These days, investors are loving the Central Ohio real estate market. Once overlooked, Columbus has emerged as a solid investment choice. Columbus attracts both businesses and talent alike, offering investors opportunities in every market sector.
With that said, here are five reasons, why as an investor, you should take a closer look at Columbus!
1. We Have the Workforce.
The Central Ohio region, which consists of eleven counties, has 52 colleges and universities, including The Ohio State University, and produces approximately 22,000 college graduates annually. The region is home to one of the highest concentrations of college students in the United States, many of which remain long after graduation, creating a sustainable and growing pool of talent!
2. Millennials Live Here.
Columbus has one of the highest concentrations of the millennial population in the country, at 25.9%, according to Money.com. Millennials are the largest generation in the U.S. labor force and as such, companies need to have access to them. Therefore, a city such as Columbus, with an above-average concentration is highly attractive.
3. It’s a Logistical Sweet Spot.
The region is a global logistics hub that supports some of the world’s largest brands and top logistics service providers. Nearly 151 million people and more than 42,000 headquarters can be reached within a day’s drive, equating to 46% of the country’s population and 48% of headquarter operations.
4. It’s Affordable.
Affordability attracts talent and Columbus has that in spades. Columbus continues to be one of the most affordable cities in the country and recently ranked 9th on the Porch’s list of Cities Where Your Dollar Goes the Furthest and 24th out of 155 large U.S. cities on GoodHire’s list of Most Affordable Places to Live & Work in the U.S. in 2022.
5. We Keep Growing!
Columbus has seen consistent growth over the past several decades which is a strong indicator of a region’s overall health. It is one of the nation’s fastest-growing large metropolitan areas and the fastest growing in both the Midwest and the state. Since 2010, Columbus’ population has grown by 15%, according to U.S. Census data, and its downtown population has grown by 12% just since 2020, according to the recent State of Downtown report, and it shows no signs of slowing!