| 1 STATE OF DOWNTOWN COLUMBUSe | 1 MID YEAR 2016 Prepared by Capital Crossroads & Discovery Special Improvement Districts ABOUT US | 2

Capital Crossroads Special Improvement District (CCSID) is an association of more than 500 commercial and residential property owners in 38-square NEIL HUNTINGTON NATIONWIDE blocks of downtown Columbus. PARK ARENA Its purpose is to support the development of downtown SPRING

Columbus as a clean, safe and fun HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD place to work, live and play. LONG

GAY COLUMBUS MUSEUM Hours of Operation: OF ART BROAD 6 a.m. - 11 p.m. Monday - Saturday; STATEHOUSE TOPIARY 9:30 a.m. - 6 p.m. Sunday PARK COLUMBUS METROPOLITAN LIBRARY COLUMBUS Discovery Special COMMONS Improvement District RICH MAIN (DSID) helps property owners create and maintain a safe, vibrant, diverse, distinctive and walkable mixed-use neighborhood. Discovery SID was formed in 2005 by property owners in the eastern CAPITAL CROSSROADS SPECIAL IMPROVEMENT DISTRICT area of downtown. DISCOVERY SPECIAL IMPROVEMENT DISTRICT Hours of Operation: DOWNTOWN DISTRICT 6 a.m. - 2 a.m. Monday-Friday; 8 a.m. - 2 a.m. Saturday ABOUT THIS REPORT

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.

The following SID staff collected data for the contents of this report: Marc Conte, deputy director of research, Kacey Brankamp, director of strategic initiatives, and Shannon Fergus, project manager. 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.

SID staff is available to provide custom research. Please contact Marc Conte at [email protected] or (614) 591-4507 for more information.

CUSTOMER SERVICE HOTLINE: Photo credits: Andy Spessard, Melissa Fast, Randall Schieber (614) 228-5718 Design: Amy Collins | 2 | 3

Report Highlights TABLE OF • 04

CONTENTS 05 Major Investments

10 Housing & Residents

16 Employment & Office Market

21 Education

23 Retail

26 Hospitality & Attractions

28 Transportation & Land Use

31 City of Columbus Incentives REPORT HIGHLIGHTS | 4 •

MAJOR INVESTMENTS $1.2 Billion $501 Million $65 Million PROPOSED UNDER CONSTRUCTION COMPLETED 1st HALF 2016

HOUSING & EMPLOYMENT EDUCATION RESIDENTS & OFFICE 7,945 84,367 5 Residents Workers Colleges & Universities 97% 11.4% 32,372 Apartment Office Vacancy Rate College Students Occupancy

RETAIL HOSPITALITY & TRANSPORTATION ATTRACTIONS & LAND USE

9 4 68,550 New Businesses in New Hotels Cars Daily Commuting 1st Half 2016 Planned into Downtown 330+ 70.3% 23% Retail Goods & Services Occupancy Rate Downtown Land is Businesses surface parking | 4 MAJOR INVESTMENTS | 5

HIGHLIGHTS Several major projects were completed in the first half of 2016: the Columbus Metropolitan Library Main Library renovation, the Goodale Parking Garage at the Convention Center, and Microliving @ 260 S. Fourth St. The most noteworthy new proposed project is the 25-story Millennial Tower planned for the corner of Front and Rich Streets by Arshot Investment Corp. The proposed “vertical city” includes two stories of retail, six stories of parking, 180,000 square feet of office and about 100 residential units with an amenities floor. The Greater Columbus Convention Center continues its $125 million upgrades, slated for completion in July 2017.

AT A GLANCE $1.2 Billion Proposed I-70/71 Interchange ($845 Million) Largest Project $501 Million Under Construction Convention Center Upgrades ($125 Million) Largest Project

$65 Million Completed First Half 2016 Main Library Renovation($30 Million) Largest Project

$2 Billion Private and Public Investment since 2006

Source: CCSID, DSID

©Randall L. Schieber Photography MAJOR INVESTMENTS | 6

NEIL

HUNTINGTON NATIONWIDE PARK ARENA

SPRING HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD LONG

GAY BROAD

STATEHOUSE COLUMBUS METROPOLITAN LIBRARY

RICH

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PROPOSED UNDER CONSTRUCTION COMPLETED IN 2016

3% 3% Hospitality 1% Other 1% Park & Parking 6% Government 2% Mixed Use Institutional 14% Mixed Use 24% 29% Mixed Use Hospitality 34% Residential 28% 46% Parking Institutional 68% Transportation 1% 14% Residential Office 11% 4% Institutional 12% Parking Industrial

