Columbus Experiencing Apartment Boom - NBC4: Columbus, Ohio News, Weather, and Sports (WCMH-TV)

Columbus Experiencing Apartment Boom

Posted: Updated:
COLUMBUS, Ohio -

The building boom, particularly when it comes to apartments in Columbus, is incredible.

There are more than 10,000 new units planned for Columbus through 2014, according to Vogt Santer Insights, a national market research firm based in Columbus.

The Hubbard at Hubbard and High streets will be opening this fall.

It will be five stories of apartments with retail on the first floor.

Later this month, the same company will start refurbishing the fireproof warehouse, turning that into apartments.

"The Short North -- the excitement and the momentum in the Short North is incredible. We've got five projects that we're working on that are within three or four blocks," said developer Mike Fitzpatrick.

A combination of an improving economy, pent up demand from a recession and an increased population has spurred the development.

"The net change in Franklin County's population was 16,000 in the last year, 32,000 in the last two years. We have now the largest percentage of growth on any county in Ohio," said Bill Lafayette with Regionomics, a Columbus-based consulting firm that specializes in business trends.

And all of these new people need a new place to live.

In a rare move, Columbus is going through the opposite of urban flight.

People are moving here and thousands of apartments are being built right now to make sure they have a place to live.

"If the trends continue," said Lafayette, "we're going to be the largest metro in Ohio."

Special Features

        Radar                           NBC4 Apps                      E-mail Alerts                        Traffic                   Send A News Tip
                   
Powered by WorldNow

3165 Olentangy River Road
Columbus, OH 43202

Telephone: 614.263.4444
Fax: 614.263.0166
Email: stories@nbc4i.com

NBC4 BBB Business Review
Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.