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User Stats

7
Posts
16
Votes
Kent Petersen
16
Votes |
7
Posts

What will the growth in Columbus in the next years do for Real Estate in the City?

Kent Petersen
Posted Apr 18 2023, 08:13

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!

User Stats

891
Posts
752
Votes
Michael K Gallagher
Agent
  • Real Estate Agent
  • Columbus OH
752
Votes |
891
Posts
Michael K Gallagher
Agent
  • Real Estate Agent
  • Columbus OH
Replied Apr 18 2023, 08:20

agreed!  I did not hear about the volley ball team but I did hear about the potential of a woman's soccer team expansion coming here which would be dope!  Don't forget about the peninsula project, and Gravity 2.0 in Franklinton!

I'm thinking we need some 3d printed developments or some alternative strategies for building, central OH is way behind and its just going to get worse as far as inventory.

User Stats

5,266
Posts
6,110
Votes
Remington Lyman
Agent
  • Real Estate Agent
  • Columbus, OH
6,110
Votes |
5,266
Posts
Remington Lyman
Agent
  • Real Estate Agent
  • Columbus, OH
Replied Apr 18 2023, 09:52
Quote from @Kent Petersen:

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!


That is cool. I had not heard about the Volleball announcement - 

"The Pro Volleyball Federation has ties to Bengals quarterback Joe Burrow and his family.

It was reported in December that Burrow and his parents, Jimmy and Robin, became founding partners."

https://abc6onyourside.com/new...

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User Stats

1,404
Posts
1,194
Votes
Jimmy Lieu
Agent
  • Real Estate Agent
  • Columbus, OH
1,194
Votes |
1,404
Posts
Jimmy Lieu
Agent
  • Real Estate Agent
  • Columbus, OH
Replied Apr 18 2023, 10:13
Quote from @Kent Petersen:

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!

First time hearing about the volleyball team but, I'm stoked with the new developments. This is why I always tell my investor clients that Columbus Ohio is an absolutely safe bet 10-20 years from now and you would have wished to buy anything! Anything cash flowing property you buy today here is going to be a goldmine! As a local investor and agent here in Columbus Ohio, if anyone is interested in learning more about the city or wants to connect, feel free to reach out.

User Stats

26
Posts
20
Votes
Phong Bui
  • Rental Property Investor
20
Votes |
26
Posts
Phong Bui
  • Rental Property Investor
Replied Apr 18 2023, 11:44
Quote from @Michael K Gallagher:

agreed!  I did not hear about the volley ball team but I did hear about the potential of a woman's soccer team expansion coming here which would be dope!  Don't forget about the peninsula project, and Gravity 2.0 in Franklinton!

I'm thinking we need some 3d printed developments or some alternative strategies for building, central OH is way behind and its just going to get worse as far as inventory.


I hear you on 3d tech, I would like to see implementation of micro-apartments and an official direction for adu here in columbus as well.

Unfortunately I'm not too much a fan of how the smart city grant was handled in regards to transportation tech, so I don't have much faith in the city handling new ideas to address population density/growth.

User Stats

1,043
Posts
1,301
Votes
Brandon Goldsmith
Agent
  • Real Estate Agent
  • Columbus, OH
1,301
Votes |
1,043
Posts
Brandon Goldsmith
Agent
  • Real Estate Agent
  • Columbus, OH
Replied Apr 18 2023, 13:43

Definitely, a lot is coming into the city. I did hear about the volleyball team the other week! @Kent Petersen

User Stats

3,673
Posts
3,445
Votes
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,445
Votes |
3,673
Posts
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied Apr 18 2023, 14:49

Columbus is really getting pretty interesting with all these huge investors coming in. This is the first that I've heard of the Volleyball team as well.

User Stats

891
Posts
752
Votes
Michael K Gallagher
Agent
  • Real Estate Agent
  • Columbus OH
752
Votes |
891
Posts
Michael K Gallagher
Agent
  • Real Estate Agent
  • Columbus OH
Replied Apr 19 2023, 07:44
Quote from @Phong Bui:
Quote from @Michael K Gallagher:

agreed!  I did not hear about the volley ball team but I did hear about the potential of a woman's soccer team expansion coming here which would be dope!  Don't forget about the peninsula project, and Gravity 2.0 in Franklinton!

I'm thinking we need some 3d printed developments or some alternative strategies for building, central OH is way behind and its just going to get worse as far as inventory.


I hear you on 3d tech, I would like to see implementation of micro-apartments and an official direction for adu here in columbus as well.

Unfortunately I'm not too much a fan of how the smart city grant was handled in regards to transportation tech, so I don't have much faith in the city handling new ideas to address population density/growth.


Oh man you are not wrong at all my friend! That smart city thing was a total dud in my book. I am also a huge fan of the city getting their head out of there you know what with regards to the ADU's. They recently announced some "ADU" trial run which is great and all, but like we have carriage houses and ADU's already in the near east side and near west side neighborhoods, so it has always blown my mind that there is no clear zoning direction on them.

User Stats

1,615
Posts
1,643
Votes
Marc Rice
Agent
  • Real Estate Agent
  • Columbus, OH
1,643
Votes |
1,615
Posts
Marc Rice
Agent
  • Real Estate Agent
  • Columbus, OH
Replied Apr 30 2023, 12:15
Quote from @Kent Petersen:

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!


 Columbus is rapidly growing! Midterm rentals will be a good opportunity as the transient traffic rises.

User Stats

17
Posts
15
Votes
Mostafa Faghih
  • Financial Advisor
  • Los Angeles, CA
15
Votes |
17
Posts
Mostafa Faghih
  • Financial Advisor
  • Los Angeles, CA
Replied Apr 30 2023, 13:26
Quote from @Kent Petersen:

Columbus is adding multiple developments in the next couple of years.

First, Intel being built is bringing 7,000 construction jobs, as well as 3,000 permanent jobs to the city!

Secondly, Nationwide Childrens Childrens hospital is adding on a new orthopedics and surgery center, new research facilities, and a new 12 story inpatient hospital tower. 

Lastly, there have been talks about a professional volleyball team that will be calling Columbus their home town. This looks like they will be hitting the city in 2024. 

Lots to be excited about for the city of Columbus!

In Columbus, OH, the property price appreciation would grow by 1.619%, according to WalletInvestor's AI-powered forecast. However, I am not sure if it is reliable.

Based on WalletInvestor forecasts:
1-Year forecast
1.619%

5-Year forecast
8.618%

10-Year forecast
16.315%

What do you think?

User Stats

19
Posts
33
Votes
Replied Apr 30 2023, 13:46

Columbus is definitely expanding.  I used to live in the SW and saw explosive growth and costs shot up.  Median costs in Phoenix were appx $400k.  Columbus is sitting around $250k.  Can Columbus see the same median prices in the next 5-10 years?