Columbus Office Figures Q2 2026

The Columbus office market continued to strengthen in Q2 2026, with 93,000 sq. ft. of positive net absorption marking the sixth consecutive quarter of occupancy gains. Vacancy declined 20 basis points to 21.4%, down 140 basis points year-over-year, while availability tightened to 23.5%. Year-to-date absorption reached 207,000 sq. ft., reflecting sustained tenant demand across the market.

Leasing activity accelerated during the quarter, totaling 435,000 sq. ft.—nearly double the volume recorded in Q1 and up 36% from one year ago. Class A space accounted for nearly 80% of this quarter’s activity, while at the submarket level activity was led by Downtown, Easton and Dublin, including notable commitments from South College of Ohio, Total Quality Logistics and Burns & McDonnell. 

Market fundamentals continue to improve as supply pressures fade. Asking rents increased to a record $23.15 per sq. ft., up 4.0% year-over-year, while the construction pipeline declined to just 64,000 sq. ft. With limited new supply entering the market and demand remaining positive, Columbus continues to move toward a tighter operating environment.