| 6 MAJOR INVESTMENTS | 7

COST ESTIMATE PROPOSED PROJECTS LOCATION (MILLIONS) USE Canopy by Hilton 77 E. Nationwide Blvd. $24 Hospitality Home2Suites Hotel Grant & Main $8 Hospitality The Hayden Columbus, Curio Collection by Hilton 20 E. Broad St. NA Hotel AC Hotel 511 Park St. NA Hotel/Offices/Retail Grant Joint and Bone Center 303-323 E. Town St. $20 Institutional Former Light Plant 555 W. Nationwide Blvd. $20 Offices/Retail 457-459 N. High St. High & Vine $3 Offices/Retail Scioto Peninsula Park and Parking Garage Belle & Broad $34 Park/Parking 330 Oak Street Apartments 330 E. Oak St. $9 Residential Neighborhood Launch - 6th & Gay Sixth & Gay $4 Residential 640-650 W. Nationwide Mixed Use Development 650 W. Nationwide Blvd. $40 Residential/Office Millennial Tower Front & Rich $90 Residential/Office/Retail Two25 Commons 225 S. 3rd St. $60 Residential/Office/Retail 85-111 N. High St. High & Gay $40 Residential/Retail Lifestyle Communities Beatty Block 213 S. High St. $15 Residential/Retail Lifestyle Communities Matan Block 261 S. Front St. $15 Residential/Retail Fifth & Town Residential Fifth & Town $13 Residential/Retail Creative Campus Streetscape Improvements Ninth & Gay $8 Streetscape 70/71 Phase 6B-D - West Interchange I-70 & 71 $172 Transportation 70/71 Phase 2 - 70/71 East Interchange I-70 & 71 $166 Transportation 70/71 Phase 6A - Outbound Downtown I-70 & 71 $140 Transportation 70/71 Phase 4A - Inbound Downtown I-70 & 71 $135 Transportation 70/71 Phase 5 - 70 East Freeway I-70 & 71 $95 Transportation 70/71 Phase 3 - East Innerbelt I-70 & 71 $78 Transportation 70/71 Phase 4B - 70/71 South Innerbelt I-70 & 71 $59 Transportation TOTAL $1.2 BILLION

COST ESTIMATE PROJECTS UNDER CONSTRUCTION LOCATION (MILLIONS) USE Fire Station #2 150 E. Fulton St. $7 Government Convention Center Upgrades High & Goodale $125 Hospitality Hotel LeVeque Autograph Collection Front & Broad $22 Hospitality Holiday Inn Renovation 175 E. Town St. $0.6 Hospitality Platform Beer Co. 408 N. Sixth St. $0.5 Industrial Ohio Veterans Memorial and Museum Belle & Broad $55 Institutional Michael B. Coleman Governmental Center 111 N. Front St. $60 Office Buggyworks Office 400 W. Nationwide Blvd. $11 Office 405 E. Town St. 405 E. Town St. $0.5 Office City of Columbus Parking Garage 135 N. Front St. $15 Parking Garage Renovation 56 E. Long St. $5 Parking Citizens Building 51 N. High St. $35 Residential Parks Edge Condos Neil & Spring $34 Residential YWCA renovation Fourth & State $20 Residential LeVeque Tower Apartments Front & Broad $19 Residential Lifestyle Communities Trautman Block 205 S. High St. $15 Residential The Neilston Fifth & Long $13 Residential 303 S. Front St. Apartments Front & Main $12 Residential Mercantile Building Fourth & Noble $8 Residential The View on Grant Grant & Mt. Vernon $6 Residential Sixth Street Mews Sixth & Gay $3 Residential LeVeque Tower Condominiums Front & Broad $3 Residential 65-67 S. Fifth St. Fifth & Oak $2 Residential Microliving @ Long and Front 55 W Long St. $11 Residential/Retail Long & Sixth 288 E. Long St. $3 Residential/Retail Pins Mechanical Co. 141 N. 4th St. $2 Retail White-Haines/Madison's High & Gay $14 Retail/Office Lynn & Pearl Alley Improvements Pearl & Lynn $1 Streetscape TOTAL $501 MILLION Sources: City of Columbus Department of Development, Developers, and Architects (numbers rounded) MAJOR INVESTMENTS | 8

COST ESTIMATE COMPLETED PROJECTS IN 2016 LOCATION (MILLIONS) USE Main Library Renovation 96 S. Grant Ave. $30 Institutional TriVillage Downtown Storage Young & Long $8 Industrial Goodale Garage at Convention Center High & Goodale $18 Parking Microliving @ 260 S. Fourth St. 260 S. Fourth St. $5 Residential/Retail 325-331 E. Long St. Sixth & Long $1 Residential/Retail 1-11 E. Gay St. High & Gay $3 Retail/Office/Residential TOTAL $65 MILLION

DOWNTOWN INVESTMENTS BASED ON YEAR COMPLETED

$350

$300

$250

$200

$150

$100 PUBLIC $50 PRIVATE $0 Investment in millions of 2016 dollars Investment 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016*

MAJOR INVESTMENTS (IN MILLIONS OF 2016 DOLLARS)

YEAR COMPLETED PRIVATE PUBLIC TOTAL 2006 $224 $47 $271 2007 $90 $0 $90 2008 $58 $0 $58 2009 $75 $60 $135 2010 $123 $76 $199 2011 $28 $187 $215 2012 $203 $54 $257 2013 $79 $31 $110 2014 $93 $227 $320 2015 $186 $110 $296 2016* $17 $48 $65 TOTAL $1,176 $840 $2,016 *As of June 30, 2016 Sources: City of Columbus Department of Development, Developers and Architects | 8 MAJOR INVESTMENTS SPOTLIGHT | 9

COLUMBUS METROPOLITAN LIBRARY - MAIN LIBRARY RENOVATION After 16 months of renovation, Columbus Metropolitan The addition of natural light offered another incredible Library’s Main Library reopened. The $35 million transformation. Customers now enjoy broad vistas of transformation was only the second in the building’s Topiary Park and downtown Columbus, while the newly history dating back to 1907, and the renovation was part constructed Park Plaza connects the library to Topiary of a larger aspirational building plan to reinvent and Park and features a newly commissioned sculpture and a revitalize 10 branches throughout the 23-location system. performance space for outdoor Storytimes and concerts.

