MARKET SNAPSHOT

Columbus Q2 2026

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AVERAGE RENT

$1,349 Q2 2026

OCCUPANCY RATE

92.3% Q2 2026

NET ABSORPTION

6,442 T4Q

ANNUAL RENT CHANGE

0.0% Q2 2026

ANNUAL OCCUPANCY CHANGE

-80 BPS

UNIT COMPLETIONS

9,169 T4Q

KEY TAKEAWAYS

Demand accelerated meaningfully in Q2, with 2,609 units absorbed marking the strongest quarterly performance in over a year. Columbus's diversified economic base, anchored by logistics, distribution, and a growing technology presence, has kept demand broad-based across 12 of 13 submarkets.

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The construction pipeline is contracting sharply, with trailing 12-month starts down more than 50% to 5,405 units and 9,622 units remaining under construction, or 4.1% of inventory, signaling the market has moved past peak supply pressure even as near-term deliveries stay elevated.

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Rents have posted two consecutive quarters of positive sequential growth, though annual growth remains flat and trails most Midwest peers this cycle. Occupancy at 92.3% is broadly consistent with the region, underscoring that Columbus's fundamentals remain comparable to peers absorbing similar supply.

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MARKET OUTLOOK

Columbus is positioned at a pivotal stage in its supply cycle. The forward pipeline is contracting rapidly as construction starts have pulled back sharply from a year ago, though near-term deliveries will remain elevated as current projects reach completion...

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