Region’s industrial vacancy rate decreases to 6.3 percent
Colliers Turley Martin Tucker Cincinnati, a commercial real estate firm, says the industrial vacancy rate in the Cincinnati market dropped to 6.31 percent during the quarter, down from 6.56 percent in the last quarter of 2007.
More of the region’s industrial space became occupied in the first quarter of 2008, says Colliers Turley Martin Tucker Cincinnati. The commercial real estate firm says the industrial vacancy rate in the Cincinnati market dropped to 6.31 percent during the quarter, down from 6.56 percent in the last quarter of 2007.
The firm says it expects 2.7 million square feet of industrial construction to be completed in the region this year. It also says it expects industrial vacancy rates to remain steady throughout the year and for construction to increase along the Interstate 75 corridor and around the Cincinnati/Northern Kentucky International airport.
Writer: David Holthaus
Source: Flannery Higgins, Colliers Turley Martin Tucker cincinnati
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