7.17.2016 WYNN LAS VEGASSAVE MY SEAT!

Columbus
columbus
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Columbus, Ohio

Properties Sampled 390 | Units Sampled 86,387 | Submarkets 10

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2nd Quarter 2015 Columbus Apartment Trends

  • Effective Rent $800
  • Occupancy 96.3%
  • Annual Job Change 16,100 jobs
  • Annual Permits 3,365 units
  • Annual Demand 2,642 units
  • Annual Completions 2,801 units

2nd Quarter Columbus Performance Highlights

Demand far outpaced supply in 2nd quarter 2015, 2,090 units to 505 units, sending occupancy up 1.1 points quarter-over-quarter, to 96.3%. Annually, demand roughly matched supply, yielding no meaningful change in occupancy. Meanwhile, rental rates rose 1.9% quarter-over-quarter and 2.4% year-over-year.

Source: MPF Research, www.mpfresearch.com

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