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STATE OF DOWNTOWN COLUMBUSe

YEAR END 2017

Prepared by Capital Crossroads & Discovery Special Improvement Districts | 2

THE POWER OF TRANSIT

Starting June 1, eligible downtown companies can In Partnership: offer unlimited bus access to employees thanks to Capital Crossroads Special Improvement District, Mid- Regional Planning Commission and corporate partners. There’s no cost to eligible organizations or employees.

Enrollment begins May 1, 2018 at Community Connectors: DowntownCPass.com

CPass activation June 1, 2018

Companies must be within the Capital Crossroads Sustainable Supporters: Special Improvement District. Certain Franklin County and City of Columbus employees are also City of Columbus Create Columbus Commission eligible. Contact your agency for more information. Bailey Cavalieri CSX Kegler Brown Fifth Third Bank MACBEA Foundation KeyBank Schneider Downs Medical Mutual of Ohio Transit Center PNC Bank

A Capital Crossroads SID Program As of February 1, 2018 Powered by gohio commute In association with | 2 i ABOUT US | 3

Capital Crossroads Special Improvement District (CCSID) is an association of more 670 than 500 commercial and residential property owners in 38-square blocks of downtown Columbus. Its purpose NEIL

HUNTINGTON NATIONWIDE is to support the development of PARK ARENA downtown Columbus as a clean, safe and fun place to work, live and play.

SPRING HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD Hours of Operation: LONG 6 a.m. - 2 a.m. Monday - Saturday; GAY COLUMBUS MUSEUM 9:30 a.m. - 6 p.m. Sunday OF ART 71 BROAD

STATEHOUSE TOPIARY Discovery Special PARK COLUMBUS METROPOLITAN Improvement District LIBRARY COLUMBUS COMMONS (DSID) helps property owners RICH create and maintain a safe, vibrant, diverse, distinctive and walkable MAIN mixed-use neighborhood. Discovery SID was formed in 2005 by property owners in the eastern area of downtown. Capital Crossroads Special Improvement District Hours of Operation: Discovery Special Improvement District 6 a.m. – 2 a.m. Monday – Saturday; 9:30 a.m. – 8 p.m. Sunday Downtown District

ABOUT THIS REPORT Community Connectors:

The CCSID and DSID monitor and track information that gauges the vitality of the central business district. Unless otherwise specified, the content included is specific to the Downtown District: the area bounded by I-670, I-71, I-70 and the CSX railroad tracks. Sustainable Supporters: All information is believed accurate at the time received. Where outside sources are used, attribution is provided. SID staff monitors and interprets downtown data covering a variety of areas, and every effort is given to provide the most accurate information possible. 23 N. Fourth St. Columbus OH 43215 SID staff is available to provide custom research. Please contact Marc Conte at (614) 591-4565 [email protected] or (614) 591-4507 for more information. DowntownColumbus.com

Photo credits: Andy Spessard, City of Columbus, Larry Hamill, Randall Schieber, Cory Klein Photography, Customer Service Hotline: Express, Gay Street Collaborative and MORPC (614) 228-5718 Design: Amy Collins | 4

05 Report Highlights TABLE OF CONTENTS • 06 Major Investments

11 Housing & Residents

17 Employment & Office

22 Education

23 Retail

26 Hospitality & Attractions

29 Transportation & Land Use

31 City of Columbus Incentives | 4 • REPORT HIGHLIGHTS | 5

Major Investments $1.9 BILLION $548 MILLION $360 MILLION PROPOSED UNDER CONSTRUCTION COMPLETED IN 2017

35 PROJECTS 29 PROJECTS 22 PROJECTS

Housing & Employment & Education Residents Office 8,400 85,248 4 RESIDENTS WORKERS COLLEGES & UNIVERSITIES 93% APARTMENT 13.3% OFFICE VACANCY RATE 33,692 OCCUPANCY (CLASS A, B & C) COLLEGE STUDENTS

Retail Hospitality & Transportation Attractions & Land Use 12 436 87 NEW RETAILERS IN 2017 ROOMS PROPOSED OR CARS PER 100 WORKERS UNDER CONSTRUCTION DRIVE INTO DOWNTOWN 240+ RETAIL GOODS & SERVICES 69.1% 15% BUSINESSES OCCUPANCY RATE INCREASE IN COTA CBUS RIDERSHIP MAJOR INVESTMENTS || 66

HIGHLIGHTS

The next phase of the Scioto Peninsula revitalization begins this fall, and the Columbus Downtown Development Corporation (CDDC) selected Buckingham Companies as the master developer. The project consists of mixed-use development including housing, office space, a boutique hotel, restaurant and retail space, and an iconic building opposite COSI. The first phase of the White Castle headquarters redevelopment just west of the was approved. It will include housing, office buildings and an amphitheater.

$1.9 BILLION PROPOSED Notable Projects Scioto Peninsula redevelopment ($500 million) Millennial Tower ($150 million)

$548 MILLION UNDER CONSTRUCTION Notable Projects 80 on the Commons ($90 million) Michael B. Coleman Government Center ($60 million)

$360 MILLION COMPLETED IN 2017 Notable Projects Convention Center Upgrades ($125 million) Citizens Building Apartments ($35 million) Scioto Peninsula Park and Parking Garage ($34 million) || 66 MAJOR INVESTMENTS | 7

670

NEIL

HUNTINGTON NATIONWIDE PARK ARENA

SPRING HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD LONG 71

GAY BROAD

STATEHOUSE TOPIARY STATE PARK COLUMBUS METROPOLITAN LIBRARY COLUMBUS COMMONS

RICH

MAIN

PROPOSED UNDER CONSTRUCTION COMPLETED IN 2017

2% EDUCATION 2% 3% 6% 2% OFFICE 6% PARKING 2% HOSPITALITY PARKING GOVERNMENT 1% OTHER 7% OTHER 3% 7% INSTITUTIONAL RESIDENTIAL TRANSPORTATION

