Things to Know About The Columbus Real Estate Market in 2019
As we moving into 2019, numbers and predictions about the Columbus real estate market are being released based on surveys, studies, and other reports.
Here are a few things that investors should know about Columbus real estate in 2019:
The Market is Expected to Do Well in 2019
The 2019 real estate market predicts Columbus is one of the top markets for doing business in real estate based on many factors like job growth, property affordability and the frequency of searches on their real estate listing.
Population Growth and Occupancy Rates Look Strong
Columbus remains the fastest growing city in Ohio. Many of the people migrating to Columbus are young and from the millennial generation, thanks to Columbus’ thriving job market, the presence of Ohio State University and the sprawling downtown area.
New Construction is Expected to Boom
In 2019 new projects and hiring will grow throughout the year in Ohio. Many construction firms nationwide said they plan on hiring in 2019, and Ohio firms expect more new multifamily projects in Columbus to be built. Increases in new multifamily properties will only be outpaced by new hospital and sewer projects.
With more young people moving to the area, the demand for rent will definitely continue to rise throughout 2019. If you are looking for new investment and multifamily properties, contact Brown Multifamily Advisors today.
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