Columbus Retail Market Report
Retail Demand Buoyed by Growing Tech Presence;
University Area Poised to Tighten Further
Growing population a tailwind for single-tenant spaces. Columbus is expected to record the highest net in-migration among the trio of major Ohio markets in 2022, with over 14,000 new residents expected to flow in. This population growth will be further enhanced in the long term by the entrance of major tech companies, such as Intel, and in the shorter term by the city's growing roster of startups, particularly those in the tech sector. Additional residents will underpin a rise in consumer demand for necessity goods, such as home goods and food products, and dining. Retailers seeking out restaurant and supermarket space in the metro will maintain Columbus' standing as the second-tightest single-tenant market in the nation.