Monday, October 12, 2026 | OWNER PREVIEW

Executive snapshot

• Positive Columbus Q3 industrial vacancy fell 70 basis points to 4.7%; net absorption was 2.5M sf and construction underway reached 14.4M sf. Editorial: pursue the new pipeline selectively, with submarket and delivery-stage checks. CBRE Columbus Q3 2026, October 9
• Neutral CBRE reports Columbus asking rent at $7.07/sf. The summary does not state its time or lease-expense convention; do not compare it directly with another city's monthly NNN rent or treat it as effective rent. CBRE Columbus Q3 2026, October 9
• Cautious August prepared asphalt/tar roofing and siding PPI rose 0.5% monthly and 3.9% annually; insulation rose 0.5% and 1.1%. These are broad product categories, not a membrane-only or polyiso-only quotation. AGC compilation of BLS, August 2026
• Cautious Nonresidential roofing-contractor PPI rose 5.7% annually, versus 3.9% for roofing products. Editorial: examine labor, assembly and commercial terms rather than infer an installed-cost allowance from materials alone. AGC compilation of BLS, August 2026
• Cautious Ohio Power's published study tranche started October 1, after a September 30 application cutoff. A study timeline is not an energization promise; required infrastructure must be in place before service. Ohio Power data-center tariff and October study tranche
• Cautious Raleigh's six-month pause applies to facilities above 10,000 sf and took effect immediately, per ABC11. This city action is separate from Duke's pending statewide tariff settlement. ABC11, October 7 Raleigh vote report
• Cautious San Francisco adopted an immediate 45-day moratorium; longer restrictions remain possible, not enacted in the report. Editorial: check both entitlement and expansion exposure rather than assume existing campuses are exempt. Mission Local, October 6; updated October 8
• Positive Alexandria's Goodwin House Seminary Road broke ground October 7: a reported $360M, 257-unit senior-living project with a 2029 opening target. The target is not a guaranteed completion date. ALXnow, October 9 Goodwin Living
• Neutral Reno's city development table shows July data only: 11 new commercial permits and 54 single-family units receiving occupancy approval. Blank later months are unreported, not zero activity. City of Reno development data, July FY2026–27

Market movers

Sector outlooks

Strategic watchlist

• Columbus: test speculative delivery dates against tenant occupancy and utility commitments; do not double-count lease signing and absorption. CBRE Columbus Q3 2026, October 9
• Envelope buyout: request dated assembly-specific quotes, attachment and coating details, warranty conditions and installer qualifications. AGC compilation of BLS, August 2026
• Charlotte: verify the October 12 hearing outcome before treating a moratorium extension as approved. Charlotte legislative hearing agenda
• Tampa: confirm latest addenda and eligibility before the listed October 13 pump-station bid openings. City of Tampa construction bid schedule
• Reno: request later-month city data and project-specific permits; do not convert blank fields or a solar announcement into a citywide construction count. City of Reno development data, July FY2026–27

Top questions leaders should be asking

• Which Columbus opportunities have a funded scope, an actual start and utility commitments rather than only a market forecast?
• Are roofing bids equalized for the complete assembly, attachments, penetrations, drainage, warranty and access?
• Which price changes are national indices, which are local quotations, and when does each quote expire?
• Does each permit, utility and financing statement identify its authority, status, effective date and unresolved conditions?
• Who verifies the AI-generated envelope variance register before a human releases procurement or accepts an alternate?