Cincinnati Office Figures Q2 2026

The Cincinnati office market reported 88,000 sq. ft. of negative net absorption in the second quarter, following the direct listing of Anthem Blue Cross Blue Shield’s 224,000 sq. ft. space in the Fields Ertel / Mason submarket.

Despite negative market activity, the CBD submarket picked up momentum, recording 78,000 sq. ft. of positive net absorption and 106,000 sq. ft. of Class A leasing volume driven by a 58,000 sq. ft. new lease at Columbia Plaza and Divisions’ 19,000 sq. ft. new lease at Huntington Center.

The Prime subset continued to outperform all other assets, leading the market with a net absorption of positive 65,000 sq. ft. and a vacancy of 11.9%.

Vacancy across the market recorded an uptick to 20.8%, up 86 basis-points (bps) quarter-over-quarter.

As office construction remains at a halt and occupiers continue to seek high-quality spaces, it is expected that any future projects keep capital focused on repositioning existing assets rather than new ground-up construction.