019 with year-to-date net absorption* of 5,254,378 square feet, despite recording 126,048 square feet of negative absorption in the fourth quarter.​ This marks the first quarter of negative net absorption of the year, due to a record number of projects under construction but only three completions. Strong leasing activity and completed build-to-suit warehouses are expected to drive absorption positive in the first half of 2020. Vacancy increased slightly to 4.61 percent but is 24 basis points lower than it was at the end of last year, demonstrating steady growth in the industrial sector. Overall asking rates held steady at $3.51 per square foot, with rates for warehouse/distribution properties reaching $3.32 per square foot. In the fourth quarter, international retailers and 3PL providers were driving forces on the Central Ohio market, as Gap, Hollingsworth Logistics, Walmart and FedEx collectively took 800,000 square feet of space throughout the area. Demand for state of the art warehouse space propelled construction activity to 9.7 million square feet - the most there has ever been underway at once. The Columbus unemployment rate remained at 3.7 percent this quarter due to the city being considered at “full employment” compared to the rest of the country. GDP grew at 2.1 percent this year but is expected to soften slightly to 1.7 percent due to an upcoming election year. The industrial market can anticipate sustained growth in the future, as tenants, investors and developers continue to recognize Columbus as an international logistics hub.

*net absorption is calculated based on commencement date

 

© 2018 ​ ​ THe Columbus Industrial Team

Two Miranova Place, Suite 900. Columbus, Ohio 43215