TENANT MIGRATION Where are Businesses Relocating?
Tenant migration patterns across the Columbus office market continued to evolve in 2025 as occupiers finalized return-to-office strategies and reassessed long-term space needs. Leasing activity accelerated year-over-year, signaling growing tenant conviction despite ongoing uncertainty around workplace utilization. We employ a point system based on signed square footage to track office user migration across Columbus. Additionally, our analysis of transaction data uncovers key statistics, emerging trends and potential shifts in tenant behavior. This report provides a deeper dive into office tenant migration patterns within the Columbus market.
2024 Leases Signed - 49 Signed SF - 327,094 SF Average TI - $24.52 Average Term - 52 months
2024 Total:
2025 Total:
Leases Signed - 275 Signed SF - 1,786,950 SF Average TI - $23.44 Average Term - 51 months
Leases Signed - 315 Signed SF - 2,129,673 SF Average TI - $24.25 Average Term - 49 months
Highest Average Term Length (in months) by Submarket: 55
60
77
months
months
months
Arlington/ Grandview
Leasing activity accelerated in 2025, with 315 office leases signed, driving a 14% year-over-year increase in total transaction volume compared to 2024. The rise in deal count and signed square footage signals increased tenant confidence as occupiers finalized return-to-office strategies and space requirements. Average tenant improvement allowances increased to $24.25 per square foot, reflecting continued demand for amenitized office environments. Meanwhile, the average lease term declined slightly to 49.1 months, reinforcing tenants’ preference for flexibility.
55
months
Healthcare
Q4
Leases Signed - 53 Signed SF - 304,626 SF Average TI - $20.87 Average Term - 47 months
52
months
Polaris
Q3
Leases Signed - 90 Signed SF - 751,624 SF Average TI - $21.23 Average Term - 54 months
46
months
Real Estate/ Construction
Leases Signed - 71 Signed SF - 434,491 SF Average TI - $19.87 Average Term - 52 months
Q2
Leases Signed - 81 Signed SF - 427,854 SF Average TI - $15.16 Average Term - 46 months
Highest Average Term Length (in months) by Industry:
Dublin
Leases Signed - 96 Signed SF - 668,709 SF Average TI - $26.03 Average Term - 48 months
Q1
Leases Signed - 91 Signed SF - 645,569 SF Average TI - $35.01 Average Term - 49 months
Lease Length:
Financial Services
Leases Signed - 59 Signed SF - 356,656 SF Average TI - $22.81 Average Term - 52 months
2025
Average lease terms declined modestly in 2025, continuing a multi-year trend toward shorter commitments as tenants prioritize flexibility. While lease lengths remain just under five years, longer-term commitments were concentrated among Healthcare and Real Estate/Construction tenants, particularly in Dublin, the CBD and Arlington/Grandview.
The number of deals and total square footage leased increased in 2025, with transaction volume up 14%. Average TI allowances increased slightly to $24.25, while the average lease term decreased slightly to 49.1 months.