Downtown Columbus residences staying designed as populace nears 10,000

Apartments being built last summer on North 3rd Street just north of Long Street in Downtown Columbus.

Downtown Columbus’ residential population is anticipated to access 10,000 this year despite Covid-19 and an uncertain financial system and workplace market place.

The Point out of Downtown Columbus report by the Money Crossroads and Discovery particular improvement districts, unveiled through Wednesday’s Columbus Metropolitan Club discussion board, claimed that 9,855 individuals dwell Downtown, with an apartment occupancy fee of 85.7%. That was down from 94% the calendar year prior to.

Just one rationale: Six apartment structures opened in Downtown Columbus, bringing the total amount of housing units Downtown to 8,062. Another 1,169 models, a $128 million investment decision, are underneath construction, with an additional 1,591 units totaling $506 million proposed.

Brad DeHays, founder of Link Realty and one of three panelists at the discussion board, reported he thinks there will proceed to be demand from customers for Downtown housing. He stated the quantity of new initiatives in the performs reveals that builders keep on being bullish.