Daily finance had an interesting interview with Jeff Speck, author of Walkable City: How Downtown Can Save America, One Step at a Time. Jeff Speck is an architect and city planner in Washington DC and served on the Mayor’s Institute on City Design. He also served on the Sustainability Task Force of the Department of…
New High end apartments in the vicinity of downtown or the short north are commanding up to $3,000 per month. A wave of swanky apartments are coming online within the next 12 months with two bedroom unit approaching $2,000 per month, and townhouses and penthouses at up to $3,000 per month. The Wood Co. apartments…
There were 22,915 homes sales for all of 2012 and that was up 15.5 percent from 2011. These are the best numbers since 2007. Average sales price was up 7.2 percent to $167,459 for 2012 and December was $158,898, which is up 7.5 percent from December 2011. Median price was also up 8.7percent to $144,500…
There’s a lot going on around here aside from the I-70 / I-71 project. IF we have a mild winter as we did last year, it will get these projects moving along toward completion early in 2013 except for the freeway reconstruction. That will take a little bit longer. Columbus Commons, 600 Goodale, Harrison West,…
New data show major rebound in both commercial and residential construction led almost entirely by multifamily and single family development. Developers and builders started construction on the highest number of single family homes and apartments since July 2008. Multifamily rose 10% in October 2012 to an annualized rate of 285,000 units. Single family building application…
Columbus and Central Ohio October home sales were up for the tenth consecutive month with sales of 1,990 up 24.8 percent from October 2011 according to the Columbus Board of Realtors. Average price was $163,764, which is a 10percent increase from last October. New listings were up 12.1 percent, putting the current unsold inventory at…
CoStar’s CCRSI index show strong pricing gains across all commercial real estate segments for September 2012. Third quarter commercial real estate transactions closed with with strong pricing gains. CoStar’s two broadest indexes that measure aggregate pricing movement for commercial real estate properties, the CCRSI’s U.S. Value-Weighted Composite Index and the U.S. Equal-Weighted Composite Index, posted…
Single tenant, net leased retail has continued to gain strength as an asset class. With an economy barely growing, one could wonder why is triple net and absolute net retail as strong as it is? Given what else is available as a safe investment, it’s no wonder net leased retail is doing well. Ten year government…
The news is good again. Homes prices in Columbus and Central Ohio are up from same month last year with a average price of $178,766, which is up 6.4% over the same month last year. 2,326 Central Ohio homes sold during August 2012, which is an 12.3% increase over August 2011. Year to date home…
There’s continued good news for the Central Ohio market as homes sales were 2,429 for June 2012, up 18.1% from the 2,056 for June 2011. Sales for the first half of the year were 10,473, up from the first half for 2011 at 9,507. Median price was $155,250, up 15% from $135,000 in June 2011. …
Residential home sales are gaining strength in Columbus and Central Ohio according to the Columbus Board of Realtors. May 2012 homes sales were up for the fifth consecutive month to 2,070, up 5% from the 1,971 sales in May 2011. Year to date is 7,966 up 6% from 74,51 in the same time period last…
7I’ve been writing about this topic for most of the last 18 months. There is very little supply out there of the triple net or absolute net, single tenant, national credit retail opportunities, and that is of course what everyone wants. And what is available gets highly competitive and results in multiple offers and stupid…
And it was a great event on the newly finished Scioto Mile. The festival is now on both sides of the river and both bridges. The weather was mostly great except for a some sprinkles late Saturday afternoon. That’s better than what we had happen last year. This is the Midwest though and you have…
Tonight, Saturday and Sunday on the new Scioto Mile Riverfront as we celebrate the 200th birthday of Columbus Ohio. This is one of the great events in Columbus Ohio so hopefully we have nice weather for the weekend. For those folks who haven’t yet visited the new riverfront, here’s your chance. I hate to admit that…
I attended a seminar last week sponsored by the Columbus Board of Realtors with one of our largest regional banks, and I want to disseminate some of what I heard. Banks once again have production goals, so that could benefit you , the investor or owner user, IF you fit their profile. Huntington Bank as…
Today, I’m going to take a look at the preferred type of product for most of my buyers, and frankly for most buyers on the market these days, and that is triple net or absolute net, single tenant, single parcel, corporate leased retail. We’re talking the Wal-Mart’s, Kohl’s on the large end. Walgreens and CVSs…
Columbus Board of Realtors reported April home sales numbers today and its looking good. Unsold inventory is down and has been falling for the past 18 months, units sold are up and prices are up sharply. Unsold inventory is down 30.7% from this time last year. The number of new listings are down 4.2 year…
There are big differences on expansion plans for 2012 as we come out of this giant downturn and Obama Care goes into to full effect in 2014. To summarize: Rite Aid hopes to return to limited growth. Walgreens ramps up again after restrained growth over the last three years and CVS is full speed ahead….
A strengthening residential market seems to be the rule around central Ohio over the last year and its getting stronger. First quarter 2012 homes sales for Central Ohio were up 7.1 percent over first quarter 2011 with 4,045 this year versus 3.776 last year. The average price for March 2012 was $153,557, which is up…
Randyl Drummer with CoStar News reports that the rebound in office type jobs is becoming strong enough that we could see rent growth in the near future. The growth spreading to smaller businesses and secondary markets coupled with positive absorption and little new supply coming on the market will lead to rent growth over the…