Written by: Collin Fitzgerald
Collin specializes in research capabilities, providing support for the Colliers Columbus Office, Industrial and Retail groups. He is responsible for executing data reports, maintaining a commercial property database, reporting quarterly trends, performing data analysis and utilizing statistical information to predict future behavior in the market. Keep reading for Collin's insights on the Worthington submarket in Q2 2024.
Columbus - Worthington Office Submarket
Submarket Key Takeaways
The Worthington submarket continues to have a high vacancy rate, hovering at 26% for the past three quarters and currently at 26.46%. We expect this vacancy rate to decline slightly as more tenants look for Class A space in the suburban areas.
The Worthington submarket's biggest move-out was Equitas Health, which moved out 26,000 square feet in Q2, while many of the move-ins were multiple smaller tenants, such as Ion Solar, who leased 1,591 square feet at 1103 Schrock RD.
Worthington's proximity to Columbus, a major metropolitan area, makes it a desirable location for businesses looking for a suburban setting with easy access to city amenities.
The most prominent industry seeking space in the Worthington submarket is Healthcare.
Check out the full Q2 2024 Worthington Submarket Office Report, as well as other Submarket Reports here!
Comments