Markets · Columbus, OH MSA · Core Market
Columbus Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
One of the Midwest's fastest-growing logistics markets, anchored by Rickenbacker's air-cargo hub and Intel-driven demand.
Asking Rent / SF
2016–2026Now $8.41 · +5.7% YoY
Vacancy Rate
2016–2026Now 6.5%
Net Absorption (12 mo)
2016–2026Now 10.9M SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Columbus industrial vacancy stands at 6.5% with asking rents near $8.41/SF. The market absorbed 10.9M SF over the trailing year, and investment sale pricing implies roughly a 7.1% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
One of the Midwest's fastest-growing logistics markets, anchored by Rickenbacker's air-cargo hub and Intel-driven demand. Bluebird targets functional small-bay and IOS product here at a basis below replacement cost, with leasing and mark-to-market as the value-add levers.
Economy
- Population
- 2.3M
- Total employment
- 1.2M
- Industrial employment
- 134,644
- Median HH income
- $86,048
Key submarkets
- • Rickenbacker
- • West / I-70
- • Southeast
- • New Albany
Representative tenants
- • Amazon
- • Intel (in development)
- • Honda
- • Rickenbacker logistics
Explore other markets
Market data sourced from CoStar Group, www.costar.com (as of 2026 Q1); figures are point-in-time estimates and forecasts are not guarantees. Provided for informational purposes only and not an offer to sell securities. Past performance does not guarantee future results.
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