Cincinnati Office Figures Q2 2025

The Cincinnati Office market posted 52,914 sq. ft. of negative net absorption in Q2 2025, due to major move outs from CR Architecture and Bricker Graydon.

Leasing activity remained steady with 375,562 sq. ft. of total transaction volume in the second quarter of 2025. PricewaterhouseCoopers led leasing activity with a 30,173 sq. ft. renewal at 201 E 5th Street.

Saks Fifth Avenue building with 65,000 sq. ft. remains under renovation and is expected to be complete later this year. Relocating their headquarters from Norwood to the CBD, Paycor will occupy approximately 40,000 sq. ft. of office space on the second floor of the building upon completion.

The overall market average asking rate increased $0.18 to $20.44 per sq. ft. as tenants continue to demand high-quality assets.