The primary goals of the library’s renovation included: “The new Main Library is much better equipped to • Build a library that meets the needs of the customers respond to the demands of the 21st century library • Connect the library to Topiary Park to provide outdoor customer,” said Columbus Metropolitan Library CEO reading space Patrick Losinski. “This building represents a reinvestment • Update the Carnegie Plaza along Grant Avenue in the Discovery District, our entire downtown • Add a two-story reading room with sweeping views of community and our city.” Topiary Park • Enhance the children’s area The local project team included Schooley Caldwell, Pizzuti Companies and Turner Construction.

PUBLIC

PRIVATE

MAJOR INVESTMENTS (IN MILLIONS OF 2016 DOLLARS) HOUSING & RESIDENTS | 10

HIGHLIGHTS Five residential projects broke ground in the first half of 2016 for a total of 236 new units under construction. Two of the five projects – Parks Edge Condos and Sixth Street Mews – will bring owner- occupied units to the market. The most noteworthy new proposed project is the 25-story Millennial Tower planned for the corner of Front and Rich Streets by Arshot Investment Corp. The proposed “vertical city” includes two stories of retail, six stories of parking, 180,000 square feet of office and about 100 residential units with an amenities floor.

Projects completed in the first half of 2016 include Microliving @ 260 S. Fourth St. and 325-331 E. Long St.

AT A GLANCE 7,945 Downtown Residents

2018 Year Downtown residential population estimated to surpass 10,000

44% Downtown Residents Age 20-34 (Millennials)

25% Franklin County Residents Age 20-34 (Millennials)

97% Apartment Occupancy $164 Million Proposed

1,308 Units Proposed $181 Million Under Construction

833 Units Under Construction

$6 Million Completed in 1st Half 2016

59 Units Completed in 1st Half 2016

Source: CCSID, DSID, US Census ACS 2014 | 10 HOUSING & RESIDENTS | 11

NEIL

HUNTINGTON NATIONWIDE PARK ARENA

SPRING HIGH GRANT GRANT FOURTH FOURTH FRONT THIRD LONG

GAY COLUMBUS MUSEUM OF ART BROAD

STATEHOUSE TOPIARY PARK COLUMBUS METROPOLITAN LIBRARY COLUMBUS COMMONS

RICH

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PROPOSED UNDER CONSTRUCTION COMPLETED IN 2016

HOUSING UNIT TENURE BREAKDOWN: OWNER OCCUPIED VS. RENTAL

21% 27% Both Owner Occupied 100% Rental 79% 73% Rental Rental | 12 HOUSING & RESIDENTS

NUMBER PROPOSED ADDRESS OF UNITS TENURE 640-650 W. Nationwide Blvd. Apartments 640 W. Nationwide Blvd. 300 Rental Lifestyle Communities Beatty Block 229-245 S. High St. 243 Rental Two25 Commons 225 S. Third St. 170 Both 85-111 N. High St. 85-111 N. High St. 164 Rental Lifestyle Communities Matan Block Front & Main 117 Rental Millenial Tower Front & Rich 100 Rental 330 Oak Street 330 Oak St. 100 Rental Fifth & Town Residential 223 E. Town St. 84 Rental Neighborhood Launch - Sixth & Gay Sixth & Gay 28 Owner Occupied 274 E. Long St. 274 E. Long St. 2 Rental TOTAL 1,308 UNITS

NUMBER UNDER CONSTRUCTION ADDRESS OF UNITS TENURE The Neilston Fifth & Long 130 Rental Lifestyle Communities Trautman Block 205 S. High St. 100 Rental YWCA Renovation 65 S. Fourth St. 91 Rental 303 S. Front St. Apartments Front & Main 76 Rental The View on Grant 358 Mt. Vernon Ave. 70 Rental Parks Edge Condos Neil & Spring 69 Owner Occupied LeVeque Tower Apartments 50 W. Broad St. 68 Owner Occupied Citizens Building 51 N. High St. 65 Rental Microliving @ Long and Front Front & Long 36 Rental Mercantile Building Condominiums Fourth & Noble 36 Owner Occupied White-Haines/Madison’s High & Gay 30 Rental Long & Sixth 288 E. Long St. 30 Owner Occupied Sixth Street Mews Sixth & Gay 13 Owner Occupied LeVeque Tower Condos 50 W. Broad St. 10 Owner Occupied 65-67 S. Fifth St. 65 S. Fifth St. 9 Rental TOTAL 833 UNITS

NUMBER COMPLETED IN 2016 ADDRESS OF UNITS TENURE Microliving @ 260 S. Fourth St. 260 S. Fourth St. 51 Rental 325-331 E. Long St. 329 E. Long St. 8 Rental TOTAL 59 UNITS

Sources: City of Columbus Department of Development, Developers and Architects | 12 HOUSING & RESIDENTS | 13

DOWNTOWN RESIDENTS AND HOUSING UNITS | 2002-2020 (includes projection)

