Q1 2026 COLUMBUS RETAIL TRENDS

Columbus retail fundamentals remained resilient in Q1 2026, despite a modest rise in vacancy driven largely by two major move-outs rather than broader market softening. Overall vacancy increased to 3.04%, the first time above 3% in roughly two years, while market occupancy still held near 97%, underscoring the continued strength of the region’s retail sector.

Leasing activity remained active across key retail corridors, highlighted by Hobby Lobby’s 52,368-square-foot lease at Easton and several additional large-format commitments throughout the market. Demand for second-generation retail space continues to be strong, particularly in established suburban trade areas.

Development activity moderated during the quarter, though construction remains concentrated in high-growth suburban submarkets such as New Albany, Powell, and Hilliard. More than 70% of space currently under construction is already pre-leased, reflecting continued confidence from retailers and developers alike.

On the investment side, total sales volume slowed compared to previous quarters, but pricing remained healthy as investors continued targeting stabilized, well-located retail assets throughout Central Ohio.

Read the full report from Colliers | Columbus for detailed market statistics, submarket performance, construction activity, lease transactions, and investment trends, along with previous quarterly trend reports: Trends | Research Resource