Cincinnati's multifamily market posted trailing 12-month net absorption of 1,049 units against 3,817 units delivered, sustaining broad lease-up competition across most active construction submarkets.
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The under-construction pipeline has contracted 35% over the past year to 3,653 units (2.4% of inventory), with trailing 12-month starts falling 55% , signaling a materially lighter delivery burden ahead.
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Average effective rents reached $1,349, up 2.4% year-over-year and leading Ohio's major multifamily markets.
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MARKET OUTLOOK
Cincinnati's near-term setup is improving as the delivery cycle winds down. Starts have...