27% 9% RESIDENTIAL 13% PARK INSTITUTIONAL 41% 44% 47% HOSPITALITY MIXED USE TRANSPORTATION 34% 24% RESIDENTIAL 20% MIXED USE OFFICE

MAJOR INVESTMENTS | 8

Cost Estimate Proposed Projects Location (Millions) Use CSCC Hospitality and Culinary Arts School Cleveland & Mt. Vernon $33.6 Education AC Hotel Park & Spruce $22.8 Hotel/Retail Scioto Peninsula Redevelopment Belle & Broad $500.0 Mixed Use White Castle HQ & Community Center 555 W. Goodale St. $25.0 Office Huntington Center Upgrades $5.0 Office 231 N. Fifth St. Façade Improvements Fifth & McKee $0.1 Office White Castle Office 2 555 W. Goodale St. NA Office Convention Center East Garage Fourth & Nationwide $18.0 Parking White Castle Public Garage 555 W. Goodale St. NA Parking Washington Gladden Social Justice Park Cleveland & Broad $1.6 Plaza The View on Long Pearl & Long $16.0 Residential Neighborhood Launch - 6th & Gay Sixth & Gay $4.2 Residential 220 E. Main St. Apartments Fifth & Main $1.0 Residential White Castle Residential 3A 555 W. Goodale St. NA Residential Washington & Town Apartments Washington & Town NA Residential 350 E. Broad St. Apartments Grant & Broad NA Residential 640-650 W. Nationwide Mixed-Use Development Pen West $40.0 Residential/Office Market Tower Park & Spruce $120.0 Residential/Office/Retail 265 E. State St. Apartments Sixth & State $35.0 Residential/Office/Retail Millennial Tower Front & Rich $150.0 Residential/Office/Retail/Hospitality Motorists Residential Project Washington & Oak $20.0 Residential/Retail 255 South High Apartments High & Cherry $18.0 Residential/Retail 274 E. Long St. Neilston & Long $1.0 Residential/Retail 230 E. Long St. Apartments Fifth & Long NA Residential/Retail Third & Long Redevelopment Third & Long NA Residential/Retail 195 E. Main St. Apartments Fourth & Main NA Residential/Retail Creative Campus Streetscape Improvements Ninth & Gay $8.0 Streetscape 70/71 Phase 6B-E - West Interchange I-70 & 71 $280.0 Transportation 70/71 Phase 2D - South Innerbelt I-70 & 71 $166.0 Transportation 70/71 Phase 4R - Inbound Downtown I-70 & 71 $128.0 Transportation 70/71 Phase 5 - 70 East Freeway I-70 & 71 $95.0 Transportation 70/71 Phase 6R - Outbound Downtown I-70 & 71 $82.0 Transportation 70/71 Phase 3B - East IB Broad to Long I-70 & 71 $78.0 Transportation 70/71 Phase 4B - Fulton & Livingston I-70 & 71 $59.0 Transportation Pen West Pedestrian Bridge Pen West $2.0 Transportation TOTAL $1.9 Billion

Cost Estimate Projects Under Construction Location (Millions) Use Canopy by Hilton High & Nationwide $24.4 Hospitality Home2Suites Hotel Grant & Main $8.0 Hospitality National Veterans Memorial and Museum Belle & Broad $55.0 Institutional Grant Medical Center Expansion Grant & State $17.4 Institutional Michael B. Coleman Government Center Front & Long $60.0 Office The Hayden Renovation Capitol Square $18.5 Office 405 E. Town St. Grant & Town $0.5 Office 34 S. Third St. Capitol Square $29.0 Office/Retail Former Light Plant Pen West $20.2 Office/Retail 457-459 N. High St. High & Vine $3.0 Office/Retail 101 E. Main St. Renovation Third & Main $2.6 Office/Retail 44 N. High St. High & Gay NA Office/Retail Grant Medical Center Parking Garage Grant & Rich $19.0 Parking Parks Edge Condominiums Phase II Arena District $31.0 Residential Lifestyle Communities Trautman Block High & Rich $15.0 Residential 330 Oak Street Apartments Grant & Oak $10.0 Residential The View on Grant Grant & Mt. Vernon $6.0 Residential

Sources: City of Columbus Department of Development, Developer and Architects continued on next page | 8 MAJOR INVESTMENTS | 9

Sixth Street Mews Phase II Sixth & Gay $3.5 Residential 65-67 S. Fifth St. Fifth & Oak $1.5 Residential 80 on the Commons Third & Rich $90.0 Residential/Office/Retail White-Haines/Madison's High & Gay $14.3 Residential/Office/Retail 85-111 N. High St. High & Gay $40.0 Residential/Retail Lifestyle Communities Matan Block Front & Main $15.0 Residential/Retail Lifestyle Communities Beatty Block High & Rich $15.0 Residential/Retail Microliving @ Long and Front Front & Long $11.0 Residential/Retail The Lear Block Sixth & Long $2.5 Residential/Retail Haveli Bistro High & Spring NA Retail Pecan Penny's BBQ Third & Main NA Retail 70/71 Phase 2E&G - Fulton, Grant & Mound I-70 & 71 $36.0 Transportation TOTAL $548 Million

