Columbus Retail Market Report
Columbus' Growing Tech Presence Lifts Economic Performance, Supplementing Retail Demand
Retail sales boosted by growing tech and student presence. Home to five Fortune 500 companies, Columbus has made a strong economic recovery from the health crisis and is poised for additional near-term growth. Major tech companies Intel and Hyperion are slated to establish sizable operations in the metro, with the former announcing it will bring 3,000 full-time jobs to the area. These moves will heighten central Ohio's status as a Midwest tech hub, while also increasing the number of higher-paying positions in Columbus. The resulting boost to the metro's median household income, paired with the Ohio State University maintaining in-person classes and lifting mask mandates, will induce more social gatherings and further elevate discretionary spending.