August 2024 – NAI Ohio Equities, LLC

Three Ways Columbus’ Newly Adopted Zoning Code Impacts Commercial Real Estate

August 27, 2024August 27, 2024 Alexa Broylesaffordable housing, columbus, commercial real estate, CRE, economic development, zoning

Columbus City Council officially adopted changes to the city’s zoning code in July. The change marks the first significant evaluation and reformation of the prior code in more than 70 years. The years-long effort culminated in a unanimous vote for all six resolutions and the legislation is slated to take effect on August 28. As a result, six mixed-use districts were created along key corridors of the city, incentivizing the development of up to 88,000 housing units. Here’s what the change means for commercial real estate. Eliminating Parking Requirements, Relaxed…

July Closed Transactions

August 6, 2024August 6, 2024 Alexa Broylescolumbus, commercial real estate, CRE, industrial, investment, land, office, retail, transactions, Warehouse

July included some notable transactions for our brokerage. Overall, we closed 19 transactions equating to more than 389,000 square feet. Office transactions accounted for nearly half of the month’s activity with the highest value office transaction being the sale of 262-266 S. Third Street. The investment property was sold by John Mally, Chad Boggs and Andrew Green for $1.8 million. The Office Brokerage Group of Matt Gregory SIOR, CCIM, Andy Dutcher, SIOR and Philip Bird, SIOR closed 47% of the month’s transactions with the team’s highest value deal being the…