Cost Estimate Completed Projects in 2017 Location (Millions) Use Fire Station #2 Fourth & Fulton $7.0 Government Convention Center Upgrades High & Goodale $125.0 Hospitality Hotel LeVeque Autograph Collection Front & Broad $22.0 Hospitality Bone and Joint Center at Grant Sixth & Town $19.8 Institutional Grant Medical Center Helipad & Trauma Center Grant & State $5.7 Institutional Weisheimer Project Fourth & Chestnut $1.4 Office Scioto Peninsula Park and Parking Garage Belle & Broad $34.0 Park/Parking City of Columbus Parking Garage Front & Long $15.0 Parking Long Street Garage Renovation Third & Long $5.4 Parking Grant Parking Façade Improvement Sixth & Town $0.3 Parking SERS Plaza Grant & Broad NA Plaza Citizens Building Apartments High & Gay $35.0 Residential Parks Edge Condominiums Neil & Spring $34.0 Residential The Neilston Fifth & Long $12.5 Residential 303 S. Front St. Apartments Front & Main $12.0 Residential Sixth Street Mews Sixth & Gay $3.2 Residential The LeVeque Tower Residences Front & Broad $3.0 Residential 223 East Town Apartments Fifth & Town $13.0 Residential/Retail Mercantile Building Fourth & Noble $8.2 Residential/Retail Jeff Ruby's Steakhouse Third & Nationwide $2.5 Retail Smith Bros. Rooftop Fourth & Goodale NA Retail Lynn & Pearl Alley Improvements Pearl & Lynn $1.0 Streetscape TOTAL $360 Million

Downtown Investments Based on Year Completed Year Completed Private Public Total $350 2007 $94 $0 $94 $300 2008 $59 $0 $59 2009 $76 $61 $137 $250 2010 $147 $77 $225

$200 2011 $25 $190 $215 2012 $207 $54 $261 $150 2013 $81 $32 $113 2014 $76 $231 $307 $100 2015 $207 $113 $320 $50 2016 $78 $49 $127 2017 $212 $148 $360 $0 Investment in millions of 2017 dollars in millions of 2017 Investment TOTAL $1,262 $956 $2,218 7 200 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 PUBLIC (In Millions of 2017 dollars)

PRIVATE continued on next page Sources: City of Columbus Department of Development, Developers and Architects MAJOR INVESTMENTS SPOTLIGHT | 10

Michael B. Coleman Government Center

The opening of the Michael B. Coleman Government Street-level space features a retail design, with a security Center in winter 2018, the City of Columbus creates a desk offering guidance as customers move through a “one-stop shop” by consolidating city departments to concourse where they can easily identify services. The improve operational efficiency and customer experience. second floor features public meeting space including a The departments of Building and Zoning, Public Service, hearing room. The remainder of the building is dedicated to Development and part of Public Utilities reside at one city departments. Just north of building is an 8-story garage location to streamline access for customers. to provide parking for city employees, fleet vehicles and customers. The exterior of the Coleman Center features a central campus green with pathways connecting buildings, as well Design of the Michael B. Coleman Government Center was as seating, lighting, public art and a rain garden. The design a partnership, with DesignGroup overseeing exterior work team took a forward-thinking approach to public art by and Schooley Caldwell Architects overseeing interior work. choosing local artist Adam Brouillette to select a team of Landscape architecture came from MKSK, and Messer artists to incorporate public art into the building design. Construction was the general contractor. | 10 HOUSING & RESIDENTS | 11

HIGHLIGHTS

Cranes dot the skyline as residential development continues downtown. Crawford Hoying and Bluestone Brothers opened 223 E. Town St. Borror expanded the RiverSouth community with 303 S. Front St. The Citizens Building at Gay and High Streets opened. Motorists is beginning its residential project this spring. Capital University is partnering with Pizzuti on a mixed-use development at Grant Ave. and Oak St. The downtown residential population is projected to reach 10,000 by 2020. 8,400 RESIDENTS

6,084 RESIDENTIAL UNITS 93% APARTMENT OCCUPANCY $405.2 MILLION PROPOSED 3,411 UNITS PROPOSED $255 MILLION UNDER CONSTRUCTION 1,040 UNITS UNDER CONSTRUCTION

$121 MILLION COMPLETED 478 UNITS COMPLETED IN 2017

Source: US Census ACS 2015, CCSID, DSID HOUSING & RESIDENTS | 12

670

NEIL

HUNTINGTON NATIONWIDE PARK ARENA

SPRING HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD LONG 71

GAY COLUMBUS MUSEUM OF ART BROAD

STATEHOUSE TOPIARY STATE PARK COLUMBUS METROPOLITAN LIBRARY COLUMBUS COMMONS

RICH

MAIN

PROPOSED UNDER CONSTRUCTION COMPLETED IN 2017

Housing Unit Tenure Breakdown: Owner Occupied Vs. Rental

11% 11% OWNER MIX 17% OCCUPIED OWNER OCCUPIED 38% 61% RENTAL MIX 78% 83% RENTAL RENTAL 1% OWNER OCCUPIED

| 12 HOUSING & RESIDENTS | 13

Proposed Address Number Of Units Tenure Scioto Peninsula Redevelopment Belle & Broad 1700 Mix 640-650 W. Nationwide Mixed-Use Development 640 W. Nationwide Blvd. 300 Rental 230 E. Long St. Apartments 230 E. Long St. 234 Rental 265 E. State St. Apartments 265 E. State St. 222 Rental Market Tower 45 Spruce St. 200 NA Millennial Tower Front & Rich 179 Mix 255 South High Apartments 255 S. High St. 120 Rental 195 E. Main St. Apartments 195 E. Main St. 106 Rental The View on Long 55 E. Long St. 95 Rental Third & Long Redevelopment 134 E. Long St. 82 Rental Motorists Residential Project 65 S. Washington Ave. 68 Rental 350 E. Broad St. Apartments 350 E. Broad St. 60 Rental Neighborhood Launch - 6th & Gay 304 E. Gay St. 28 Owner Occupied 220 E. Main St. Apartments 220 E. Main St. 14 Rental 274 E. Long St. 274 E. Long St. 3 Rental Washington & Town Apartments 497 E. Town St. NA Rental White Castle Residential 555 W. Goodale St. NA NA TOTAL 3,411 Units

