The office vacancy rate in the Cincinnati market area increased to 14.0% at the end of the first quarter 2012. The vacancy rate was 13.6% at the end of the fourth quarter 2011, 14.0% at the end of the third quarter 2011, and 14.0% at the end of the second quarter 2011.
Class A projects reported a vacancy rate of 18.8% at the end of the first quarter 2012, 17.7% at the end of the fourth quarter 2011, 19.1% at the end of the third quarter 2011, and 19.1% at the end of the second quarter 2011.
Class B projects reported a vacancy rate of 15.0% at the end of the first quarter 2012, 14.9% at the end of the fourth quarter 2011, 14.9% at the end of the third quarter 2011, and 15.1% at the end of the second quarter 2011.
Class C projects reported a vacancy rate of 9.0% at the end of the first quarter 2012, 8.9% at the end of fourth quarter 2011, 8.9% at the end of the third quarter 2011, and 8.6% at the end of the second quarter 2011.
The overall vacancy rate in Cincinnati's central business district at the end of the first quarter 2012 increased to 15.2%. The vacancy rate was 14.2% at the end of the fourth quarter 2011, 14.6% at the end of the third quarter 2011, and 13.8% at the end of the second quarter 2011.
The vacancy rate in the suburban markets increased to 13.7% in the first quarter 2012. The vacancy rate was 13.4% at the end of the fourth quarter 2011, 13.9% at the end of the third quarter 2011, and 14.1% at the end of the second quarter 2011.
The information in this news report is based on CoStar’s First Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.