Columbus Office Figures Q4 2023
January 5, 2024 10 Minute Read
Activity continues to be primarily focused in suburban markets. Activity was primarily focused in the Dublin, Easton, and Worthington submarkets which posted a combined 195K sq. ft. of leases signed.
Sublease transaction activity accounted for 37% of total transactions, or 118K sq. ft. leased. The Columbus office market recorded positive absorption for the first time since Q1 2020. This is due to Arlington Gateway completing and few large move outs. The largest move out was First Merchants relocating from 3650 Olentangy River Rd to Arlington Gateway.