Under Construction Address Number Of Units Tenure 85-111 N. High St. 85 N. High St. 164 Rental Lifestyle Communities Matan Block 261 S. Front St. 150 Rental Lifestyle Communities Beatty Block 229 S. High St. 121 Rental 80 on the Commons 225 S. Third St. 118 Mix Lifestyle Communities Trautman Block 203 S. High St. 106 Rental 330 Oak Street Apartments 330 E. Oak St. 100 Rental Parks Edge Condominiums Phase II 230 W. Spring St. 82 Owner Occupied The View on Grant 358 Mt. Vernon Ave. 70 Rental Microliving @ Long and Front 55 W Long St. 36 Rental White-Haines/Madison's 72 N. High St. 30 Rental Sixth Street Mews Phase II Sixth & Gay 28 Owner Occupied The Lear Block 155 N. Sixth St. 26 Rental 65-67 S. Fifth St. 65 S. Fifth St. 9 Rental TOTAL 1,040 Units

Completed in 2017 Address Number Of Units Tenure The Neilston Fifth & Long 130 Rental 223 East Town Apartments 223 E. Town St. 80 Rental 303 S. Front St. Apartments 303 S. Front St. 76 Rental Citizens Building Apartments 51 N. High St. 65 Rental Parks Edge Condominiums 250 W. Spring St. 61 Owner Occupied Mercantile Building 309 S. Fourth St. 44 Rental Sixth Street Mews Sixth & Gay 12 Owner Occupied The LeVeque Tower Residences 50 W. Broad St. 10 Owner Occupied TOTAL 478 Units

Sources: City of Columbus Department of Development, Developers and Architects HOUSING & RESIDENTS | 14

Population And Housing Units Sales of Owner-Occupied Units 2016 2017 2016 2017 Rental 4,463 4,720 Sales of New Units 15 73 Owner Occupied 1,280 1,364 Median Sale Price - New $400,955 $613,214 Total Housing Units 5,743 6,084 Median Price/Sq. Ft. - New $277 $345 Population 8,100 8,400 Sales of All Units 195 212 Median Sale Price - All $248,000 $387,500 Median Price/Sq. Ft. - All $245 $286

Downtown Population Comparison 2017 People Area 2000 Population 2017 Population Per Acre Percent Increase Land Area (Acres) Columbus 3,488 8,400 5.6 141% 1,500 Cleveland 11,060 15,000 11.3 36% 1,332 Cincinnati 10,827 17,395 18.7 61% 930

Apartment Rents And Occupancy Average Rent Average Unit SF Percent Market Rate Units Area 1-Br and Smaller 1-Br and Larger 1-Br and Larger 2-Br and Larger Occupied Completed in 2017 Downtown $1,315 $2,044 651 1,242 92.8% 478 Central Ohio $765 $1,032 721 1,191 96.2% 1,362 (Estimated) US $1,415 $1,624 752 1,126 92.5% 346,510 (Estimated)

Source: Vogt Strategic Insights

YEAR Population Housing Units Downtown Residents and Housing Units 2002-2020 2002 3,619 2,251 2003 3,793 2,418 2004 4,078 2,764 2005 4,402 2,943 12,000 2006 4,722 3,247 2007 4,943 3,356 10,000 2008 5,314 3,670 2009 5,576 3,957 8,000 2010 5,991 4,127 2011 6,249 4,382 6,000 2012 6,322 4,371 2013 6,675 4,984 4,000 2014 7,080 5,109 2015 7,716 5,366 2,000 2016 8,100 5,743 2017 8,400 6,084 2018** 9,500 6,900 0 2019** 10,800 7,900 2011 2013 2015 2017 2012 2018 2014 2019 2016 2010 2003 2005 2007 2020 2002 2004 2008 2006 2009 2020** 11,750 8,600

Source: Franklin County Auditor, Vogt Strategic Insights, CCSID & DSID ** Projection 2018-2020

| 14 HOUSING & RESIDENTS | 15 Sales of Owner-Occupied Units Downtown Residential Demographics US Census ACS 2015 Five-Year Estimates

670 Franklin Race Downtown Tracts County

NEIL One Race 93% 96% HUNTINGTON NATIONWIDE PARK White 69% 68% ARENA 30 Black 19% 22% SPRING LONG HIGH GRANT GRANT THIRD FRONT American Indian 0% 0.2% FOURTH

COLUMBUS GAY MUSEUM Asian 4% 5% OF ART 71 Hawaiian 0% 0% BROAD STATEHOUSE

Other 1% 1% COLUMBUS Two or more races 7% 4% COMMONS RICH Hispanic or Latino origin (of any race) 4% 5% 40 MAIN

Commuting Habits Workers 16 years and over 4,568 619,892 Map of Census Tracts 30 and 40 Drive Alone 59% 81% Data for Tracts 30 and 40 have been combined for this report and referred to Carpool 6% 8% as Downtown Tracts to represent the downtown residential population. Public Transportation 4% 3% Walk 25% 3% Franklin Bike 2.1% 0.6% Population Downtown Tracts County Other Means 0.2% 1.0% Total 7,158 1,232,118 Work at home 4% 4% Median Age 31.3 and 37.3 33.9 Mean travel time (minutes) 18.4 21.7 Male/Female 53% / 47% 49% / 51% Educational Attainment Income and Benefits Population 25 years and over 5,574 812,175 (In 2016 Inflation-Adjusted Dollars) YEAR Population Housing Units High school graduate or higher 94% 90% Median household $55,362 and 2002 3,619 2,251 $54,037 Bachelor's degree or higher 59% 38% income $38,529 2003 3,793 2,418 Mean household income $85,147 $73,666 2004 4,078 2,764 2005 4,402 2,943 2006 4,722 3,247 2007 4,943 3,356 Occupation Downtown Tracts 30 & 40 2008 5,314 3,670 2009 5,576 3,957 Management, Business, 2010 5,991 4,127 Science & Arts 2011 6,249 4,382 2012 6,322 4,371 Sales & Office 2013 6,675 4,984 2014 7,080 5,109 2015 7,716 5,366 Service 2016 8,100 5,743 2017 8,400 6,084 Production, Transportation & Material Moving 2018** 9,500 6,900 2019** 10,800 7,900 Natural Resources, Franklin County 2020** 11,750 8,600 Construction & Maintenance Downtown 0 10 20 30 40 50 60 Percent HOUSING & RESIDENTS SPOTLIGHT | 16

