Thanks to companies like the Sygma Network, who recently renewed their commitment to Dublin with a 7-year lease extension, the City of Dublin, Ohio ended 2017 with over 287,000 square feet of positive net absorption among Class A office space.
About the Quarterly CRE Reports
The City of Dublin contracts with Colliers International to analyze commercial real estate statistics (office, medical office, industrial, and retail – plus various subcategories of each type) specific to Dublin. The quarterly reports include vacancy rates, market absorption, and rental rates, in addition to a high level narrative summarizing Dublin’s position in the regional commercial real estate market.
The reports also include a submarket comparison to show Dublin’s office vacancy rates and Class A office rental rates relative to similar markets (Westerville/Polaris, New Albany) and the region (Central Business District (CBD) and Central Ohio overall). General information about tenants that are seeking space in Dublin and in the northwest Columbus area is also included, which provides a general understanding about current market demand.