Cincinnati Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers, Lee Associates, Newmark
Quarterly industrial market indicators for Cincinnati, aggregated by PropZone from Cushman & Wakefield, CBRE, Colliers, Lee Associates, Newmark. As of Q1 2026, average asking rent was $36.00/SF with a 5.9% vacancy rate.
Projected current industrial pricing — Cincinnati
low confidenceProjected asking rent
$7.40/SF/yr
Estimated sale value
$58–$71/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Lee Associates data (cap rate 8.6%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $36.00/SF | 5.9% | 0K SF | — | Cushman & Wakefield |
| Q1 2026 | — | — | — | — | CBRE |
| Q1 2026 | — | 10.0% | 350.0M SF | — | Colliers |
| Q1 2026 | $7.40/SF | 5.8% | 1.6M SF | — | Lee Associates |
| Q4 2025 | $6.20/SF | — | — | — | CBRE |
| Q4 2025 | — | 5.9% | — | — | Newmark |
| Q3 2025 | $162.34/SF | — | — | — | Newmark |
| Q2 2025 | — | — | -292K SF | — | Newmark |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | 1.6M SF | — | Newmark |
| Q4 2024 | $117.00/SF | — | — | — | Newmark |
| Q3 2024 | — | — | — | — | Newmark |
| Q1 2024 | — | — | 125K SF | — | Newmark |
| Q4 2023 | — | — | -510K SF | — | Newmark |
| Q3 2023 | $6.25/SF | 5.0% | 0K SF | — | Cushman & Wakefield |
| Q1 2023 | $5.87/SF | — | 1.2M SF | — | Newmark |
| Q4 2022 | $5.86/SF | 5.1% | 13.2M SF | — | Newmark |
| Q3 2022 | $5.35/SF | 3.0% | 879K SF | — | Newmark |
| Q2 2022 | — | 6.0% | 14.1M SF | — | Newmark |
| Q3 2020 | — | — | — | — | Cushman & Wakefield |
| Q2 2020 | — | — | 2K SF | — | Cushman & Wakefield |
| Q3 2019 | — | 2.6% | 7.5M SF | — | Colliers |
| Q2 2018 | — | 5.7% | 313K SF | — | Colliers |
| Q2 2018 | $14.76/SF | 5.0% | 245.6M SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for industrial space in Cincinnati?
- As of Q1 2026, the average asking rent for industrial space in Cincinnati was $36.00/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Cincinnati?
- The industrial vacancy rate in Cincinnati was 5.9% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Cincinnati market data come from?
- This report aggregates quarterly industrial market data for Cincinnati from Cushman & Wakefield, CBRE, Colliers, Lee Associates, Newmark.
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