223 East Town Street

As soon as residents walk into any of the 84 apartments “Yet, it’s quiet enough to feel residential, and it’s an easy at 223 E. Town St., they notice the light, airy designs and walk to the Commons and the riverfront,” Hunter said. stunning downtown views. Residents also have access to a rooftop patio featuring grills and outdoor eating space The Woodbury, a diner opening on the ground floor this as well as a community clubhouse. The project was a spring, will add to the energy. The menu will feature all-day partnership between Crawford Hoying and Bluestone breakfast and traditional diner fare. Olde Towne Partners, Brothers. the group responsible for Olde Towne Tavern, the Walrus Kitchen & Public House, Corner Stone Craft Beer & Wine What attracted Crawford Hoying’s Design Director Russell and Pecan Penny’s, will manage The Woodbury. Hunter to the site was its location relative to the up and coming bars and restaurants on Fourth Street over the past 223 East Town Street was the first collaboration between several years. Crawford Hoying and Bluestone Brothers, but Hunter said it would not be the last. Look for more from this partnership. | 16 EMPLOYMENT & OFFICE MARKET || 1717

HIGHLIGHTS

While the overall office vacancy rate downtown has been steady, the vacancy rate on Capitol Square has been much higher. A wave of reinvestment promises to change that. The Dispatch Building is undergoing a massive renovation, and signed the Ohio Chamber of Commerce as a tenant. The Huntington Center is updating its common areas this spring. The Hayden, a restoration of the buildings at 16 and 20 E. Broad St. is underway. One Columbus plans updates, and the State of Ohio is updating the Rhodes State Office Tower and the Riffe Center.

85,248 WORKERS 13.3% OFFICE VACANCY RATE (CLASS A, B AND C) >5% “CREATIVE” OFFICE VACANCY 41% WORKERS LIVE IN CITY OF COLUMBUS

TOP 3 COMMERCIAL LEASES (SECOND HALF OF 2017) • Ohio Consumers’ Council, 65 E. State St., 15,132 sq. ft. • Ohio Casino Control Commission, 100 E. Broad St., 23,413 sq. ft. • Serendipity Labs, 21 E. State St., 14,000 sq. ft. space

Source: CBRE, US Census Bureau, Colliers International, Columbus Business First, CCSID, DSID EMPLOYMENT & OFFICE MARKET | 18

Quarterly Data

1Q 2016 2Q 2016 3Q 2016 4Q 2016 1Q 2017 2Q 2017 3Q 2017 4Q 2017 Net Absorption 88,949 (62,314) (1,304) 212,599 (1,608) (35,025) (110,076) 9,506

Vacancy Rate 11.6% 12.1% 12.6% 11.9% 12.0% 12.3% 13.2% 13.3%

Comparison with other Downtowns Net Rentable Building City Area (SF) Vacancy Rate YTD Net Absorption (SF) Columbus 12,065,047 13.3% (137,203) Cleveland (A & B only) 16,166,432 19.8% 190,021 Cincinnati 12,405,899 15.3% 97,358

Comparison with Suburban Market

Net Rentable Building Quarterly Net Absorption Average Lease Rate Location Area (SF) Vacancy Rate (SF) SF Rate Downtown Columbus 12,065,047 13.3% (137,203) $21.45 Suburban Columbus 23,590,930 14.7% 289,566 $18.70

Source: CBRE

Downtown Office Vacancy Rates And Lease Rates 1999-2017

25% $35

$30 20%

$25

15% $20

10% $15 VACANCY RATE VACANCY Lease Rate (2017 Dollars) (2017 Rate Lease $10 5% $5

0% $0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Lease rate Vacancy rate Source: CBRE | 18 EMPLOYMENT & OFFICE MARKET | 19

Downtown Franklin County Metro Total All Jobs Count Share Count Share Count Share 85,248 100% 739,538 100% 999,665 100%

Jobs by Worker Age Age 29 or younger 14,415 17% 180,003 24% 245,964 25% Age 30 to 54 51,456 60% 414,450 56% 555,513 56% Age 55 or older 19,377 23% 145,085 20% 198,188 20%

Jobs by Earnings $15,000 per year or less 11,879 14% 166,757 23% 233,930 23% $15,000 - $40,000 per year 19,383 23% 244,703 33% 334,697 34% $40,000 per year or more 53,986 63% 328,078 44% 431,038 43%

Jobs By Worker Race White Alone 69,258 81% 592,367 80% 827,885 83% Black or African American Alone 12,563 15% 114,349 16% 130,828 13% American Indian or Alaska Native 150 0.2% 1,801 0.2% 2,449 0.002% Alone Asian Alone 2,331 3% 21,188 3% 25,953 3% Native Hawaiian or Other Pacific 29 0.03% 364 0.05% 467 0.05% Islander Alone Two or More Race Groups 917 1% 9,469 1% 12,083 1%

Jobs by Worker Ethnicity Not Hispanic or Latino 83,459 98% 719,137 97% 973,843 97% Hispanic or Latino 1,789 2% 20,401 3% 25,822 3%

Jobs by Worker Sex Male 40,661 48% 365,823 49.5% 498,993 50% Female 44,587 52% 373,715 50.5% 500,672 50%

