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  • Halle Smith

THE WEEKLY REVIEW | March 15, 2024


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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“The high-rise landscape of Columbus is changing for the first time in more than two decades. Three Columbus buildings at least 24 stories high have been built recently or are under construction, and a fourth is planned. The four are the first new buildings in Columbus at least 24 stories high since 2001.”


“The four buildings would be the tallest buildings added to the Columbus skyline since the 26-story Miranova condominium tower opened in 2001. While Columbus is enjoying a bit of a high-rise boom, it's nothing compared to two previous bursts of high-rise construction. In the first, from 1967 to 1977, 10 buildings of at least 20 stories were constructed in Columbus, and from 1983 to 1991, eight more were added, according to Wikipedia. (The city of Columbus doesn't keep a list of the city's tallest buildings.)”


2

Columbus Downtown Development Corp. and Capitol South have rebranded to Downtown Columbus Inc. The name change comes with a new logo and website, but the aim to transform downtown remains the same.


“’Columbus is on the rise, and downtown dramatically affects what people think of our region,’ CEO Greg Davies said in a press release. ‘It’s important that we represent downtown Columbus in a way that is befitting of its continual evolution and vibrancy.’ Downtown Columbus' new logo is blue and green, representing green gathering spaces such as the Columbus Commons, Scioto Mile and Dorrian Green, and also the ‘blue-sky potential’ of downtown, the organization said.”


3

“The Columbus area gained more than 18,000 residents in the year ending last July, the biggest gain since before the COVID pandemic, according to the latest Census estimates. But despite some population stability in the Midwest, most Ohio metro areas continue to shed residents, led by the Cleveland area, which has now lost more than 25,000 people in the past three years.”


“The 10-county Columbus metropolitan area grew by 18,205 residents to 2,180,271 as of July 1 of last year, the U.S. Census Bureau reported Thursday morning. It was the biggest jump since 2019 to 2020, although the Census cautions against using earlier data because of a change in methodology.”





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