Q1 2025 COLUMBUS RETAIL TRENDS

Perimeter Center, Dublin

The Colliers | Columbus Q1 2025 Retail Trend Report is out, and while strong demand continues to fuel growth across the market, record-low vacancy rates and rising rents are creating new challenges for tenants. Gilli Zofan, First Vice President of the Columbus Retail Team, offered his insights on the evolving landscape:

"As Columbus continues to gain national attention and the local market experiences sustained growth, one of the most significant challenges remains the extremely low vacancy rates for small shop retail spaces, as well as the limited availability of mid-box retail spaces in premium submarket trade areas. For those seeking to open a new location in Columbus, the combination of limited new construction and historically low vacancy rates continues to drive rental rates higher. Many leases include built-in rent escalations, and in many cases, landlords are pursuing substantial rent increases at the time of renewal. With the current small shop vacancy rate at just 2.10%, there appears to be little expectation for near-term change."

Read the full report from Colliers | Columbus along with previous quarterly trend reports here: Trends | Research Resource