MARKET SNAPSHOT

Columbus Q1 2025

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AVERAGE RENT

$1,343 Q1 2025

OCCUPANCY RATE

93.4% Q1 2025

QUARTERLY NET ABSORPTION

1,644 Q1 2025

ANNUAL RENT CHANGE

2.6% Q1 2025

ANNUAL OCCUPANCY CHANGE

-20 BPS Q1 2025

QUARTERLY COMPLETIONS

2,095 Q1 2025

KEY TAKEAWAYS
Columbus ranked among the top 10 major U.S. apartment markets for rent growth in Q1 2025, with average rents rising 2.6% year-over-year.
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Apartment demand in Columbus reached its strongest first-quarter level since 2021, with 1,644 units absorbed, pushing the rolling 12-month total to 6,368 units.
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Multifamily starts in Columbus fell nearly 30% in 2024—the lowest annual since 2020—due to elevated interest rates and rising construction costs.
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MARKET OUTLOOK

The Columbus multifamily market remains on solid footing heading into the remainder of 2025, supported by strong renter demand and balanced supply-demand dynamics...

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Featured Ohio Research Reports:

Picture of Brian Hall

Brian Hall

Senior Director

brian.hall@mmgrea.com

Evan Lisle

Evan Lisle

Associate Advisor

evan.lisle@mmgrea.com

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