Cincinnati Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers, Lee Associates
Quarterly retail market indicators for Cincinnati, aggregated by PropZone from Cushman & Wakefield, Colliers, Lee Associates. As of Q1 2026, average asking rent was $10.50/SF with a 8.4% vacancy rate.
Projected current retail pricing — Cincinnati
low confidenceProjected asking rent
$10.50–$10.69/SF/yr
Estimated sale value
$76–$97/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 Cushman & Wakefield data (cap rate 8.3%, asking rent trend-adjusted to today). Assumes ~92% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $10.50/SF | 8.4% | 400K SF | — | Cushman & Wakefield |
| Q1 2026 | $34.12/SF | 4.1% | -746K SF | — | Colliers |
| Q1 2026 | — | 5.0% | 452K SF | — | Lee Associates |
| Q3 2025 | $13.00/SF | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2023 | $24.54/SF | 5.4% | 202K SF | — | Cushman & Wakefield |
| Q3 2020 | — | 15.5% | 43K SF | — | Colliers |
| Q2 2018 | — | 16.8% | 0K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Cincinnati?
- As of Q1 2026, the average asking rent for retail space in Cincinnati was $10.50/SF, per Cushman & Wakefield.
- What is the retail vacancy rate in Cincinnati?
- The retail vacancy rate in Cincinnati was 8.4% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Cincinnati market data come from?
- This report aggregates quarterly retail market data for Cincinnati from Cushman & Wakefield, Colliers, Lee Associates.
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