7.17.2016 WYNN LAS VEGASRegister Now

Columbus
columbus
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Columbus, Ohio

Properties Sampled 404 | Units Sampled 88,629 | Submarkets 10

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4th Quarter 2015 Columbus Apartment Trends

  • Effective Rent $822
  • Occupancy 95.5%
  • Annual Job Change 21,700 jobs
  • Annual Permits 3,665 units
  • Annual Demand 2,781 units
  • Annual Completions 2,921 units

4th Quarter Columbus Performance Highlights

Columbus recorded net move-outs from 1,057 units in 4th quarter 2015, sending occupancy down 0.9 points quarter-over-quarter, to 95.5%. Annually, demand essentially kept pace with new supply, resulting in no change to occupancy year-over-year. Meanwhile, rental rates rose 0.6% quarter-over-quarter and were up 4.4% year-over-year. That was the strongest annual rent performance in three years.

Source: MPF Research, www.mpfresearch.com

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