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

YEAR POPULATION HOUSING UNITS NUMBER OF HOUSING UNITS 2002 3,619 2,251 1ST HALF 2015 1ST HALF 2016 2003 3,793 2,418 Rental 3,996 4,301 2004 4,078 2,764 Owner Occupied 1,254 1,280 2005 4,402 2,943 Total 5,250 5,581 2006 4,722 3,247 2007 4,943 3,356 2008 5,314 3,670 SALES OF OWNER OCCUPIED UNITS 2009 5,576 3,957 1ST HALF 2015 1ST HALF 2016 2010 5,991 4,127 Sales of New Units 9 11 2011 6,249 4,382 Median Sale Price – New $521,000 $400,955 2012 6,322 4,371 Median Price/SF – New $266 $298 2013 6,675 4,984 2014 7,080 5,109 Sales of All Units 77 84 2015 7,716 5,366 Median Sale Price – All $280,000 $223,250 2016* 7,945 5,581 Median Price/SF – All $231 $234 2017** 9,800 7,000

2018** 10,640 7,600 Source: Franklin County Auditor 2019** 11,480 8,200 2020** 12,230 8,800 * Through 7/1/2016 **Projection 2017-2020

HOUSING & RESIDENTS | 14

DOWNTOWN RESIDENTIAL DEMOGRAPHICS US CENSUS ACS 2014 FIVE-YEAR ESTIMATES

DOWNTOWN FRANKLIN

RACE TRACTS COUNTY NEIL

HUNTINGTON NATIONWIDE One Race 95% 97% PARK ARENA

White 71% 70% SPRING 30

LONG HIGH Black 19% 21% GRANT THIRD FRONT FOURTH FOURTH

Indian 0% 0.2% COLUMBUS GAY MUSEUM OF ART Asian 3% 4% BROAD Hawaiian 0% 0% STATEHOUSE TOPIARY PARK COLUMBUS Other 1% 2% COMMONS Two or more races 5% 4% RICH MAIN 40 Hispanic or Latino origin (of any race) 3% 5%

COMMUTING HABITS Workers 16 years and over 3,686 588,288 Drive alone 58% 82% Map of Census Tracts 30 and 40 Carpool 4% 8% Data for Tracts 30 and 40 have been combined for this report and referred Public transportation 4% 3% to as Downtown Tracts to represent the downtown residential population. Walk 28% 3% FRANKLIN Other means 2% 2% POPULATION TRACT 30 TRACT 40 COUNTY Work at home 4% 4% Total 3,310 2,957 1,197,592 Mean travel time to work (minutes) 17.2 21.5 Median Age 31.7 40.4 33.8 EDUCATIONAL ATTAINMENT Male/Female 58%/42% 55%/45% 49%/51% Population 25 years and over 4,885 779,959 INCOME AND BENEFITS High school graduate or higher 93% 90% (IN 2014 INFLATION-ADJUSTED DOLLARS) Bachelor's degree or higher 52% 37% Median household income $51,389 $26,838 $51,890 Mean household income $80,885 $66,291 $70,522

OCCUPATION DOWNTOWN TRACTS 30 & 40

Management, Business, Science & Arts

Sales & Office

Service

Production, Transportation & Material Moving

Natural Resources, FRANKLIN COUNTY Construction & Maintenance DOWNTOWN TRACTS

0 10 20 30 40 50 60 Percent | 14 HOUSING & RESIDENTS SPOTLIGHT | 15

CONNECT REALTY MICROLIVING

Brad DeHays of Connect Realty didn’t intentionally look Microliving @ Long and Front—offer residential units for buildings to convert into micro living units, but it between 250 and 310 square feet. Some include an happened because of his love of historic properties. additional 80 square feet of loft space. New residents get the opportunity to add items such as Murphy beds “We view adaptive re-use as an efficient way to achieve and pre-selected furniture that are uniquely suited for urban infill,” DeHays says. “The massive amount of the living space. Additionally, corporate packages are windows and high ceilings [at 260 S. Fourth St.] provide available that come fully furnished, from dishes to linens. the necessary natural light and vertical space that make Cleaning services are available as well. the micro units possible.” DeHays notes the most interesting aspect of his work has Because the City of Columbus had previously laid the been the constant buzz about downtown Columbus. “As groundwork to foster downtown redevelopment with we continue to plan and build new projects, our previous historic tax credits, it helped create an environment for projects are stabilizing and demand has not yet tapered rapid growth. Coupled with a growing national trend off. Great tenants and great communities are making our of micro-living spaces, DeHays is carving out a niche developments successful.” residential product. Residents have begun moving into Microliving @ 260 S. Both of the micro-living apartment projects under Fourth St. Pre-leasing for Microliving @ Long and Front is set construction—Microliving @ 260 S. Fourth St. and to begin in summer 2017. Learn more at microliving.net. FRANKLIN POPULATION TRACT 30 TRACT 40 COUNTY Total 3,310 2,957 1,197,592 Median Age 31.7 40.4 33.8 Male/Female 58%/42% 55%/45% 49%/51% INCOME AND BENEFITS (IN 2014 INFLATION-ADJUSTED DOLLARS) Median household income $51,389 $26,838 $51,890 Mean household income $80,885 $66,291 $70,522 EMPLOYMENT & OFFICE MARKET | 16

HIGHLIGHTS The office vacancy rate for Class A & B space ticked down to 11.4 percent from 12.1 percent at 2015 year-end. The renovation of three buildings at Gay and High Streets by the Day Companies will add unique creative space. The City of Columbus continues work on its downtown campus including the construction of an office building at the site of the former 109 North Front Street building.

