Office vacancy rates in the United States have reached a record high in the first quarter of 2018, with a 1% drop from Q4 2025 to Q1 2026, one of the largest drops among major metro areas. With nearly 35 million square feet of office space, Columbus' inventory has only increased by 8% over the last decade. Despite this, some businesses are downsizing and some are staying in town but downsizing. The local market appears to be showing signs of stability, not distress, according to Moody's.