Cincinnati Commercial Market

City Center / CBD

Office • Retail • Mixed-Use • Multifamily

Market Overview

About City Center / CBD

Downtown Cincinnati's Central Business District is the heart of the region's commercial activity, home to Fortune 500 headquarters, Class A office towers, and a rapidly evolving mixed-use landscape.

8.2%

Vacancy Rate

$22.50/SF

Avg Asking Rent

6.8%

Avg Cap Rate

12M SF

Total Inventory

Market Intelligence

Market Insights

The CBD is experiencing a flight-to-quality trend, with trophy office assets commanding premium rents while older Class B/C buildings present value-add repositioning opportunities. Retail activity is concentrated around Fountain Square and The Banks, with growing demand for experiential tenants.

Investment Thesis

Opportunities

Investors will find compelling opportunities in office-to-residential conversions, ground-floor retail repositioning, and mixed-use development sites. Cap rates for well-located multifamily assets have compressed to the low 6% range.

Key Locations & Landmarks

📍Fountain Square district

📍Fifth Third Center corridor

📍Great American Tower complex

📍The Banks waterfront development

📍Government Square transit hub

📍Convention Center district

Major Employers & Anchors

🏢P&G Headquarters

🏢Kroger Corporate

🏢Fifth Third Bank

🏢Great American Insurance

🏢Western & Southern Financial

🏢Duke Energy

Available Properties

Featured Listings

FOR SALE $2,450,000

450 Main Street

Office • 12,500 SF

Class A office building with recent renovations

FOR LEASE $22/SF NNN

1200 Vine Street

Retail • 3,200 SF

Prime street-level retail with high foot traffic

FOR SALE $4,200,000

875 Reading Road

Multifamily • 24 Units

Stabilized apartment building, 96% occupied

View All Listings

Explore City Center / CBD Opportunities

Ready to invest, lease, or sell in City Center / CBD? Our team delivers market intelligence and deal execution across all commercial asset classes.

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