MARKET SNAPSHOT

Columbus Q3 2026

AVERAGE RENT

$1,340 Q3 2026

OCCUPANCY RATE

92.5% Q3 2026

NET ABSORPTION

8,790 T4Q

ANNUAL RENT CHANGE

-0.2% Q3 2026

YoY OCCUPANCY CHANGE

-20 BPS

UNIT COMPLETIONS

10,136 T4Q

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KEY TAKEAWAYS
Renter demand in Columbus strengthened sharply from a year ago, with trailing absorption up significantly and every tracked submarket posting positive absorption, even as the market continues working through an elevated delivery cycle.
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The development pipeline has contracted to its lowest level since 2018, with starts down sharply from a year ago, pointing to a meaningfully lighter supply environment through 2027.
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Rent growth remains the market's weak spot, trailing nearly all regional peer markets, while occupancy held relatively steady, suggesting pricing has further to go before catching up to the improving supply-demand balance.
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MARKET OUTLOOK

Columbus's recovery continues to progress. The active pipeline has fallen to its lowest level since 2018, and quarterly deliveries are projected to ease from 3,013 units in Q3 to roughly 1,300 units by early 2027....

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Picture of Brian Hall

Brian Hall

Senior Director

brian.hall@mmgrea.com

Evan Lisle

Evan Lisle

Senior Advisor

evan.lisle@mmgrea.com

Aiden Schlueter

Aidan Schlueter

Associate

aidan.schlueter@mmgrea.com

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