Columbus, OH industrial market
The Columbus, OH industrial market has shown strong momentum over the past two years, with industrial vacancy falling sharply from 9.4% in Q1 2025 to 6.6% by Q1 2026 as demand significantly outpaced new supply. Investment sales volume reached $1.1 billion through the first nine months of 2025, the highest since 2022, driven by both institutional and private buyers. Average asking NNN lease rates hover around $9 to $10 per square foot, while sale prices across the market average roughly $95 to $155 per square foot depending on building class and submarket. Modern Class A bulk distribution facilities and Rickenbacker logistics corridor assets command significant premiums over general industrial product.
What's driving Industrial prices in Columbus
Industrial sale prices in Columbus have firmed over the 2024-2026 window, with total investment volume reaching $1.1 billion through Q3 2025 (highest since 2022) and average per-square-foot pricing supported by institutional re-entry and record demand absorption.
- Vacancy falling sharply from 9.4% in Q1 2025 to 6.6% in Q1 2026 as net absorption far exceeded new deliveries
- Speculative construction pipeline at its smallest since 2019 with deliveries slowing 39% year-over-year, tightening available supply
- Scarcity of modern Class A bulk distribution product, which commands rents 9% above general industrial and drives outsized sale prices along Rickenbacker logistics corridor
- Growing manufacturing demand from Anduril Arsenal-1 and onshoring activity increasing competition for mid-size and flex industrial space
Market intelligence
Tracking this market · 7 comps · latest deal Oct 2025.
This quarter: 0 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
MomentumPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Columbus's municipal boundary, coloured to match the momentum read above.
Recent Industrial comps in Columbus, OH
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 11555 Briscoe Parkway, Lockbourne, OH 43137 news | Q2 2025 | Sale | 1200000 | $136,000,000 | $113 |
| 4448 Rickenbacker Parkway East, Columbus, OH 43125 news | Q2 2025 | Sale | 253680 | $67,400,000 | $265 |
| North Wilson Road, Columbus, OH 43228 news | Oct 2025 | Sale | 86389 | $18,700,000 | $216 |
| 840 Hilliard Rome Road, Columbus, OH 43228 news | Q3 2025 | Lease | 367633 | ||
| 1665 Westbelt Drive, Columbus, OH 43228 listing | Jun 2025 | Lease | 40000 | $16.20 NNN (est. gross incl. CAM) | $16.20 |
| 660 North Hague Avenue, Columbus, OH 43204 listing | Jun 2025 | Lease | 200000 | ||
| 3538 Tradeport Court, Columbus, OH 43217 news | Q3 2025 | Lease | 337200 | ||
| Median of 3 recent sales · $216/SF | $216 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Columbus, OH, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.