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The second quarter of 2017 was a period of recovery for the Greater Cincinnati office market. A significant increase in direct vacancy in Q1 2017 had broken a streak of eight consecutive quarters of falling vacancy. However, vacancy decreased from the prior quarter by 20 basis points (bps) to 19.2% in Q2 2017. This figure is similar to the 19.0% vacancy figure recorded in Q2 2016. Year-over-year, suburban vacancy is unchanged at 20.8%, while vacancy in the Central Business District (CBD) increased slightly from 16.1% to 16.4%.
Source : Cushman & Wakefield