AT A GLANCE

11.4% Office vacancy rate (Class A & B)

84,367 Workers

41% Workers live in City of Columbus

11 Million SF Commercial office space

$71 Million Under Construction $60 Million Columbus City Hall Campus Largest Project

17% of jobs in City of Columbus located Downtown

Source: CCSID, DSID, Xceligent, US Census Bureau | 16 EMPLOYMENT & OFFICE MARKET | 17

QUARTERLY DATA (CLASS A & B)

3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 1Q 2016 2Q 2016 NET ABSORBTION 7,051 48,162 94,373 4,895 323,059 502,379 56,019 2,707 (SF) VACANCY RATE 14.1% 13.2% 12.4% 13.6% 13.1% 12.1% 11.5% 11.4%

COMPARISON WITH OTHER DOWNTOWNS (CLASS A & B) NET RENTABLE YTD NET ABSORPTION CITY BUILDING AREA (SF) VACANCY RATE (SF) Columbus 10,904,316 11.4% 58,726 Cleveland 24,914,855 13.3% 73,309 Cincinnati 11,928,333 17.0% 103,074

COMPARISON WITH SUBURBAN MARKET (CLASS A & B) NET RENTABLE QUARTERLY NET AVERAGE LEASE LOCATION BUILDING AREA (SF) VACANCY RATE ABSORPTION (SF) RATE Downtown Columbus 10,904,316 11.4% 58,726 $21.13 Suburban Columbus 21,039,082 11.8% 157,302 $21.14

Source: Xceligent powered by COCIE

DOWNTOWN OFFICE VACANCY RATES AND LEASE RATES 2011-2016

18% $25

16% $20 14%

12% $15 10%

8% $10 6%

4% $5

2% $0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016

LEASE RATE VACANCY RATE EMPLOYMENT & OFFICE MARKET | 18

DOWNTOWN FRANKLIN COUNTY METRO TOTAL ALL JOBS Count Share Count Share Count Share 84,367 100% 716,238 100% 971,524 100%

JOBS BY WORKER AGE

Age 29 or younger 13,794 16% 172,181 24% 236,367 24% Age 30 to 54 51,191 61% 405,698 57% 545,589 56% Age 55 or older 19,082 23% 138,359 19% 189,538 20%

JOBS BY EARNINGS $15,000 per year or less 12,128 14% 164,843 23% 231,945 24% $15,000 - $40,000 per year 19,571 23% 241,014 34% 330,429 34% $40,000 per year or more 52,668 62% 310,381 43% 409,150 42%

JOBS BY NAICS INDUSTRY SECTOR 25%

20%

15% Downtown

10% Franklin County

5% Metro

Ohio 0%

USA UTILITIES COMPANIES ASSISTANCE RECREATION WASTE MGMT WASTE INFORMATION RETAIL TRADE RETAIL PUBLIC ADMIN) PUBLIC ADMIN. REAL ESTATE & REAL ESTATE , AG, FORESTRY, FORESTRY, , AG, WAREHOUSING FOOD SERVICES FOOD CONSTRUCTION RENTAL LEASING RENTAL MANUFACTURING ADMIN &SUPPORT, ADMIN &SUPPORT, MANAGEMENT OF MANAGEMENT PROF., SCIENTIFIC PROF., FISHING, HUNTING ACCOMMODATION/ WHOLESALE TRADE TRANSPORTATION & TRANSPORTATION MINING, QUARRYING, MINING, QUARRYING, OTHER SERVICES (EXCL (EXCL SERVICES OTHER OIL & GAS EXTRACTION OIL & GAS FINANCE & INSURANCE HEALTH CARE & SOCIAL HEALTH EDUCATIONAL SERVICES EDUCATIONAL ARTS, ENTERTAINMENT, ARTS, & TECHNICAL SERVICES

DOWNTOWN FRANKLIN COUNTY METRO

Source: US Census Bureau, Longitudinal Employer-Household Dynamics, 2014 | 18 EMPLOYMENT & OFFICE MARKET | 19

DOWNTOWN FRANKLIN COUNTY METRO DOWNTOWN FRANKLIN COUNTY METRO TOTAL ALL JOBS Count Share Count Share Count Share JOBS BY WORKER RACE Count Share Count Share Count Share 84,367 100% 716,238 100% 971,524 100% White Alone 6 8,528 81% 576,936 81% 809,003 83% Black or African American Alone 12,390 15% 107,480 15% 122,994 13% JOBS BY WORKER AGE American Indian or Alaska Native Alone 167 0.2% 1,770 0.2% 2,369 0.2%

Age 29 or younger 13,794 16% 172,181 24% 236,367 24% Asian Alone 2,362 3% 20,854 3% 25,500 3% Age 30 to 54 51,191 61% 405,698 57% 545,589 56% Native Hawaiian or Other Pacific Islander Alone 22 0.03% 365 0.1% 465 0.05% Age 55 or older 19,082 23% 138,359 19% 189,538 20% Two or More Race Groups 898 1% 8,833 1% 11,193 1%

JOBS BY EARNINGS JOBS BY WORKER ETHNICITY $15,000 per year or less 12,128 14% 164,843 23% 231,945 24% Not Hispanic or Latino 82,644 98% 697,304 97% 947,326 98% $15,000 - $40,000 per year 19,571 23% 241,014 34% 330,429 34% Hispanic or Latino 1,723 2% 18,934 3% 24,198 2% $40,000 per year or more 52,668 62% 310,381 43% 409,150 42% JOBS BY WORKER SEX Male 40,405 48% 353,953 49% 484,622 50% Female 43,962 52% 362,285 51% 486,902 50%