Jobs By Worker Educational Attainment

Downtown 5% 18% 26% 34% 17%

Franklin County 7% 21% 24% 24% 24%

Metro 7% 21% 24% 23% 25% Lease Rate (2017 Dollars) (2017 Rate Lease

Ohio 7% 24% 25% 21% 23%

USA 10% 21% 25% 22% 23%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Less than high school high school or equivalent some college or associate degree bachelor’s degree or advanced degree not available (workers aged 29 or younger)

Source: US Census Bureau, OnTheMap Application 2015 EMPLOYMENT & OFFICE MARKET | 20

Jobs by NAICS Industry Sector (Percent) 1 5 10 15 20 25

Accommodation and Food Services

Administration & Support, Waste Management and Remediation

Agriculture, Forestry, Fishing and Hunting

Arts, Entertainment, and Recreation

Construction

Educational Services

Finance and Insurance

Health Care and Social Assistance

Information

Management of Companies and Enterprises

Manufacturing

Mining, Quarrying, and Oil and Gas Extraction

Other Services (excluding Public Administration)

Professional, Scientific, and Technical Services

Public Administration

Real Estate and Rental and Leasing

Retail Trade

Transportation and Warehousing

Downtown Utilities Franklin County

Metro Wholesale Trade

Source: US Census Bureau, OnTheMap Application, 2015 | 20 EMPLOYMENT & OFFICE MARKET SPOTLIGHT | 21

Huntington Center Reimagined

The Huntington Center is embarking on $3.5 million of The lobby redesign will carve out intimate, creative meeting updates this spring, including the largest green wall in Ohio space for tenants on the entry level and second floor. The in its lobby, creative meeting space in common areas, a green wall will improve air and sound quality in the building, tenant lounge and a rooftop deck. as well as bring nature into people’s lives. Rising 25 feet high, it will encase the escalators. People will emerge at the top “In the past, these were pass-through areas, a fancy corridor. to a bright, open concierge area that glows from backlit LED We are turning it into creative meeting space, giving people lights that replace the dark walls. a reason to stop, making value of common areas. The building will respond to the needs of people,” said Tyler “There are few places in the state as connected as this address, Steele, General Property Manager for Hines. with its presence in the skyline and on the Capitol Square,” said Steele. “In the end, it’s all about connecting people.” EDUCATION || 2222

HIGHLIGHTS

Enrollment remains strong at downtown’s colleges and universities, with over 33,000 students pursing higher education opportunities. Capital University is embarking on a master plan that includes a facelift for its downtown campus and partnering with Pizzuti for a mixed-use development on Grant Ave. Columbus State Community College is moving ahead with its new Hospitality and Culinary School at the southeast corner of Cleveland Ave. and Mt Vernon Ave. Columbus College of Art & Design opened a new college store, Ampersand Emporium, which carries spirit wear and features student artwork.

4 INSTITUTIONS WITH 33,692 STUDENTS COLUMBUS STATE COMMUNITY COLLEGE 27,674 STUDENTS TOP MAJOR: NURSING FRANKLIN UNIVERSITY 4,520 STUDENTS TOP MAJOR: BUSINESS COLUMBUS COLLEGE OF ART & DESIGN 1,074 STUDENTS TOP MAJOR: ILLUSTRATION CAPITAL UNIVERSITY LAW SCHOOL 424 STUDENTS TOP MAJOR: JURIS DOCTOR

Source: Universities, College Navigator *Fall 2017 enrollment || 2222 RETAIL | 23

HIGHLIGHTS

2017 brought 12 new retailers, nine of them restaurants. Retail demand is strong downtown, with 85,248 employees and 8,400 residents. The challenge is availability of appropriate space. Small, independent retailers want space that is white- boxed (ready to go) and under 1,000 square feet. In addition, retailers are most successful when clustered together in areas with high foot traffic.

10 NET NEW RETAILERS 13 AVERAGE NET NEW RETAILERS EACH YEAR SINCE 2009 2,000 AVERAGE SQUARE FEET OF NEW LEASES IN 2017 >75,000 SQUARE FEET OF STREET-LEVEL SPACE UNDER CONSTRUCTION ON HIGH STREET CORRIDOR

71,000 SQUARE FEET OF STREET-LEVEL SPACE PROPOSED ON HIGH STREET CORRIDOR 53,250 SQUARE FEET OF RETAIL AND RESTAURANT SPACE PLANNED FOR REDEVELOPMENT

Source: Universities, College Navigator Source: CCSID, DSID RETAIL | 24

Potential Retail Consumers ANNUAL COLLEGE/ IN TOWN ANNUAL LOCAL/ DOWNTOWN UNIVERSITY NEIGHBORHOOD DAYTIME OVERNIGHT REGIONAL RESIDENTS STUDENTS RESIDENTS EMPLOYEES VISITORS VISITORS

8,400 33,692 45,000 85,248 300,000 10 MILLION

Annual Spending Potential Annual Spending Potential By Retail Category (Millions) By Consumer Segment (Millions) $20 $40 OVERNIGHT VISITORS LEISURE $35 LOCAL/REGIONAL VISITORS $120 $40 CONVENIENCE HOME GOODS GOODS & $35 $165 SERVICES COLLEGE/UNIVERSITY DAYTIME $55 STUDENTS EMPLOYEES FASHION GOODS $105 $40 DINING & $55 IN TOWN DOWNTOWN ENTERTAINMENT NEIGHBORHOOD RESIDENTS RESIDENTS

