Welcome back to the Columbus Industrial Column!

February was a short but action-packed month. Let’s dive in!

CIT Op-Ed: Deals completed and circulating indicate Columbus will have normalized absorption for 2025.

Negative absorption in Columbus had all of the buzz following the net 1.8M SF of negative absorption at the end of the year; leaving a lot of questions about the actual state of the Columbus Industrial market and what 2025 would have in store.

There have been a number of large market transactions take place since the start of the new year as well as a general increase in leasing and sales velocity compared to the first half of 2024. We believe this shows a good indication that between deals completed and deals currently circulating that Columbus will have much more normalized absorption for 2025.

There are a few deals that will contribute most notably to this prediction. First is Red Rock Developments who leased their 946,400 ± SF space at 7409 Mink Street in Etna, OH to a confidential tenant who is occupying as of Q1. Second, Anduril Industries signed a 773,000 ± SF lease and is set to occupy early 2025. Lastly, Tarkett, who signed a 611,750 ± SF lease in West Jefferson, OH in Q4 2024 occupied in January. All three of these deals will contribute to greater positive absorption and set the tone for continued activity and demand as 2025 plays out.

New Market Transactions

Notable CIT Transactions

Listing Highlights:

We have a handful of great listings to feature this month.

To start, we shared this standalone office/showroom/warehouse building available for lease or sale at 5193 Sinclair Rd in Columbus, OH! This 28,300 ± SF space is available May 31, 2025 and offers a 5,250 ± SF office/showroom and great access to I-71.

For more information on this listing, contact Joel or CLICK HERE

Next, Jonathan Schuen’s state of the art 90,165 ± SF suite for lease or sale at 10013 Busey Road in Canal Winchester, Ohio. This space is move-in ready with 8,864 SF of Class A, brand new office/showroom space and is located within close proximity to SR-33, I-70, I-270, and the Rickenbacker Inland Port.

For more information on this listing, contact Jon or CLICK HERE

Lastly, Mike highlighted this Class A, new development located in Commercial Point, OH. 714 Bosses Way offers up to 1,198,965 ± SF of industrial space. Located in the desirable Rickenbacker area, this property offers state-of-the-art features and is available immediately.

For more information on this listing, contact Mike or CLICK HERE

News You Can Use:

Easy to find current events happening this month in Columbus. Click the headlines below to access full articles.

Anduril's Ohio defense plant: Everything you need to know

Intel delays Ohio complex again: 'In no way does this diminish our long-term commitment'

In Case You Missed It:

Just leased! Congratulations Kyle Ghiloni for securing a tenant, Amylior, for this 20,964 ± SF space.

Team Spotlight:

Congratulations to Mike, Shane, Joel, and Jon for being inducted in to the Colliers' Everest club again this year. The Everest Club is the top 10% of Colliers Brokerage and Valuation professionals in the U.S.

Congratulations again to Mike, Shane, Joel, and Jon for recently receiving the Colliers North Central Region Gold Star Award! These four finished in the top 2% of gross production for 2024. This is a great accomplishment and we are looking forward to seeing what this team will do in 2025!

Interested in learning more about any of this content? We’d love to hear from you! Contact a member of our team.

That’s all for February! Thank you for subscribing to the Columbus Industrial Column.

The Columbus Industrial Team at Colliers | Columbus