{"id":8799,"date":"2024-10-09T08:13:00","date_gmt":"2024-10-09T08:13:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8799"},"modified":"2025-05-22T08:38:17","modified_gmt":"2025-05-22T08:38:17","slug":"columbus-multifamily-market-report-september-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/columbus-multifamily-market-report-september-2024\/","title":{"rendered":"Columbus Multifamily Market Report \u2013 September 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/columbus-multifamily-market-report\/\">Columbus Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rent Gains Maintain Positive Improvement<\/h2>\n<p>Despite economic volatility, Columbus fundamentals have been mostly solid, according to the latest Yardi Matrix Columbus multifamily market report. Advertised asking rents were up 0.2% on a trailing three-month basis, to $1,297, behind the U.S. rate of growth, as reported in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily outlook<\/strong><\/a>. However, Columbus gains continued to outperform on a yearly basis. Meanwhile, occupancy in stabilized properties was down 40 basis points year-over-year as of June, to 94.6%, driven by an uptick in upscale deliveries.<\/p>\n<p><iframe id=\"datawrapper-chart-dQR9j\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Columbus vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/dQR9j\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Columbus employment was up 0.8% in the 12 months ending in May, with 13,000 net jobs added. The metro\u2019s growth rate was 50 basis points below the national average. Education and health services led gains, with 9,600 positions. The area\u2019s unemployment rate stood at 4.8% as of June, 70 basis points below the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. A new terminal at John Glenn Columbus International Airport could boost Columbus\u2019 local economy significantly. The $2 billion project, which is slated to break ground next year, will add 36 new gates.<\/p>\n<p><iframe id=\"datawrapper-chart-DbwXl\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Columbus Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/DbwXl\/1\/\" height=\"423\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>A total of 2,097 units, or 1.1% of existing stock, came online this year through July, 30 basis points behind the national pace of completions. The metro\u2019s five-year average clocked in at 4,818 units delivered yearly. Transaction activity remained slow, with just $314 million in assets changing hands, a far cry from the record-breaking volumes of 2021 and 2022.<\/p>\n<p>Read the full Yardi Matrix Columbus Multifamily Market Report: <a href=\"\/publications\/download\/file\/6217-MatrixMultifamilyColumbusReport-September2024\" rel=\"\"><strong>September 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rent Gains Maintain Positive Improvement Despite economic volatility, Columbus fundamentals have been mostly solid, according to the latest Yardi Matrix Columbus multifamily market report. Advertised asking rents were up 0.2% on a trailing three-month basis, to $1,297, behind the U.S. rate of growth, as reported in the national multifamily outlook. However, Columbus gains continued to [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":7869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[3,511],"class_list":["post-8799","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-2024"],"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 Multifamily Market Report \u2013 September 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Columbus were up 0.2 percent on a T3 basis in July, to $1,297, 10 basis points below the national increase.\" \/>\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-multifamily-market-report-september-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Columbus Multifamily Market Report \u2013 September 2024\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Columbus were up 0.2 percent on a T3 basis in July, to $1,297, 10 basis points below the national increase.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/columbus-multifamily-market-report-september-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-09T08:13:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T08:38:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/05\/Columbus-iStock-1810150922.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Columbus Multifamily Market Report \u2013 September 2024 - 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