2017 New Retailers Retail Business Activity Business Name Address Businesses Businesses Year Opened Closed Net Change Elia Athenian Grill 20 N. High St. 2009 16 3 13 Buckeye Bourbon Bar 36 E. Gay St. 2010 18 4 14 Swan Cleaners 146 S. High St. 2011 27 10 17 Winan's Chocolates & Coffee 216 S. High St. 2012 14 8 6 Stack'd 88 E. Broad St. 2013 22 6 16 Poke Bros 100 E. Gay St. 2014 15 10 5 Tiger + Lily 19 E. Gay St. 2015 18 6 12 Ampersand Emporium 91 Cleveland Ave. 2016 15 8 7 Pub Mahone 31 E. Gay St. 2017 12 2 10 Si Senor 200 Civic Center Dr. Pat & Gracie's 340 E. Gay St. Posh Nails 202 S. High St. Source: Boulevard Strategies, CCSID, DSID | 24 RETAIL SPOTLIGHT | 25

Express What You Want: Holiday Pop-Up

Columbus-based fashion retailer Express hosted a pop-up Express moved its photo creative team to the newly Businesses Businesses Year Opened Closed Net Change shop for two and a half weeks in December 2017. The goal renovated “Weisheimer” building in summer 2017. In addition 2009 16 3 13 of the shop was two-fold: Allow customers to experience to men’s and women’s fashion apparel, the shop featured 2010 18 4 14 Express in a new way and provide convenience for curated gifts, food and beverages from local partners 2011 27 10 17 downtown customers to shop for the holidays. including The Candle Lab, Cliff Original, Igloo Letterpress, 2012 14 8 6 Spoonful Records, Homage, Stump, Under Aurora, Zest “We saw an opportunity to leverage our downtown Juice, Land Grant Brewing, Cameron Mitchell Catering and 2013 22 6 16 photography studio as a temporary space to experiment The Table. 2014 15 10 5 with new and exciting ways to connect with our customers 2015 18 6 12 during the holiday season. The holiday pop-up allowed Look for more pop-up retail downtown this year. POP 2016 15 8 7 customers to have a different experience with Express, from Columbus, a collaborative effort between the Gay Street 2017 12 2 10 shopping curated gifts from the brand and local partners to Collaborative, Capital Crossroads Special Improvement daily programming and events,” said Chief Marketing Officer District, Thirty-Four Corporation and The Columbus Source: Boulevard Strategies, CCSID, DSID Jim Hilt. Foundation, will open at 44 N. High St. HOSPITALITY & ATTRACTIONS || 2626

HIGHLIGHTS

Arts & cultural organizations have been an important evening anchor for downtown long before the influx of residents and new attractions. The Columbus community had incredible foresight in the 1970s to form the Columbus Association of Performing Arts (CAPA) that resulted in saving and restoring three historic theatres in downtown — venues which host thousands of performances each year. Columbus supports the arts in big ways. Nonprofit arts attendance in Columbus is more than one and half times that of Columbus home-game sports attendance.

10 MILLION+ DOWNTOWN VISITORS IN 2017 900,000 VISITORS TO 16 HOTELS DOWNTOWN 4,085 HOTEL ROOMS DOWNTOWN 273 HOTEL ROOMS UNDER CONSTRUCTION 163 HOTEL ROOMS PROPOSED 69.1% HOTEL OCCUPANCY DOWNTOWN

$149.25 DOWNTOWN AVERAGE DAILY RATE

Source: Experience Columbus, CCSID, DSID || 2626 HOSPITALITY & ATTRACTIONS | 27

Downtown Arts & Culture Venues

6 9 8 5 ART PERFORMANCE MUSEUMS PERFORMANCE GALLERIES VENUES ARTS

Total Expenditures Total Attendance Downtown Arts & Cultural Organizations $85,969,939 3,434,603 Non-Downtown Arts & Cultural Organizations $67,864,077 1,776,043

Economic Impact Of Nonprofit Arts & Culture Industry In Greater Columbus (Combined Spending by Nonprofit Arts & Cultural Organizations and their Audiences) Median Of Similar Greater Study Regions Columbus Area (Pop.=1,000,000 or More) National Median Total Industry Expenditures $412,259,509 $412,259,509 $35,750,645 Full-Time Equivalent Jobs 14,980 12,815 1,131 Resident Household Income $373,393,000 $285,526,000 $23,154,000 Local Government Revenue $20,321,000 $20,107,000 $1,407,000 State Government Revenue $26,453,000 $24,950,000 $1,961,000

Nonprofit Arts & Culture Event Attendees Spending

Residents Nonresidents All Greater Columbus Area Event Attendees Refreshments/Snacks $3.95 $4.67 $4.17 Meals before/after event $9.92 $17.37 $12.12 Souvenirs $3.01 $1.75 $2.63 Clothing & Accessories $0.94 $0.38 $0.77 Ground Transportation $1.56 $3.78 $2.22 Event-Related child care $0.55 $0.47 $0.52

Overnight Lodging (one night only) $0.25 $7.83 $2.50 Other $0.00 $0.14 $0.04 TOTAL PER PERSON SPENDING $20.18 $36.39 $24.98

Courtesy of American’s for the Arts Arts & Economic Prosperity 5: The Economic Impact of Nonprofit Arts & Cultural Organizations and their Audiences; Greater Columbus Arts Council

Source: Experience Columbus, CCSID, DSID HOSPITALITY & ATTRACTIONS SPOTLIGHT | 28

Scioto Peninsula Revitalization

The transformation of the Scioto Peninsula is nothing short will open Summer 2018. The Dinosaur Gallery features of spectacular. The new Scioto Peninsula Park opened last a life-sized model of T-Rex and a climbable model of an fall on the site of the old Center of Science and Industry Oviraptor nest. This partnership between the natural history (COSI) parking lot. The 6.5-acre expanse features a play area, museum and a science center is the first of its kind, and is fountains and themed garden. A café is slated to open this the result of a collaboration between Columbus Downtown spring. COSI parking is still available at a new underground Development Corporation (CDDC), the City of Columbus garage below the park. The greenspace above will serve as and the State of Ohio to extend programming on the an anchor for the redevelopment of Scioto Peninsula. Scioto Peninsula. The project was also made possible by an additional gift from Les and Abigail Wexner. The NVMM will Adding to the revitalization, the American Museum of take visitors on a narrative journey that tells the story of Natural History Dinosaur Gallery opened last fall at COSI, veterans, their families and the fallen. and the National Veterans Memorial and Museum (NVMM) | 28 TRANSPORTATION & LAND USE | 29

