Downtown Office Vacancy Rates - News & Updates
December 6, 2013 9:30 pm at 9:30 pm #391851
100+ in PNC, a couple thousand in 180 E Broad. Plus folks that visit from hospitals.
To get an idea of the impact, watch the intersection of Young and Broad (in front of the Subway) from 8:15 til 9:15, and from 4:30-5:15. No one can be troubled to go to the lights at either end of the block.
Now, with the possibility of people crossing throughout the whole day, it could be dangerous.
Now mind you, they do already have the skywalk from the parking garage there to the PNC building, so we won’t have to deal with that same twice a day exodus across Fourth St…December 6, 2013 10:46 pm at 10:46 pm #391852
@Greybeak, An even better solution would be a properly marked and signaled crosswalk at that intersection (Young/Broad). The answer isn’t moving pedestrians off of the ground entirely, it’s slowing traffic and making motorists aware that they need to stop and yield to people crossing the street.
Also, anyone walking from PNC to 180 would presumably cross at the light at 4th/Broad anyway, since it’s the most direct route between the two buildings.January 15, 2014 7:08 pm at 7:08 pm #391853
Jan 15, 2014, 11:57am EST
Best and worst Central Ohio office vacancy rates by submarket – COUNTDOWN
Assistant Managing Editor-Digital – Business First
Office vacancies in Central Ohio are on the decline thanks to a diverse economy and a robust roster of corporations mixed in with Ohio State University and state government.
READ MORE: http://www.bizjournals.com/columbus/blog/2014/01/best-and-worst-central-ohio-office.htmlJanuary 30, 2014 7:13 pm at 7:13 pm #391854
Jan 30, 2014, 12:53pm EST
Central Ohio’s most-expensive office markets – COUNTDOWN
Assistant Managing Editor-Digital – Business First
We recently reported on the state of Central Ohio’s office market, which has experienced a drop in vacancies thanks to the region’s diverse and recovering economy.
READ MORE: http://www.bizjournals.com/columbus/blog/2014/01/central-ohios-most-expensive-office.htmlMarch 21, 2014 9:00 am at 9:00 am #983020
Just about one year later, an updated graphic again from Business First Columbus:
Four new buildings in the graphic now: Columbia Gas (old – and current), 250 High St (under construction), 175 on the park, and new Columbia Gas building in the Arena District.March 21, 2014 3:43 pm at 3:43 pm #983898
Out of curiosity what is considered a healthy vacancy rate? Also any word on what’s going to happen when Columbia Gas moves out of their current building? That’ll flood a ton of space into the market.March 21, 2014 3:53 pm at 3:53 pm #983902
Under 10% would be considered healthy. I’ve heard there is a tenant interested in taking the old Columbia Gas building but nothing signed up yet. It will likely stay an office building (no residential conversion).March 21, 2014 4:51 pm at 4:51 pm #983947
Does the article mention what the vacancy rate is overall for the downtown area?June 24, 2014 9:14 am at 9:14 am #1026047
Office Tour Series Brings New Business to Downtown
ENTREPRENEURIAL SUPPORT — BY SUSAN POST ON JUNE 24, 2014 AT 8:00 AM
Capital Crossroads SID wrapped up a six-part downtown office tour series that brought at least two new businesses to the area. A grant from the Create Columbus Commission made the program possible and also helped the SID launch a searchable online database of available office spaces downtown.
READ MORE: https://www.themetropreneur.com/columbus/columbus-office-tours/July 14, 2014 5:05 pm at 5:05 pm #1029545
Multiple companies are up for city incentives to relocate/expand around downtown,
CoverMyMeds LLC, a fast-growing medical technology business, wants to move 60 jobs and create another 111 at the Two Miranova Place office building downtown.
Jeni’s Splendid Ice Creams also wants to move its corporate offices and 55 jobs to an undisclosed location downtown. Mayor Michael Coleman’s administration has proposed a five-year, 50 percent Downtown Office Incentive to prompt that relocation.
Christopher Hamrick’s Basecraft branding and strategy consulting firm at 21 E. State St. wants to create 30 new full-time jobs and retain six under a planned three-year, 50 percent Downtown Office Incentive.July 14, 2014 8:55 pm at 8:55 pm #1029581
Great to see even small businesses returning to Downtown.October 25, 2014 11:08 am at 11:08 am #1047745
Cassidy Turley: Columbus office market continues to improve
October 24, 2014 | Staff Writer
The office market has been a sluggish one in most Midwest cities. But in Columbus, at least, this sector is showing steady improvement. That’s the takeaway from Cassidy Turley’s third-quarter Columbus office report, which found improvements in both vacancy rates and net absorption in the third quarter in Ohio’s capital city.
READ MORE: http://www.rejournals.com/2014/10/24/cassidy-turley-columbus-office-market-continues-to-improve/October 28, 2014 12:26 pm at 12:26 pm #1048111
According to Biz First, Downtown office vacancy rates are at 15.1 percent:
Performing better than Worthington, Dublin and Bexley, but not as well as Gahanna, New Albany or Grandview.October 28, 2014 9:57 pm at 9:57 pm #1048192
I’d be curious as to the breakdown of that for the downtown. How much is Class A, Class B, etc.November 12, 2014 12:42 pm at 12:42 pm #1050050
Here’s a project-by-project look at Central Ohio’s office building pipeline – SLIDESHOW
Nov 6, 2014, 11:20am EST
Assistant Managing Editor-Digital – Columbus Business First
Hundreds of thousands of square feet of office space remained under construction in the Central Ohio market in the third quarter with several projects expected to open before year’s end.
READ MORE: http://www.bizjournals.com/columbus/blog/2014/11/here-s-a-project-by-project-look-at-central-ohio-s.html
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