{"id":16,"date":"2020-11-11T07:29:07","date_gmt":"2020-11-11T07:29:07","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=16"},"modified":"2023-03-10T08:15:54","modified_gmt":"2023-03-10T08:15:54","slug":"columbus-housing-market-trends-fall-2020","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/","title":{"rendered":"Columbus Housing Market Trends &#8211; Fall 2020"},"content":{"rendered":"<h2>Rent Growth Endures Amid Steady Demand<\/h2>\n<p>Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility. Weathering the national trend of declining rates during the second and third quarters, Franklin County rents stayed positive. On a trailing three-month basis through September, rents rose 0.3% to $1,018, while the U.S. average was up only 0.1% to $1,463.<\/p>\n<p>Employment gains started to decelerate at the beginning of last year. By July 2020, the health crisis had cost the metro more than 98,000 jobs, accounting for a 6.8% year-over-year workforce contraction. Following an initial shock, Columbus avoided more severe effects of the COVID-19 outbreak due to its lower population density, favorable cost-of-living metrics and diversified economy.<\/p>\n<p>Several large-scale industrial projects have completed groundbreaking or are in development across the metro. VanTrust Real Estate began work on a 2.3 million-square-foot park near&nbsp; Rickenbacker International Airport in September, and New Albany\u2014an emerging tech hub northeast of downtown Columbus\u2014will be home to Facebook\u2019s third facility in Ohio and Google\u2019s $600 million data center. In 2020 through September, 2,837 units came online, and more than $154 million in multifamily assets traded across Columbus\u2014a 58% drop compared to the same interval last year.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1132-MatrixMultifamilyColumbusReport-Fall2020?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Read the full Matrix Multifamily Columbus Report<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent Growth Endures Amid Steady Demand Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility. Weathering the national trend of declining rates during the second and third quarters, Franklin County rents stayed positive. On a trailing three-month basis through September, rents rose 0.3% to $1,018, while the U.S. average was [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[3,16],"class_list":["post-16","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-columbus","tag-multifamily-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Columbus Housing Market Trends - Fall 2020 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Columbus Housing Market Trends - Fall 2020\" \/>\n<meta property=\"og:description\" content=\"Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-11T07:29:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:15:54+00:00\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Columbus-iStock-1265247783.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Calugar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Columbus Housing Market Trends - Fall 2020 - Yardi Matrix Blog","description":"Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/","og_locale":"en_US","og_type":"article","og_title":"Columbus Housing Market Trends - Fall 2020","og_description":"Columbus\u2019 multifamily market has remained resilient in the face of economic and financial volatility.","og_url":"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2020-11-11T07:29:07+00:00","article_modified_time":"2023-03-10T08:15:54+00:00","author":"lilianam","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Columbus-iStock-1265247783.jpg","twitter_misc":{"Written by":"Laura Calugar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/columbus-housing-market-trends-fall-2020\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Columbus Housing Market Trends &#8211; 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