HIGHLIGHTS

It has been a busy year for transportation downtown. The Central Ohio Transit Authority launched its Transit System Redesign in May and added Wi-Fi capacity to its fleet. Car2go expanded its service area and created a corporate business account program. CoGo bike share is expanding, with 26 new stations planned that will connect Bexley, Upper Arlington and Grandview with the CoGo stations downtown. Beginning in June downtown workers in the Capital Crossroads Special Improvement District boundaries will have unlimited access to bus service at no cost.

CENTRAL OHIO TRANSIT AUTHORITY (COTA) 574,902 664,130 2016 CBUS TRIPS 2017 CBUS TRIPS

COGO BIKE SHARE 46 STATIONS

52,335 RIDES IN 2017

26 NEW STATIONS PLANNED IN 2018 (BEXLEY, UA, GRANDVIEW)

CAR2GO 200 VEHICLES IN ITS COLUMBUS FLEET

28,000+ MEMBERS IN COLUMBUS

11 VEHICLES REMOVED BY EACH CAR2GO VEHICLE

Sources: COTA CoGo Bike Share, car2go TRANSPORTATION & LAND USE SPOTLIGHT | 30

Downtown CPass Program Seeks to Ease Parking Crunch

When daytime parking constraints began to impede Thanks to a grant from the Mid-Ohio Regional Planning Downtown’s revitalization, property owners in the Capital Commission (MORPC), CCSID tested the concept with four Crossroads Special Improvement District (CCSID) convened downtown employers. Each employee received unlimited a parking advisory committee to explore solutions. access to COTA bus service, and within three months, reported transit use nearly doubled. “Downtown has lost more than 2,000 parking spaces since 2012 with more losses on the way,” explained Marc Conte, Encouraged by the study’s results, Capital Crossroads SID Deputy Director of Research and Planning at CCSID. “At the property owners petitioned to levy an same time, drive-alone rates for the downtown workforce assessment on their properties to expand the program to all have been steadily rising.” employees within the CCSID boundaries. The new Downtown CPass will be available to employees at no cost from The committee looked at parking options in downtown June 1, 2018 to December 31, 2020 thanks to CCSID property and adjacent areas. None of the ideas were practical or owners, MORPC and generous corporate and private funders. cost-effective, except one: an (OSU)- The program has already garnered international attention as inspired bus pass program. OSU students pay a small fee, an innovative solution to parking constraints. which gives them unlimited access to COTA. Beginning May 1, 2018, eligible companies can register their employees. More information can be found at DowntownCPass.com. | 30 CITY OF COLUMBUS | 31

City Incentives Columbus Downtown Community Reinvestment Area (CRA): Business Development Loan Fund and Working Capital Loan The Downtown CRA is a designated area of land in Downtown Fund: This fund provides low-interest loans up to $199,000 for Columbus within which property owners can receive a tax the acquisition of real estate and/or large equipment. These loans abatement related to eligible new investment in real property require a second lending institution match; the loan fund amount improvements. The tax abatement can apply to either residential to comprise the principal. The creation of a minimum of one new and non-retail commercial rehabilitation or new construction. job per $30,000 of City investment is required with 51 percent of The percentage term of the abatement is 100% on the real the jobs created awarded to low-moderate income individuals. property taxes related to the finished value of the improvements and the length of the term is 10, 12 or 15 years depending on the Contact: City of Columbus Economic Development Division: type of improvement. Kasia Richey, (614) 645-8172 Contact: City of Columbus Economic Development Division: Loan Fund Partners Anthony Slappy (614) 645-0719 • Community Capital Development Corporation (CCDC): www.ccdcorp.org Downtown Office Incentive: Businesses locating or expanding • The Economic and Community Development Institute: in Downtown may be eligible for this incentive, which involves www.ecdi.org a cash payment equal to 50 percent of the local income tax withholdings for eligible new employees for a negotiated term Downtown Streetscape Improvements: This funding is specific for a minimum of 10 new jobs created and retained within the to streetscape improvements for Downtown commercial and Downtown area. residential projects.

Contact: Contact: City of Columbus Economic Development Division: City of Columbus Economic Development Division: Anthony Slappy (614) 645-0719 Kasia Richey, (614) 645-8172

Mile-on-High Incentives: The Mile-on-High program offers Green Columbus Fund: This fund was established to encourage tax incentives, loans and matching grant funds for qualified sustainable development and redevelopment. Private businesses businesses within the area. The Job Growth Retail Incentive and non-profit organizations can receive grants up to $200,000 involves a cash payment equal to 25 percent of the local income per project to assess and redevelop Brownfield sites or to tax withholdings for new jobs. The Storefront Renovation Grant construct green buildings in Columbus. offers a match up to $5,000 for exterior improvements to a building in the designated area. The Mile-on- High area is bound Contact: by Spring Street on the north, Front Street on the west, Mound City of Columbus Department of Development: Street on the south and Fourth Street on the east. David Hull (614) 645-6330

Contact: City of Columbus Economic Development Division: Storefront Renovation Grant: Kasia Richey, (614) 645-8172 Job Growth Incentive: Anthony Slappy, (614) 645-0719 | 32

“Capital Crossroads has been a key partnership for Barnes & Thornburg. We share a passion for everything Columbus has become and making it everything it can be, recognizing that there is no better starting point for building a region than a vibrant downtown.” – BILL NOLAN, managing partner

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