JOBS BY WORKER EDUCATIONAL ATTAINMENT

Downtown 5% 17% 26% 35% 16%

Franklin County 7% 20% 24% 24% 24%

Metro 7% 21% 24% 23% 24%

Ohio 7% 24% 25% 21% 23%

USA 10% 21% 25% 22% 22%

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, 2014 EMPLOYMENT & OFFICE MARKET SPOTLIGHT | 20

CONSTRUCTION ONE NEW HEADQUARTERS Bouncing back from the recession, Construction One was post-college degree. Their tools are laptops, tablets and poised to grow again. The family owned and operated phones, not a hammer and drill. With that comes higher national commercial construction company had been expectations.” located on Fifth Avenue since it was founded in 1978. According to President William Moberger, the location Another key factor revolved around recruiting. He realized was comfortable because most of the company’s business that construction project managers expected good offices was out of state and convenient access to the airport was and great amenities, which pointed to downtown. beneficial. “The downtown office allows us to bring in new recruits The company purchased the building at 101 East Town and be able to compete for the best talent,” Moberger says. Street eight years ago for a “good deal” and began to “It’s totally impacted our recruiting, and we have received re-tenant the mostly empty building. Moberger held no nothing but praise from clients.” intention to move his business into the building, but faced with an extensive remodel of the current office and “Now that we are here, I would never go back. I’m a big repeated nudging from his sons in the business, Moberger proponent of downtown. The amenities are significant. considered a move downtown. Columbus Commons is just across the street and offers kickball, live entertainment, food trucks or just a place “Our employee profile has changed over the years,” to walk around. Our employees do yoga in the park. It’s a says Moberger. “The average age is 35 with a college or great place for us as we continue to grow.” | 20 EDUCATION | 21

HIGHLIGHTS Enrollment remains strong at downtown’s colleges and universities. Columbus State Community College, representing the largest student population in downtown, advanced its master plan by convening stakeholders in the north Discovery District (area north of Broad Street on eastern side of downtown). The impressive collaboration seeks to transform the Discovery District into an attractive place build for people as CSCC focuses on cultivating the next generation’s workforce. Columbus College of Art and Design announced its new president, Dr. Melanie Corn, to lead the nearly 1,000 staff and over 1,000 students. She is the first female president in the school’s 136-year history. Capital University Law School was recently named in the top 20 schools for students seeking careers in government.

AT A GLANCE

5 institutions

32,372 Students 24,448 Columbus State Community College

5,737 Franklin University 1,288 Columbus College of Art & Design 533 Capital University Law School 366 Miami-Jacobs Career College

Fall 2014 Enrollment

Source: College Navigator, Capital University Fact Book EDUCATION SPOTLIGHT | 22

CCAD’S NEW PRESIDENT: DR. MELANIE CORN Columbus College of Art & Design remains a steadfast “With the growth of the creative economy in Columbus, anchor of the Discovery District, and this past spring, the and across the nation, I’m thrilled to help CCAD become college named Dr. Melanie Corn as its first female president an even more amazing breeding ground for artists and of its 136-year history. Dr. Corn came to CCAD as the designers who can use what they learn here to make a Provost of California College of the Arts in San Francisco. difference in the world and make a living doing what they love,” Dr. Corn said. “CCAD will continue to develop “I’ve taken on bragging about Columbus as my new new academic programs and increase opportunities hobby,” Dr. Corn said. “This is such a fantastic city for students to use their creative talents on real-world that combines the cutting-edge arts, culture, food projects through more community engagement, and entrepreneurship of a major metropolis with the internship opportunities and sponsored studios.” friendliness, ease and comforts of a Midwestern town. I’m looking forward to enjoying both sides of that coin and As a premier educational art institution, CCAD offers a being part of a community that makes my job easy by unique opportunity to spur economic development by recognizing the importance creative endeavors.” showcasing what all Columbus has to offer to its students, and perhaps more importantly, its graduates. In the first few months of her tenure, Dr. Corn will pull together her long-term strategy, which will outline how to increase enrollment and public profile.

| 22 RETAIL | 23

HIGHLIGHTS Downtown welcomed 9 new businesses in the first half of 2016, five of which opened on East Long Street. Emerging clusters include the areas around Grant and Long, and Fourth and Main. Proposed projects at Gay and High will add a considerable amount of first floor retail space in one concentrated area.

AT A GLANCE

180 Retail goods and services establishments

150 Restaurants and bars

9 Storefront businesses opened in first half of 2016

12 Average new businesses each year since 2008

2,167 SF average size of retail space leased in 2015

12 Average new businesses each year 2008-2015

$2,000 Average amount daytime employees spends per year on goods and services

$8,200 Average amount a resident spends per year on goods and services

Source: Boulevard Strategies, CCSID, DSID RETAIL | 24

POTENTIAL RETAIL CONSUMERS

COLLEGE/ IN TOWN LOCAL/ DOWNTOWN UNIVERSITY NEIGHBORHOOD DAYTIME OVERNIGHT REGIONAL RESIDENTS STUDENTS RESIDENTS EMPLOYEES VISITORS VISITORS

7,945 32,000 45,000 84,367 300,000 9.2 MILLION

ANNUAL SPENDING POTENTIAL ANNUAL SPENDING POTENTIAL BY RETAIL CATEGORY (MILLIONS) BY CONSUMER SEGMENT (MILLIONS)

$40 Leisure $20 Overnight visitors $35 Local/ regional visitors $120 $40 Convenience Home goods goods & $35 College/ services university students $165 $55 Daytime Fashion employees goods $105 $40 In town $55 Dining & neighborhood entertainment Downtown residents residents

Total Annual Spending Potential by Consumer Segment $360 Million

NEW BUSINESSES IN 2016:

Café Phenix - 39 E. Gay St. Condado Tacos - 132 S. High St. Jewelweed Floral Studio - 122 E. Long St. Downtown Bike Shop - 124 E. Long St. PowerHouse Gym - 9 E. Long St. Jimmy John’s Gourmet Sandwiches - 325 E. Long St. Sprint - 1 E. Gay St. TriVillage Self Storage - 195 E. Long St. Koko Tea Salon & Bakery - 361 E. Broad St.

