Markets · Dayton–Kettering, OH MSA
Dayton Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
A logistics and advanced-manufacturing market on the I-70/I-75 crossroads with aerospace and defense anchors.
Asking Rent / SF
2016–2026Now $6.51 · +4.3% YoY
Vacancy Rate
2016–2026Now 5.3%
Net Absorption (12 mo)
2016–2026Now 1.5M SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Dayton industrial vacancy stands at 5.3% with asking rents near $6.51/SF. The market absorbed 1.5M SF over the trailing year, and investment sale pricing implies roughly a 9.2% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
A logistics and advanced-manufacturing market on the I-70/I-75 crossroads with aerospace and defense anchors. 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
- 820,906
- Total employment
- 393,861
- Industrial employment
- 56,495
- Median HH income
- $75,195
Key submarkets
- • Vandalia / Airport
- • Monroe / I-75
- • Springboro
- • Huber Heights
Representative tenants
- • Amazon
- • Procter & Gamble
- • Caterpillar
- • Wright-Patterson AFB
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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