Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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1
“Inflation has soared over the past two years, but Columbus remains a relatively affordable market compared to peers nationwide.”
“Still, while the metro is the nation's 33rd most affordable based on a new analysis, it's the least affordable major metro in Ohio.”
“The Business Journals analyzed Bureau of Economic Analysis’ Regional Price Parity Index data to determine the rankings. The index is a measure of how much goods, housing and other services across the country cost in a specific metro area compared to the national average. Metros with a score below 100 in the index are cheaper than the national average while those above 100 are more expensive.”
2
“One of Central Ohio's largest employers plans to up its investments and increase focus on Columbus community-specific needs in 2024, said Alicia Wilson, JPMorgan Chase & Co.'s managing director and global head of philanthropy for the North America Region.”
“It is also Central Ohio's third-most generous company, according to Columbus Business First research, giving $6.47 million in cash contributions to Central Ohio organizations in 2022.”
“The organization has tech skills training and various mentorship programs for minority populations and small business owners.”
3
“Columbus City Council will vote next week on a redevelopment plan from a local developer for Cooper Stadium, potentially rezoning the site and opening up opportunities for the long-vacant Franklinton-area property.”
“Columbus City Council this week held a first reading of rezoning legislation for a proposal very similar to the 2019 version, one the developer first shared in 2022. The latest proposal includes retail buildings, a few mixed-use buildings and a residential building that could be up to six stories tall, as well as an amphitheater.”
“The council will vote on the rezoning Monday.”
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