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
OhioHealth and Select Medical are planning to bring a neuro transitional rehabilitation center at 6640 Perimeter Dr. Plans are that the building would be one story and 14,400 square feet on two acres. "With close proximity to retail shopping, patients will have the opportunity to visit the retail offerings with staff as part of their care program as they progress towards a discharge to the home setting.”
2
The Office market has continued to rebound from the effects of the pandemic in 2020. Office sales volume has increased however, greater demand does not always mean an increase in PSF. Looking at the office market from a national view, the year has had $52 billion in transactions while last year at this time had $36.9 billion. Data from CommercialEdge showed that the average price per square foot was $265 and $288 last year.
3
Ease Logistics, a multi-faceted logistics firm, is moving headquarters to a larger location in Dublin. This is the second move of headquarters in the past two years. This year, Ease Logistics was ranked No. 7 on Columbus Business First’s fastest-growing private companies list. The company will relocate to 6000 Perimeter Drive in Dublin and will invest about $25 million and almost double its regional personnel.