Asking Rent Growth Among Nation’s Best
The Columbus multifamily market emerged as one of the country’s top performers, thanks to balanced fundamentals and healthy demand during the first half of 2025, according to the latest Yardi Matrix Columbus multifamily market report. Average advertised asking rents were up 0.6% on a trailing three-month basis, to $1,375, clocking in at three ti es the 0.2% U.S. growth rate, as reported in the national multifamily outlook. Year-over-year, Columbus rent gains reached 3.9%, second only to Chicago (4.1%) among Yardi Matrix’s top 30 metros. The metro’s employment growth was up 1.0% as of May, 20 basis points above the national rate. Professional and business services led gains, accounting for 6,500 of the 18,400 net positions added.
The area’s unemployment rate stood at 4.7% as of June, 60 basis points higher than the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. Vantage Data Centers announced a new $1 billion data center project in central Texas. The development is expected to break ground before the end of this year, with completion slated for 2027.
A total of 1,782 units, or 0.9% of existing stock, came online this year through July, 70 basis points behind the national rate of completions. The metro’s five-year average clocked in at 5,650 units delivered yearly. Transaction activity remained slow, with just $238 million in deals recorded year-to-date through July, marking the slowest pace in Columbus in a decade.
Read the full Yardi Matrix Columbus Multifamily Market Report: September 2025
Add Comment