Columbus continues to post strong demand, with 6,433 units absorbed over the past year—40% above the long-term average—though absorption still trails new supply, keeping occupancy slightly below historical norms.
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New construction is slowing sharply, with quarterly deliveries projected to fall 67% from current levels by year-end, as starts drop to decade lows amid high costs and interest rates.
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Average rents remain resilient and continue to grow modestly, led by Class C and outer submarkets, while occupancy has held steady despite a nearly 10% inventory expansion over the past two years.
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MARKET OUTLOOK
Columbus continues to exhibit strong underlying demand drivers, supported by long-term household formation and sustained job growth...
