Columbus Industrial Figures Q2 2026

The Columbus industrial market continued to post strong fundamentals in Q2 2026, recording 1.9 million sq. ft. of positive net absorption and reducing vacancy by 270 basis points year-over-year to 5.2%. While vacancy increased 20 basis points from the prior quarter following a wave of new deliveries, demand remained healthy, with year-to-date absorption reaching 5.5 million sq. ft. and availability declining to 6.8%.

Leasing activity totaled 5.8 million sq. ft. during the quarter, driven by several large occupier commitments, including Crane Worldwide Logistics and Aritzia. Strong demand continued to support rent growth, with average asking rents reaching $6.76 per sq. ft., up 9.7% from one year ago.

Construction activity accelerated during the quarter, with 2.7 million sq. ft. of deliveries—the market's largest quarterly completion total since Q2 2023—and the development pipeline expanding to 9.0 million sq. ft. Pickaway County and the Southeast submarket account for more than half of all space currently under construction, highlighting continued confidence in the region's long-term industrial growth prospects.