WHAT'S HAPPENING IN THE COLUMBUS OFFICE MARKET? Q4 2025
- tedscheid
- 22 minutes ago
- 1 min read
Colliers Columbus Research shared a Q4 2025 update focused on three storylines in the Columbus office market: tenant migration, downtown high-rise conditions, and sublease activity.
Tenant migration: where new leasing activity showed up
Q4 2025 leasing activity concentrated most heavily in the CBD (38%) and Dublin (21%). Sector activity was led by Non-Profit and Real Estate/Construction, which together represented roughly half of tenants signing new leases during the quarter. The largest move cited was EOG Resources’ purchase of 8111–8131 Smiths Mill Road in the New Albany submarket.
Downtown high-rise: vacancy and what’s underway
The update reports CBD vacancy decreased to 15.94%, compared with the overall market vacancy of 17.57%. Downtown also has 64,838 SF under construction, including the Merchant Building. Recent completed projects referenced include Scioto Peninsula (phase one), Front & Fulton, Gravity in Franklinton, and the Municipal Light Building renovation.
Sublease: where available space sits and what changed
Available sublease space remains concentrated in Dublin (41%), with meaningful shares in Westerville, New Albany, the CBD, and Easton. The largest available sublease block cited is 5100 Rings Rd (406,000 SF), followed by 5400 New Albany Rd (155,656 SF). Q4 2025 sublease availability decreased by nearly 200,000 SF, with smaller listings leased or converted to direct space following expirations; the update also notes a sublease signed at 110 Riverbend Ave in the North Delaware submarket.
More Colliers Columbus Research Q4 2025 Tenant Migration Report, High-Rise Reports, and Sublease Activity Reports below
