Cincinnati Industrial Figures Q4 2025

Total leasing volume (including renewals) hit 4.3 million square feet (sq. ft.) during the fourth quarter, led by Stord Fulfillment signing two leases over 500,000 sq. ft. in the Northern Kentucky submarket with Link Industrial.

The Cincinnati industrial market posted 143,124 sq. ft. of positive absorption in the fourth quarter, ending 2025 with a year-to-date absorption of positive 1.1 million sq. ft.

Northern Kentucky led the quarter with 2.4 million sq. ft. of total leasing volume and 705,985 sq. ft. positive absorption. The second largest new deal of the quarter was Crane Logistic’s 264,000 sq. ft. lease with LBA in Florence, KY.

511,539 sq. ft. of construction delivered this quarter, including Niagara Bottling's 438,800 sq. ft. build-to-suit at 1731 Garvey Ave in the Northern Kentucky submarket. Under construction activity has remained reduced at around 1.7 million sq. ft with the addition of five new projects this quarter.

The Cincinnati industrial average asking lease rate remained stable at $6.20 per sq. ft. in Q4, up $0.02 per sq. ft. year-over-year.