greater Columbus
Metropolitan area
2013 ECONOMIC OVERVIEW
T h e Col um b us , OH M e tr op ol i ta n s ta ti s ti ca l ar e a c o n si st s
o f: De l aw ar e , Fai r f i e l d, Fr an kl i n , Li cki n g, Madi so n , M o r r o w,
Pic k aw ay, an d Un i o n Co un ti e s i n O h i o
Greater Columbus
Metropolitan Area
Vacancy
2011
2012
%
Chg
Office
18.9%
18.7%
-0.2%
Downtown
16.6%
17.9%
1.0%
Suburban
20.1%
19.1%
-1.0%
Industrial
13.7%
11.8%
-1.9%
2013 DEMOGRAPHICS
Estimated Population
The City of Columbus was founded in 1812 and assumed the functions of state capital in 1816.
Columbus is the largest city in Ohio and the 15th largest city in the U.S. The city has a diverse
economy based on education, government, insurance, banking, fashion, defense, aviation, food,
clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology.
Modern Columbus has emerged as a technologically sophisticated city. It is home to the world’s
largest private research and development foundation, the Battelle Memorial Institute; Chemical
Abstracts Service, the world’s largest clearinghouse of chemical information; NetJets, the world’s
largest fractional ownership jet aircraft fleet; and The Ohio State University, the nation’s largest
college campus.
Why Columbus?
1,883,901
• Ohio Ranked #2 Best Business Climate by
Site Selection Magazine (2012)
labor force
• Columbus Named a Logistics Hotspot by
InBound Logistics Magazine (2010)
• Nationally recognized, award-winning
health care providers, including:
OhioHealth, Nationwide Children’s
Hospital, and the OSU Medical Center (the
Wexner Medical Center)
Cost of Living
• Ranked #4 for New Logistics Projects by
Site Selection Magazine (2012) & Ranked
Top City in Ohio for Business (Forbes 2012)
• Ranked in the Top 10 of cities greater than
500,000 in population with the Highest
Percentage of Roads in Good Condition.
• Ranked #2 by Kiplingers as Best City for
Commuters (2011)
• 7th Most Stable Housing Market in the U.S.
990,149
US Average
100
COLUMBUS, OH
93.0
Greater Columbus
Average Annual Pay
All Occupations
$66,804
Greater Columbus
Average Hourly Pay
Laborers & handlers
$12.00
• Ranked #9 Best City for New College
Grads by Business Week (2010)
• Ranked #9 “Biggest Brain Magnet” in the
U.S. by Forbes (2011)
• Six Fortune 500 companies and 15 Fortune
1000 companies have their corporate
headquarters in Columbus including:
Nationwide Insurance, American Electric
Power, Limited Brands, & Big Lots.
TRANSPORTATION & MARKET ACCESS
INTERSTATE TRUCKING
Columbus is within a one-day drive of 50% of
the U.S. and Canadian population. There are 18
major U.S. metro markets within 500 miles of
Columbus.
• Interstates
•I-71 & I-70 link the region to the U.S.
$69,105
• Air Travel & Transport
•Port Columbus is served by 9 major airlines
and has connections to over 30 non-stop
destinations.
•Rickenbacker International Airport and the
surrounding industrial parks are a major
global logistics hub located in U.S. Foreign
Trade Zone #138.
Unemployment rate
(DECEMBER 2012)
• Courier Service
•DHL, FedEx and UPS courier hubs are
within 100 miles.
Administrative support
$16.48
Management
$50.80
2012 Est. Avg. HH Income
Columbus MSA
5.4%
Ohio
6.7%
National
7.8%
• Railroad Systems
•Norfolk Southern and CSX, two of the largest
rail providers in the U.S., serve the area with
access to every major port in the eastern U.S.
•Enhanced freight rail connections to Norfolk,
VA; Baltimore, MD; and Wilmington, NC.
•The Norfolk Southern Intermodal Terminal at
Rickenbacker Airport is capable of handling
more than 400,000 containers annually.
