Columbus - Known for being the home of The Ohio State University and the renowned COSI museum, Columbus serves as the “Buckeye” state capital and its cosmopolitan center. The city benefits from a robust, diversified economy with bustling neighborhoods, ranging from the Short North Arts District to the German Village. A combination of business, tourism, and higher education attracted over 51 million visitors during 2023, setting a record for the city.?The MSA has grown to be the 38th largest by market value in NCREIF’s NPI—up three spots from 41st in 2019. The market has experienced annualized five- and 10-year total returns of 2.9 and 4.9 percent, respectively. Though these long-term returns are more muted than other Emerging Trends top markets, more recent optimism has earned Columbus a position in the Emerging Trends movers and shakers listing for this year...
..The city’s resurgence appears backed by fundamentals. According to Bank of America Research, Columbus was the fastest growing city in terms of population in 2023, increasing 1.1 percent year-over-year. Since 2014, the city’s population grew at a 0.9 percent compound annual growth rate (CAGR) and is now estimated to be the 15th largest city in the country. The metro area’s employment has expanded at a compound annual rate of 1.5 percent since 2014. The city’s real GDP has increased by an annualized growth rate of 2.7 percent over this period. By all of these measures, Columbus is performing close to or better than the national average...
RSK: Madison, though a much smaller market, has seen this same growth on a smaller scale. Why Columbus? The State is business friendly. Could it be that it is run by a conservative Governor and legislature? Hard to say.
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- - Volume: 25 - WEEK: 33 Date: 8/13/2025 11:54:24 AM -