Ohio

The Utica shale gas resources are forecasted to bring an addition 65,000 at an average $50k per year to the long suffering Northeast sector of Ohio.  The area has been Ohio’s highest chronic [...]

Better times continue to get better for Columbus and Central Ohio residential real estate as 1,125 sales closed last month, a 6% increase over January 2011. Better yet is that 1,845 residential [...]

For the first time in five years, a majority of banks are considering growing their loan portfolio due to improving conditions in just about all sectors of the economy. There’s neither an [...]

Valuation appeals are accepted from December to March 31.  Your chances of winning are about 50 – 50 so it’s well worth doing, but must be done correctly.   Take a look at the short [...]

It’s back!  Business is cranking again and the phone is ringing.  CoStar news reports that the dollar volume of commercial real estate transactions are back up to historical long term average and [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Linked is a useful sortable report looking at not only vacancy and rent growth trends for multiunit residential, but also retail and office. Go to the link in the upper left of the page [...]