jll columbus chart of the week: may 9, 2016

Resurgence in net absorption boosts medical office activity Columbus • Medical office vacancy rates in Columbus have been steadily decreasing, while there has been a resurgence in net absorption as Columbus experiences its second highest net absorption in square feet since 2012. After two years of low net absorption, the medical office activity in Columbus responded with new buildings such as Mount Carmel’s Lewis Center project increasing the occupied space in the market and bringing some new available space as well. Source: JLL Research Chart of the week: May 9, 2016 2012 2013 2014 2015 YTD 2016 -30,000 0 30,000 60,000 90,000 120,000 4.0% 6.0% 8.0% 10.0% 12.0% Net absorption (s.f.) Vacancy Absorption and Vacancy Change (Quarterly)

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Resurgence in net absorption boosts medical office activity

Columbus

• Medical office vacancy rates in Columbus have been steadily decreasing, while there has been a resurgence in net absorption as Columbus experiences its second highest net absorption in square feet since 2012. After two years of low net absorption, the medical office activity in Columbus responded with new buildings such as Mount Carmel’s Lewis Center project increasing the occupied space in the market and bringing some new available space as well.

Source: JLL Research

Chart of the week: May 9, 2016

2012 2013 2014 2015 YTD 2016

-30,000

30,000

60,000

90,000

120,000

4.0%

6.0%

8.0%

10.0%