Cincinnati industrial market continued its trend with its third consecutive quarter of positive net absorption with 2.2. million square feet.
Overall activity in the market was comprised of 3.5 million square feet in new leases and 115,502 square feet in user sales. Additionally, there was over 1.5 million square feet of renewal activity during the quarter.
Construction completed on eleven buildings totaling 2.8 million square feet.
Key construction completions include Erlanger Commerce Center III, Springdale Commerce Center II and III, and Festo's 350,000 sqaure foot addition.