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  • Writer's pictureColliers | Columbus

THE WEEKLY REVIEW | May 3, 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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1

“Intel has produced a new video showing how its $28 billion Ohio One campus will look right down to the white New Albany fence when it is completed in a few years. The nearly four-minute video is meant to be a peek of how the area around the two factories will appear, from wetlands to pollinator plants to thousands of native trees that will provide biodiverse habitats for plants and wildlife, according to the semiconductor company behind the state's largest economic development project.”


“The video shows drivers on the road around the raised berms along the outside of the Intel campus, bicyclists and joggers on a path surrounded by native plants that leads to the factories and then the area right outside the factories, where workers are playing volleyball and enjoying other activities.”


2

Real estate debt is a big concern in today’s Fed environment, as the industry expects a 40% rise in debt maturities in 2024. Meanwhile, office properties – already facing record vacancies – represent the largest percentage increase in those properties. That’s according to recent research from Colliers, which provides both a dose of reality and some optimism about CRE’s looming debt picture as offices adapt both financially and in their facilities to maintain viability.”


Colliers’ comparison of the Mortgage Bankers Association’s data from 2022 and 2023 revealed that the difference in 2024 loan maturities rose by $270 billion. Aaron Jodka, Colliers’ director of research for U.S. Capital Markets, said banks accounted for $114 billion, followed by CMBS, CDO, and other ABS at $97 billion. In addition, credit companies, warehouses and ‘other’ increased by $53 billion.”


3

Rise Brands is bringing in a popular local pizza joint to take over its Weenie Wonder spaces. The Columbus-based owners of Pins Mechancial Co. closed two hot dog eateries earlier this year that were adjacent to the locations at Easton Town Center and at Bridge Park in Dublin.”


Tuesday the company announced that Mikey’s Late Night Slice will move into those spaces. The pizza shop specializes in New York-style slices of a traditional nature alongside rotating specials.”





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