THE WEEKLY REVIEW | OCTOBER 6, 2023
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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“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.”
“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.”
“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.”