Cincinnati Office Figures Q1 2026

Net absorption shifted to positive 119,607 sq. ft., up 428,127 sq. ft. quarter-over-quarter, with both Class A and Class B assets recorded positive absorption at 32,953 sq. ft. and 37,055 sq. ft. respectively. 

Overall vacancy across all classes averaged 21.0%, down 160 bps quarter-over-quarter and 90 bps year-over-year.  

Availability moved in a similar but less pronounced range, easing 20 bps from Q4 2025 to 26.2% and remaining 40 bps above Q1 2025. 

Asking rents held stable, rising 0.3% quarter‑over‑quarter and 1.6% year‑over‑year to $20.63 per sq. ft. 

With no new projects entering the pipeline, office construction remains at a halt, following the 65,000 sq. ft. of completion in Q4 2025.