Wednesday, January 28, 2009

Cincinnati Office Space

BuildingSearch.com has many office space listings in the city of Cincinnati. We provide an array of different Cincinnati office space listings, so that it is easier to find the exact building to suit your needs. Choose from offices spaces such as office/R&D, medical/bio tech, mixed use or office/retail. 

Cincinnati is located in the county seat of Hamilton County in the state of Ohio. The city is in southwestern Ohio and is situated on the Ohio River at the Ohio-Kentucky border. The population of Cincinnati is 332,548, Ohio’s third largest city and the 56th largest city in the United States. Cincinnati is considered the first major boomtown, rapidly expanding to rival the larger coastal cities in size and wealth. As the first major city inland, it is considered the first pure American city. 

Cincinnati is known for having one of the larger collections of nineteenth- century German Architecture. Downtown Cincinnati is focused around Fountain Square, a popular square for big events. Cincinnati office space is also home to many structures that are notable due to their architecture or historic importance including the Carew Tower, the Scripps Center, the Ingalls Building, Cincinnati Museum Center, and the Isaac M. Wise Temple. The city is also undergoing a lot of rebuilding to add the Banks Project and a new skyscraper, that will the tallest in Cincinnati and third highest in Ohio. 

Cincinnati office space is home to major corporations such as Procter & Gamble, The Kroger Company, Sunny Delight Beverages, Macy’s Inc., Convergys, Chiquita Brands international, Great American Insurance Company, Western & Southern Financial Group, The E.W. Scripps Company, and the United States Playing Card Company. There are 10 Fortune 500 companies and 18 Fortune 100 companies headquartered with office space in Cincinnati. The city ranks 6th in the U.S. for their concentration of Fortune 500 and 1000 companies, which use office space in Cincinnati as their homes. 

The Cincinnati office space market has stayed on a very even level in the past year. The overall office space market vacancy at the end of the second quarter 2008 is 17.94%, up from 6.90% at the end of last quarter. The Cincinnati office space market recorded a positive net absorption of 84,598 SF in the second quarter of 2008 and a year to year positive absorption of 185,220 SF. New office space construction in Cincinnati amounts to 501,682 SF. This new office space is prime real estate in a booming city. 

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