Columbus

The unseasonably warm January weather has helped keep many of the new Columbus Ohio commercial real estate downtown projects on or ahead of schedule. Walker Evans from Columbus Underground brings [...]

Randyl Drummer from CoStar News reports that office space absorption doubled in 2011.  Vacancies declined in nearly 2/3rds of the markets as the office using job base has expanded.  Existing [...]

Positive net absorption has continued for the last eight consecutive quarters.  The first half of the year was strong then third quarter weakened due to the uncertainly caused by the U.S. debt [...]

Columbus and Central Ohio had 19,956 single-family and condo home sales during the year 2011. There were 19,700 residential home sales in 2010.  2011 was only 1.3 percent behind 2010 according to [...]

CoStar’s monthly National Composite Index of Commercial Real Estate increased for the seventh consecutive month in November 2011.  I know its January 19, 2012, but it takes them around 45 days to [...]

I think 2012 will be a considerably better year for commercial real estate and an improved year for single family residential. I’m working with out of state retail buyers looking for out of [...]

Even the the office market is picking up around Columbus and Central Ohio with a positive absorption of 303,207 square feet for the fourth quarter of 2011.  Major tenants leasing space last year [...]

According to Randyl Drummer at CoStar News, non residential commercial construction posted a 4.5% gain in November over same month last year.  All segments showed solid gains. Residential [...]

Owners and potential sellers – we have a need for single tenant, triple net NNN leased or better yet, absolute net, long corporate leased retail.  We have 1031 exchange uplegs and we need [...]

International Retailer seeks Central Ohio franchisee for entire Columbus MSA.  They are not interested in individual store franchisees, but a franchisee for entire market on an exclusive basis.  [...]

Since this should be much stronger year for retail I thought this would be of interest to a few folks considering a franchise.  There were 13,725 new units added and a 16 percent growth over 2010 [...]

The Ohio EPA has agreed not to impede the redevopment of the 6 ½ acre second site of the plan at Kingsdale Shopping Center at 1760 – 1800 Zollinger Road in Upper Arlington.  The site is the home [...]

As Columbus begins celebration of its bicentennial year in 2012, many major projects are complete or in progress.  Completed includes two new major downtown parks, Columbus Commons and Scioto [...]

Retailer seeks Central Ohio franchisee for entire Columbus MSA.  Great brand that has never been here before.  Potential of seven to ten stores.  It makes no difference whether the real estate is [...]

I know I’ve been posting more residential real estate news over the last week or so than I have commercial.  Commercial real estate pretty much shuts down this time of the year unless you [...]

CoStar News reports that starts of multiunit residential construction were up 32.2% from October 2011 to 230,000, which is the highest since September 2008.  True, the number of new apartment [...]

Homes sales in Central Ohio were 1,406 for the month and that’s up almost 7% over November last year.  Homes going into contract increased 37% last month over a year ago making November the [...]

The Columbus and Central Ohio jobless number was 7.6% in October 2011 and dropped to 6.6% in November 2011.  That’s a major improvement. That’s the best in three years. The lowest was Delaware [...]

For the first time since 2008, overall commercial real estate prices are on the increase.  CoStar’s monthly National Composite Index of Commercial Real Estate increased 2.2% and that’s the first [...]

I did a video blog update last night at about 2:30 AM to update current commercial real estate market conditions concerning apartments and retail as we get very close to year-end. I’m still [...]