Calculate cap rates and net operating income for commercial properties in Ohio. Compare your results against Ohio's secondary market benchmarks sourced from CBRE H2 2025.
Ohio has multiple distinct CRE markets. Columbus is the strongest performer — a growing tech hub (Intel's $20B chip fab in New Albany), diversified economy, and strong multifamily fundamentals. Cleveland and Cincinnati are traditional industrial markets with significant healthcare anchors. Data centers are a major growth sector in central Ohio driven by Intel and major cloud providers.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.5% | 7.5% |
| Industrial | 5.5% | 7.5% |
| Retail | 6.0% | 8.0% |
| Office | 7.0% | 10.0% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Ohio cap rates range from 5.5–7.5% for multifamily and industrial, 6.0–8.0% for retail, and 7.0–10.0% for office. Columbus has the most competitive rates driven by exceptional tech and data center investment, while Cleveland and smaller Ohio markets have higher yields.
Columbus is the beneficiary of Intel's landmark $20B+ semiconductor manufacturing investment in New Albany (east Columbus), establishing it as the US semiconductor manufacturing hub. Combined with major data center investment from Amazon, Google, and Microsoft, significant population growth (largest Ohio city), and Ohio State University's research ecosystem, Columbus has attracted unprecedented institutional CRE investment.
Ohio's central US location and highway/rail access make it a top logistics market. The Honda and Intel manufacturing facilities drive automotive and semiconductor supply chain industrial demand. Cleveland's proximity to Lake Erie ports and Pittsburgh's steel heritage support heavy industrial. The I-71/I-70/I-75 corridors are highly active for distribution and fulfillment.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.