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Downtown Office Vacancy Rates - News & Updates

Home Forums General Columbus Discussion Downtown Office Vacancy Rates – News & Updates

Viewing 15 posts - 31 through 45 (of 65 total)
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  • #391851

    Graybeak
    Participant

    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…

    #391852

    heresthecasey
    Participant

    @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.

    #391853

    News
    Participant

    Jan 15, 2014, 11:57am EST
    Best and worst Central Ohio office vacancy rates by submarket – COUNTDOWN
    Laura Newpoff
    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.html

    #391854

    News
    Participant

    Jan 30, 2014, 12:53pm EST
    Central Ohio’s most-expensive office markets – COUNTDOWN
    Laura Newpoff
    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.html

    #983020

    futureman
    Participant

    Just about one year later, an updated graphic again from Business First Columbus:

    Downtown Occupancy - March 2014

    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.

    #983898
    King Gambrinus
    King Gambrinus
    Participant

    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.

    #983902

    A161830
    Participant

    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).

    #983947

    Big Drew
    Participant

    Does the article mention what the vacancy rate is overall for the downtown area?

    #1026047

    News
    Participant

    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/

    #1029545

    heresthecasey
    Participant

    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.

    From here, http://www.bizjournals.com/columbus/news/2014/07/14/1-029-jobs-promised-in-tax-deals-led-by-alliance.html

    #1029581
    Caleb
    Caleb
    Participant

    Great to see even small businesses returning to Downtown.

    #1047745

    News
    Participant

    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/

    #1048111
    Walker Evans
    Walker Evans
    Keymaster

    According to Biz First, Downtown office vacancy rates are at 15.1 percent:

    http://www.bizjournals.com/columbus/blog/2014/10/central-ohio-s-hottest-office-markets-countdown.html

    Performing better than Worthington, Dublin and Bexley, but not as well as Gahanna, New Albany or Grandview.

    #1048192

    drtom1234
    Participant

    I’d be curious as to the breakdown of that for the downtown. How much is Class A, Class B, etc.

    #1050050

    News
    Participant

    Here’s a project-by-project look at Central Ohio’s office building pipeline – SLIDESHOW
    Nov 6, 2014, 11:20am EST
    Laura Newpoff
    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

Viewing 15 posts - 31 through 45 (of 65 total)

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