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Rising tenant demand leaves Cincinnati with one of nation’s tightest industrial markets

Strong new-to-market leasing drove occupancy gains, while completions pulled back
Schenker Americas inked the largest lease over the past year, taking a 580,600-square-foot property in Independence, Kentucky. (CoStar)
Schenker Americas inked the largest lease over the past year, taking a 580,600-square-foot property in Independence, Kentucky. (CoStar)
CoStar Analytics
April 16, 2026 | 4:10 P.M.

Industrial leasing in Cincinnati surged to a two-year high, driving the vacancy rate to among the lowest in the nation as tenant demand continues to outpace new supply.

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News | Rising tenant demand leaves Cincinnati with one of nation’s tightest industrial markets