Market Trends
- Vacancy ticked up 90 basis points (bps) from Q2 2022 as deliveries outpaced net absorption for the second consecutive quarter.
- Columbus continues to be an epicenter of a growing EV and microchip manufacturing sector. Honda’s recent announcement of a $3.5 billion EV battery plant in Fayette County highlights how Central Ohio is leveraging its existing infrastructure.
- HanesBrands, seeking to upgrade their distribution network, leased 1.2 million square feet at VanTrust’s Rickenbacker Exchange.