Source: Boulevard Strategies | 24 RETAIL SPOTLIGHT | 25

BRIOSO ROASTERY AND COFFEE BAR When Jeff Davis opened Café Brioso 15 years ago on Gay The new shop is full of bright, natural light and lots of Street, he took a risk on Downtown, but he wanted an high-quality coffee equipment. Brioso now offers classes urban environment. from how to brew the perfect cup of coffee at home to more intricate techniques geared towards coffee “I wanted to open a shop somewhere I wanted to come to aficionados. work every day,” said Davis. “I saw potential in this space.” “I need to have great coffee to survive, and it’s one of the Jeff’s passion about coffee continues to fuel his vision most affordable luxuries accessible to everyone,” says as he roasts beans daily, which now occurs in his new Davis. “It brings me enjoyment to make it for everyone shop at 329 East Long Street. The Long Street space is here.” dedicated to coffee — coffee tasting, coffee creation, coffee education and coffee research and development. Learn more about both Café Brioso and the Roastery at “It was too busy at High and Gay Street to provide that briosocoffee.com. elevated coffee experience,” Jeff says. “We can really focus on coffee here.” HOSPITALITY & ATTRACTIONS | 26

HIGHLIGHTS AC Hotel by Marriott (163 rooms) on Park Street across from the and The Hayden Columbus, a Curio Collection hotel by Hilton on Broad Street at Pearl Alley were both announced. Canopy by Hilton (168 rooms) was approved by the Downtown Commission and is slated to open on Nationwide Boulevard in 2018. The highly anticipated Hotel LeVeque, an Autograph Collection Hotel, plans to open 149 rooms in November 2016. The Greater Columbus Convention Center’s $125-million upgrades continue on its main facility. The $18-million parking garage along Goodale Street opened to the public in February 2016. CBUS Bike Tours opened at 92 N. Front St., offering daily bike tours around downtown.

AT A GLANCE 9.2 Million Visitors a year 15 Hotels 4,000 Hotel Rooms Downtown 331 Rooms Proposed 149 Rooms Under Construction 70.3% Hotel Occupancy Downtown 65% Hotel Occupancy City of Columbus $136.17 Downtown Average Nightly Rate $99.22 City of Columbus Average Nightly Rate 2015 Theatre Attendance: 219,121 Ohio Theatre 122,427 Palace Theatre 78,170 Riffe (Studio Theatres + Capitol Theatre) 47,144 Southern Theatre

Source: Experience Columbus, CCSID, DSID | 26 HOSPITALITY & ATTRACTIONS SPOTLIGHT | 27

EXPERIENCE COLUMBUS This year Experience Columbus celebrates its 75th Thanks to visionary leaders, public/private partnerships anniversary as the city’s Destination Marketing and a collaborative spirit that is the envy of other Organization, bringing conventions and visitors to metropolitan areas, we have enjoyed steady progress Greater Columbus. that has made Columbus more beautiful, accessible, welcoming and vibrant for residents and visitors alike. Tourism is big business in Columbus, with an estimated annual economic impact of $8.7 billion generated by Building on this positive momentum, Experience 37.6 million day and overnight visitors, sports and Columbus has set its sights firmly on growing the Tourism arts enthusiasts, convention attendees and business Economy by attracting more conventions and visitors travelers. Direct annual visitor spending—that’s money who stay longer and spend more money. And Experience right out of visitors’ pockets into Central Ohio cash Columbus continues to lead image marketing efforts, such registers—is $5.7 billion. That spending translates into as the successful lifeincbus campaign, to showcase the jobs—nearly 71,000 in Columbus and Franklin County. In best of the Columbus experience to the world. fact, travel and tourism supports one in every 11 jobs in Franklin County. And money generated by the hotel bed Experience Columbus is supported with funding from tax—a record $42.6 million in 2016—benefits not only the City of Columbus and Franklin County, along tourism sales and marketing efforts, but also the arts and with members and corporate partners who invest in human services. its mission to ensure an even brighter future for the Columbus community. TRANSPORTATION & LAND USE | 28

HIGHLIGHTS The reconstruction of the I-70/71 interchange is the largest transportation project by far with a price tag of $845 million. The Central Ohio Transit Authority (COTA) launched the AirConnect service between downtown and John Glenn Columbus International Airport. CBUS Bike Tours opened at 92 N. Front St. offering daily bike tours around downtown.

AT A GLANCE

996 Total Acres (excluding right-of-way)

COTA 1.2 Million CBUS Circulator trips 1,500 Average daily weekday riders New AirConnect Service from Downtown to airport Real-time bus location information now available through Transit App

Car2go Car Share 200 Eco-friendly vehicles 146 Trips a day to/from Downtown 1,000+ Members live Downtown

CoGo Bike Share 41 Stations in system 20 Downtown stations Bicentennial Park is busiest station in system 30’s Age of most users

Sources: COTA CoGo Bike Share, car2go | 28 TRANSPORTATION & LAND USE | 29

DOWNTOWN COLUMBUS LAND USE Downtown Columbus is bounded by I-670, I-71, I-70 and the railroad tracks on the Scioto Peninsula. Excluding the river and right-of-way, the total land area in that boundary is 963 acres.

