The pandemic sparked a surge in e-commerce sales and data center usage that has transformed the industrial real estate market nationally.
Tenants have been snapping up space faster than investors and developers can bring new projects to market, creating historically low vacancy rates. According to the real estate services firm JLL, vacancy hit an all-time low of 3.3% in the third quarter of 2022, with rents up 25% year-over-year.
Vacancy rates in Columbus were even lower, at just 2.1% in the…
