Cincinnati Industrial Figures Q1 2025

-The Cincinnati industrial market recorded its second consecutive positive quarter of net absorption with 836,457 sq. ft to start the year.
-There were 110,000 sq. ft. of construction completions in the first quarter of the year. Two new construction projects broke ground totaling 550,560 sq. ft. of build-to-suit space, Schneider Electric’s 446,560 sq. ft. and Coolants Plus's 104,000 sq. ft., both in the Northwest submarket. There is now 2.0 million sq. ft. of projects currently under construction, with no new bulk speculative construction starts this quarter. Net absorption is expected to continue to rise as many pre-leased or build-to-suit developments are scheduled to deliver throughout the year.
-The bulk market recorded only two large leases in the over 100,000 sq. ft. range, Seko Logistics’ 308,000 sq. ft. in the Northern Kentucky submarket and Systecon’s 108,850 sq. ft. in the Northwest submarket. Total leasing activity, including renewals, recorded 4.7 million sq. ft. of transaction volume led by Verst Group's massive 737,000 sq. ft. renewal at 3680 Langley Drive. The largest vacancy this quarter occurred at Mosteller Road with Plymouth vacating their space, this accounted for 121,931 sq. ft. of negative absorption in the Northeast submarket.