25 Parking Lots

20

15 Open Space

Oice “Transportation” includes COTA terminals, railroads, 10 and the Greyhound terminal.

Government Vacant buildings are grouped Cultural Transportation by most recent land use. Percent Total Area Total Percent Vacant Land Industrial “Open Space” includes Residential 5 public and private parks and Parking Garages Education

Retail/Restaurant plazas. Underground parking Oice/Retail Medical Hotel

Religious garages, the river and the Residential/Retail

0 AREA PERCENT TOTAL right-of-way were excluded. Hotel

The average household in New Religious ... while the average household in Parking has a daily carbon footprint Garages has the TheAlbany average householdVacant Land in New Albany Downtown....while the Columbus average household in Residential hasof 393 a daily pounds carbon of CO footprint2 per day, of the smallestDown tofootprintwn Columbus in the region: has the Residential/Retail Retail/

39largest3 pounds in central of CO Ohio... per day, Restaurant 163smallest pounds f ootprintof CO2 per in theday. region: the largest in central Ohio... 163 pounds of CO per day Industrial

126 Education transportation

39

housinOpen Space g 117 Cultural Transportation

Parking Lots 57 food 47 24 Medical

20 Office goods Government Retail

47 Office/ “Transportation” includes COTA terminals, railroads, and the Greyhound terminal Vacant buildings are grouped by most recent land use “Open Space” includes public and privates parks plazas Underground parking garages, the river and right-of-way were excluded Downtown Columbus Land Use = 1 pound of CO emissions 23

= 1 pound of CO2 emissions services 56

Source: Community Research Partners Data Byte TRANSPORTATION & LAND USE SPOTLIGHT | 30

COTA AIRPORT SERVICE AND REAL-TIME DATA The Central Ohio Transit Authority (COTA) launched a direct line from downtown to the airport in May offering service every 30 minutes, seven days a week. The specially branded bus, COTA AirConnect, stops at the Convention Center and services the downtown hotels before heading directly to John Glenn Columbus International Airport. The buses offer USB charging ports and luggage racks. Fares cost $2.75 one-way.

Real-time data is now available for COTA’s entire fleet through Transit App (available to download on smartphones). Transit App users have the ability to view all alternative transportation options mapped out based on one’s location and now will be able to see exactly where COTA buses are on their routes. | 30 CITY OF COLUMBUS | 31

COTA AIRPORT SERVICE AND REAL-TIME DATA CITY INCENTIVES Columbus Downtown Community Reinvestment Business Development Loan Fund and Working Area (CRA): The Downtown CRA is a designated Capital Loan Fund: This fund provides low-interest area of land in Downtown Columbus within which loans up to $199,000 for the acquisition of real property owners can receive a tax abatement estate and/or large equipment. These loans require related to eligible new investment in real property a second lending institution match; the loan fund improvements. The tax abatement can apply amount to comprise the principal. The creation to either residential and non-retail commercial of a minimum of one new job per $30,000 of City rehabilitation or new construction. The percentage investment is required with 51 percent of the term of the abatement is 100% on the real jobs created awarded to low-moderate income property taxes related to the finished value of the individuals. improvements and the length of the term is 10, 12 or 15 years depending on the type of improvement. Contact: City of Columbus Economic Development Division: Contact: Kasia Richey, (614) 645-8172 City of Columbus Economic Development Division: Anthony Slappy (614) 645-0719 Loan Fund Partners • Community Capital Development Corporation Downtown Office Incentive: Businesses locating (CCDC): www.ccdcorp.org or expanding in Downtown may be eligible for this • The Economic and Community Development incentive, which involves a cash payment equal to Institute: www.ecdi.org 50 percent of the local income tax withholdings for eligible new employees for a negotiated term for Downtown Streetscape Improvements: This a minimum of 10 new jobs created and retained funding is specific to streetscape improvements for within the Downtown area. Downtown commercial and 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 Green Columbus Fund: This fund was established offers tax incentives, loans and matching grant to encourage sustainable development and funds for qualified businesses within the area. redevelopment. Private businesses and non-profit The Job Growth Retail Incentive involves a cash organizations can receive grants up to $200,000 per payment equal to 25 percent of the local income project to assess and redevelop Brownfield sites or tax withholdings for new jobs. The Storefront to construct green buildings in Columbus. Renovation Grant offers a match up to $5,000 for exterior improvements to a building in the Contact: designated area. The Mile-on- High area is bound by City of Columbus Department of Development: Spring Street on the north, Front Street on the west, David Hull (614) 645-6330 Mound Street on the south and Fourth Street on the east.

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

PARTNER WITH USe

Capital Crossroads Special Improvement District collaborates with partners across public and private sectors to get things done. From research and analysis to extensive clean and safe programs to parking and transit advocacy, the SID helps make downtown THE place to be.

Through membership, businesses have the opportunity to work with the SID to set the stage for bigger things to come.

Contact Michelle Chippas, Director of Engagement, today to learn more. (614) 591-4506 or [email protected]. 23 N. Fourth St. Columbus OH 43215 e (614) 645-5133 Join US. DowntownColumbus.com