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Central Ohio 
Retail Overview

Market Overview

Located in the center of Ohio, Columbus is the 2nd largest city in the Midwest and the 14th largest in the U.S. The region, whose population has never declined, is experiencing a period of tremendous growth and boasts some of the best business resources around.

With 52 colleges and universities in the area, the region possesses a young, educated workforce that is expanding at a rate substantially higher than the national average. Columbus is known for retaining this talent, as the city has one of the largest concentration of millennials in the nation and was ranked the #1 place for college grads by SmartAsset.

No industry accounts for more than 18 percent of employment, meaning Columbus’ economy is more diversified than ever. The area is home to numerous Fortune 1000 and Fortune 500 companies, reinforcing its reputation as a first-class business environment.

Columbus is located within a 10-hour drive of 46 percent of the country’s population, making it a point of access for businesses and consumers. With access to top transportation networks like John Glenn International Airport, Rickenbacker International Airport, numerous rail terminals and national interstates, Columbus is a certified logistics hub.

Current population is 2.2M and expected to grow to 3M by 2050

Columbus sees 39.3M annual visitors

Why Columbus?

Our Why Columbus piece details all of the facets of Central Ohio that make it special. From the local economy, business environment, strategic location, educated workforce, infrastructure and quality of life, this report illuminates everything that Columbus has to offer.

Quarterly Retail Reports

The Columbus retail market saw positive absorption within the last 12 months with a slight vacancy rate decrease of five basis points from last quarter to 3.26 percent. This is largely due to leasing activity outperforming tenant move-outs. ALDI signed over 20,000 square feet in Grandview at 885 W 5th Ave, and Family Dollar signed their 12,000 square foot space at 3307 E Broad St. Development remains strong with 491,674 square feet of retail product under construction. This quarter, the majority of under construction and deliveries were freestanding properties. In 2024, the Central Ohio market can anticipate consistent demand from tenants, developers and investors. Click below to view our Retail Trends Reports.

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