Licking County
Columbus - OH USA - Industrial Submarket
Industrial real estate intelligence for the Licking County submarket. 52.8M SF of inventory with 2.5% vacancy. Data sourced from various MLS platforms.
52.8MSF
Inventory
2.0MSF
Available
2.5%
Vacancy
3.3%
Availability Rate
$7.82
Asking Rent
5.0%
Rent Growth
4.7MSF
12mo Absorption
6.2MSF
Under Construction
Market Metrics
12mo Delivered
2.2M SF
Under Constr % of Inv
11.7%%
Sale Price/SF
$103
Cap Rate
7.0%%
12mo Sales Volume
$275,753,405
Sales Vol Growth
-3.0%
Asset Value
$6,065,072,213
Net Absorption
+4.7M SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 5700 Innovation Dr | $7.5M | 29,208 | Expedient |
| 7000 Souder Rd | $5.0M | 31,192 | Compugen |
| Expedient CMH1 | $7.1M | 21,591 | Landmark Dividend |
| Multi-Property Sale | $1.4M | 31,192 | ThinkOn |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Commerce Center 4545 | 203,251 | $2.83 - 3.46 (Est.) | Industrial Realty Group, LLC |
| 725-727 Hebron Rd | 47,454 | $9.77 - 11.94 (Est.) | Paul Fillman |
| Building 2A | 212,518 | Not Disclosed | Lincoln Property Company |
| Building 1 | 220,000 | Not Disclosed | William M Lane Trust |
| Building 5 | 220,000 | Not Disclosed | William M Lane Trust |
Data Centre Development Potential
Very tight vacancy (2.5%) in Licking County indicates strong demand and limited available buildings. New construction may be required for data centre development. Active construction pipeline of 6.2M SF indicates developer confidence in the submarket. Positive net absorption of 4.7M SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Columbus - OH USA
Evaluating Licking County for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.