Cincinnati Office Figures Q3 2026

The market recorded a strong positive net absorption of 284,000 sq. ft. in Q3 2026, marking a decisive shift back Class A demand, including three downtown leases exceeding 20,000 sq. ft.

Class A assets accounted for all 617,000 sq. ft. of leasing activity among transactions exceeding 10,000 sq. ft., as demand accelerated to its highest level in the period from Q3 2023 through Q3 2026.

Sizeable renewals fueled leasing activity, including Western & Southern’s 126,000 sq. ft. space at 250 E 5th Street in the CBD.

Overall vacancy declined 60 basis points quarter-over-quarter to 20.2% in Q3 2026, driven by accelerating Class A demand.

Construction activity resumed in Q3 2026 with the groundbreaking of the 49,000 sq. ft. Montgomery Quarter Three office project in the Kenwood submarket.