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
“Columbus grew faster than any other city at the end of 2023, according to a new study from Bank of America.”
“The study combined U.S. Census data with Bank of America customer data "to provide a more real-time estimate of population trends." According to its findings, Columbus saw 1.1% population growth in both the third and fourth quarters of 2023, ranking No. 1 in the nation.”
“Central Ohio business leaders have long talked about the pressures our growth is creating, but the drumbeat has gotten even louder in the two years since Intel announced its plan to spend $20 billion on a pair of chip factories in New Albany.”
2
“COhatch founder and CEO Matt Davis is signing on as the master developer for the project, which aims to enhance the downtown area starting with the northeast quadrant bounded by North Liberty and East Olentangy streets, as well as Grace Drive. That's the area where COhatch is building a new coworking facility that will also include a rooftop bar with meeting and event space.”
“The main goals for the downtown Powell project are to resolve traffic congestion, enhance parking access and bring new amenities to the district. In doing so, city officials believe they can bolster the downtown ecosystem with improved roadway infrastructure, job creation, mixed-use commercial and residential development and activated spaces for events.”
3
“The Central Ohio Transit Authority has announced that its president and CEO, Joanna Pinkerton, is resigning effective May 6 after serving for six years at the helm of the 50-year-old public transit agency.”
“Pinkerton's resignation was announced Monday in a prepared release by COTA, which said its Board of Trustees will conduct a national search for her replacement.”
“Moore said she could not say whether the board would hire a headhunter firm to find potential replacements for Pinkerton, but did say it will be an "exhaustive, national search."
