Cincinnati Office Figures Q4 2025

Net absorption in the Cincinnati office market declined this quarter to negative 290,134 square feet (sq. ft.) after sizeable availabilities at The US Bank Tower.

3CDC completed office renovations on the former Saks department store downtown, adding an additional 65,000 sq. ft. to inventory.

The Cincinnati office market leasing activity totaled 296,077 sq. ft. in the fourth quarter, down 45.1% quarter-over-quarter.

Average asking rent was $20.54 per sq. ft. at the close of Q4 2025, up $0.05 per sq. ft. quarter-over-quarter and $0.25 per sq. ft. year-over-year.

In Q4 2025 the overall office vacancy rate recorded a slight increase of 80 basis points (bps) quarter-over-quarter to 21.4%.