Cincinnati Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Cincinnati is $21.14 per square foot, 3.25% higher compared to the previous year.
  • The market’s vacancy rate stands at 22.30%, higher than the state average of Ohio, which is 22.00%.
  • Renting Class A/A+ office space here costs $23.52 per square foot, while Class B averages $19.01 and Class C stands at $16.68.
  • 70,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $21.14 2025 Avg. Asking Rent
  • 3.25% Y-o-Y Avg. Asking Rent Change
  • 22.30% 2025 Office Vacancy Rate
  • $133.7M2025 Total Office Sales
  • $73.86Avg. Sale Price/SF

What is the average asking rent price for office space in Cincinnati?

Average asking rents for office space here stand at $21.14 per square foot. The local office market recorded an average vacancy rate of 22.30% in 2025, unchanged from 22.30% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $133.7M across 19 sales. These transactions commanded an average sale price per square foot of $73.86.

Cincinnati, OH Office Asking Rents by Class

What is the average office rent per square foot by property class in Cincinnati?

  • Avg. Asking Rent Class A & A+$23.52
  • Avg. Asking Rent Class B$19.01
  • Avg. Asking Rent Class C$16.68

The average asking rent for Class A and A+ office space stood at $23.52 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Cincinnati averaged $19.01 per square foot, while the average for Class C space was $16.68 per square foot.

What is the average office rent per square foot by property class in OH?

  • Avg. Asking Rent Class A & A+$23.73
  • Avg. Asking Rent Class B$18.59
  • Avg. Asking Rent Class C$13.83

For comparison, the average rent for Class A and A+ office space in Ohio was $23.73 per square foot. The state-wide average for Class B space was $18.59 per square foot, and Class C office spaces averaged $13.83 per square foot.

Cincinnati, OH Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Cincinnati was Cincinnati - Queensgate at 1.50%. Meanwhile, the highest office vacancy rate in the market was 36.16%, recorded in Cincinnati - Northwest.
Submarket Asking Rents Vacancy Rates
Cincinnati - Over-the-Rhine $27.64 32.02%
Cincinnati - Kenwood $27.50 17.50%
Cincinnati - CBD $22.30 27.21%
Cincinnati - Midtown East $21.41 11.92%
Milford $20.76 26.25%
Cincinnati - Blue Ash $19.93 17.13%
Cincinnati - Midtown West $19.85 18.80%
Cincinnati - East $19.68 7.39%
West Chester $19.57 15.63%
Mason $18.53 23.56%
Cincinnati - North $17.57 31.42%
Cincinnati - Queensgate $15.50 1.50%
Cincinnati - Governor's Hill $15.48 23.33%
Cincinnati - Northwest $13.83 36.16%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $73.862025 Avg. Price per SF
  • -47.14%Y-o-Y Avg. PpSF Change
  • $133.7M2025 Office Sales Volume
  • 192025 Number of Transactions

What is the average sale price per square foot for office space in Cincinnati?

Average sale prices for office space in this market recorded a -47.14% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $73.86 per square foot. For comparison, the statewide Ohio average during the same time period stood at $85.59 per square foot, while the national average was $182.48 per square foot.

Cincinnati, OH Sale Price per SF Trend

  • Cincinnati Avg. Sale Price per SF in 2025$73.86
  • Ohio Avg. Sale Price per SF in 2025$85.59

What was the total office sales volume in Cincinnati in 2025?

The local office market recorded 19 deals in 2025, adding up to a yearly sales volume of $133.7M.

  • Cincinnati, OH Total Office Sales Volume in 2025 $133.7M
  • Cincinnati, OH Total Number of Office Sales Closed in 2025 19

What were the largest office building sales in Cincinnati in 2025?

The market’s largest transaction last year was the sale of First Financial Center at 255 Fifth for $59,000,000 on 11/25/2025.
The next-highest sale was the transaction involving Pfeiffer Woods, which traded for $11,100,000. The third-largest transaction was the sale of Sawyer Point Building, The for $10,000,000.

Property name Address Date Price
First Financial Center at 255 Fifth 255 East 5th Street 11/25/2025 $59,000,000
Pfeiffer Woods 5151 Pfeiffer Road 8/29/2025 $11,100,000
Sawyer Point Building, The 720 East Pete Rose Way 11/21/2025 $10,000,000
6909 Good Samaritan Drive 6909 Good Samaritan Drive 12/19/2025 $4,900,000
Executive Centre 1 111 Merchant Street 1/6/2025 $4,570,000
Data provided by Yardi Research

2025 Office Construction in Cincinnati, OH

  • Cincinnati, OH Total SF completed in 2025 85,000
  • Cincinnati, OH Total SF under construction in 2026 70,000

How much office space was built in Cincinnati in 2025?

85,000 square feet of new office space was delivered across the market in the previous year. New construction included 2 properties, with an average new property size of 42,500 square feet.

Looking forward, development activity in 2026 is estimated to add 70,000 square feet of office space to the market in total.

What are the largest recent office completions in Cincinnati?

The largest recent office completion here is GE Building at The Banks at 339,678 square feet, completed in 2016. The next largest completions are Kenwood Collection and 3090 Exploration.

Office building Address SF Completed
The Offices @ Montgomery Quarter - Building 2A 9260 Montgomery Road, 45242 61,000 2023
Northlake Commons 7903 E Kemper Rd, 45249 2,988 2023
3090 Exploration 3090 Exploration Ave., 45206 180,000 2022
Sycamore Executive Center II 8300 Kenwood Road, 45236 29,878 2019
The Marketer 15 Fourteenth St. E, 45202 65,219 2017
GE Building at The Banks 191 Rosa Parks Street, 45202 339,678 2016
Kenwood Collection 5901-5905 Galbraith Rd. E, 45236 295,000 2016
Summit Woods IV 400 East Business Way, 45241 106,000 2015
1876 Waycross Road 1876 Waycross Road, 45240 70,000 2013
Legacy Pointe 10856 Reed Hartman Hwy., 45242 69,856 2012
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.