Columbus Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Newmark, Cushman & Wakefield, Colliers
Quarterly office market indicators for Columbus, aggregated by PropZone from CBRE, Newmark, Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $22.67/SF with a 20.0% vacancy rate.
Projected current office pricing — Columbus
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Columbus office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat). Assumes ~80% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $22.67/SF | 20.0% | — | — | CBRE |
| Q1 2026 | $23.12/SF | 20.7% | 98K SF | — | Newmark |
| Q1 2026 | $21.52/SF | 24.1% | -1K SF | — | Cushman & Wakefield |
| Q4 2025 | $22.19/SF | — | 396K SF | — | Newmark |
| Q4 2025 | $22.65/SF | — | — | — | CBRE |
| Q4 2025 | — | — | -1K SF | — | Cushman & Wakefield |
| Q2 2025 | $21.77/SF | — | — | — | Newmark |
| Q4 2024 | $16.96/SF | — | — | — | Newmark |
| Q3 2024 | $23.25/SF | — | — | — | Newmark |
| Q2 2024 | — | — | — | — | Newmark |
| Q1 2024 | $90.09/SF | — | — | — | Newmark |
| Q3 2023 | $21.49/SF | 24.3% | — | — | Newmark |
| Q4 2020 | — | — | 0K SF | 2K SF | Cushman & Wakefield |
| Q3 2020 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2020 | — | — | 2K SF | 0K SF | Cushman & Wakefield |
| Q2 2017 | $50.06/SF | — | 56K SF | — | Colliers |
How the brokerage sources compare
For Q1 2026, the brokerages PropZone aggregates for Columbus office did not fully agree. On vacancy, the sources span 4.1 points — from 20.0% (CBRE) to 24.1% (Cushman & Wakefield). Asking-rent estimates differ by $1.60/SF — from $21.52 to $23.12. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 24.1% | $21.52/SF | — |
| Newmark | 20.7% | $23.12/SF | — |
| CBRE | 20.0% | $22.67/SF | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Columbus?
- As of Q1 2026, the average asking rent for office space in Columbus was $22.67/SF, per CBRE.
- What is the office vacancy rate in Columbus?
- The office vacancy rate in Columbus was 20.0% as of Q1 2026 (CBRE).
- Where does PropZone's Columbus market data come from?
- This report aggregates quarterly office market data for Columbus from CBRE, Newmark, Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for office space in Columbus?
- For Q1 2026, the brokerage sources PropZone aggregates for Columbus did not fully agree. On vacancy, the sources span 4.1 points — from 20.0% (CBRE) to 24.1% (Cushman & Wakefield). Asking-rent estimates differ by $1.60/SF — from $21.52 to $23.12. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.