· Builders are on pace to add approximately 1.2 million square feet on new space by year end.
· Vacancy is forecast to end the year at 11.8 percent.
· Asking rents are expected to gain 0.6 percent to $12.71 per square foot by year end.
· Effective rents are anticipated to finish the year at $10.98 per square foot.
For a copy of the complete Columbus Retail Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.
Press Contact: Stacey Corso