Education and technology
• Home to two leading private research institutions - Battelle Memorial Institute & Chemical Abstracts Service
• Ranked #1 Up-and-Coming Tech City in the U.S. by Forbes (2008 & 2011)
• Ohio is ranked #2 in student access to technology among states with more than one million students, #8 overall
• In the Columbus area there are more than 54 colleges and universities with a total enrollment of 147,000 students annually
Student Enrollment for the Top five Area colleges:
tHE Ohio State Columbus State
DEVRY University
University
Community college
58,688
25,854
3,737
Franklin university
CAPITAL UNIVERsity
3,584
3,584
DISTRIBUTION STATISTICS
Commercial
Industrial
Oh Electric
9.45 cents/kWh
6.08 cents/kWh
US AVG Electric
10.12 cents/kWh
6.70 cents/kWh
Oh GAS
$0.806/CCF
$0.550/CCF
US Avg Gas
$0.848/CCF
$0.377/CCF
Additional statistics
• Insurance
$.05-$.10 psf
• CAM
$.20-$.40 psf
• Real estate tax estimates
$.50-$.90 psf
• 47% of U.S. manufacturing capacity is within a 1 day
truck drive from Columbus
Industry & EMPLOYMENT
Occupation
Professional and Related
Office Support
Services
Production and Transportation
Management
Sales
Health Care Support
Construction, Extraction, and Maintenance
Business and Financial Operations
Farming, Fishing, and Forestry
Top 25 Largest Employers
The Ohio State University
State of Ohio
JPMorgan Chase Bank
OhioHealth
Nationwide Mutual Insurance Co.
Kroger Co.
Columbus City Schools
City of Columbus
Mount Carmel Health System
Limited Brands, Inc
McDonald’s Corp.
Nationwide Children’s Hospital
Honda of America Manufacturing Inc
Franklin County
Huntington Bancshares Inc.
Cardinal Health Inc.
Giant Eagle Inc.
American Electric Power Company Inc.
DLA Land and Maritime
Columbus State Community College
Abercrombie & Fitch Co.
South-Western City Schools
Alliance Data Systems Corp.
Battelle Memorial Institute
State Farm Insurance
Employed Population
162,256
151,727
130,113
110,432
103,923
103,136
76,759
64,487
58,209
2,388
16.8%
15.7%
13.5%
11.5%
10.8%
10.7%
8.0%
6.7%
6.0%
0.2%
Employees
27,404
24,748
19,200
14,025
11,316
10,031
9,753
8,455
7,961
7,800
7,622
7,472
7,000
6,689
5,094
4,468
4,260
3,361
3,200
2,843
2,725
2,477
2,434
2,417
2,000
Key statistics on the Columbus workforce:
• Over 1.19 million workers live within 50 miles of
downtown Columbus
• Youthful workforce - Median age of 35
• Annual workforce growth rate of 1.3%
• Average commute to work is 25 minutes, below the
national average. 25% of workers commute less than 15
minutes to work.
• 1/3 of the population holds a bachelor’s degree or higher
• 59,500 scientists, engineers and technicians are employed
• 20% of the workforce is blue-collar, 54% is white-collar,
26% is in sales & service
Columbus Local Economy Make-up
Construction,
Extraction, and
Maintenance, 6.7%
Business and
Financial
Operations, 6.0%
Farming, Fishing,
and Forestry, 0.2%
Professional and
Related, 16.8%
Health Care
Support, 8.0%
Office Support,
15.7%
Sales, 10.7%
Management,
10.8%
Services, 13.5%
Production and
Transportation,
11.5%
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services firm (in terms of 2010 revenue).
The Company has approximately 31,000 employees (excluding
affiliates), and serves real estate owners, investors and occupiers
through more than 300 offices (excluding affiliates) worldwide.
CBRE offers strategic advice and execution for property sales
and leasing; corporate services; property, facilities and project
management; mortgage banking; appraisal and valuation;
development services; investment management; and research
and consulting. Please visit our Web site at www.cbre.com.
280 North High Street
Seventeenth Floor
Columbus, Ohio 43215
614.224.1492
www.cbre.com/columbus
© 2013 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty
or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future
performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent
investigation of the property to determine to your satisfaction the suitability of the property for your needs.