Columbus, Ohio - Tertiary Markets

[Jason Allen]

It's no secret that Columbus, Ohio was named the 3rd hottest Real Estate market by Zillow for 2024 - https://www.nbc4i.com/news/local-news/real-estate/columbus-n...

This shouldn't be a surprise with so many fortune 500 companies like Intel, Google, and Wells Fargo investing Billions in Columbus

- https://www.10tv.com/article/news/local/road-improvements-be...

- https://ohiocapitaljournal.com/2023/05/08/google-is-building...

- https://www.dispatch.com/story/business/2023/12/12/wells-far...

But I am constantly asked, "where are the deals?" While the 1% rules and deals with significant equity have become increasingly difficult to find within the 270 outer belt, there are an abundance of these deals to be found both off and on market in the Columbus' Tertiary Markets. For instance, Intel's $20 Billion investment is in Licking County (see link above - well outside the 270 outer belt). Many of locals are against the new developments and want to keep the potential cash on cash return a top secret. While others understand the development and influx of "out of state money" is inevitable. The locals who realize that this IS inevitable have been cashing-in and seeing absurd returns on their investment. While you can never lose selling at a gain, what are the ones who are selling potentially missing out on by selling this early? Well, just the potential appreciation that could be seen with the 20,000 new jobs Intel is predicted to bring in with an average salary of $135,000 a year (currently over 2x the median house hold income in Licking County) - https://www.axios.com/local/columbus/2022/01/24/mega-intel-c... So, after Intel finishes its $20 Billion investment, there will be an additional $2.7 Billion paid to the employees every year after ($135,000 average salary x 20,000 predicted jobs). I can only imagine the appreciation that will come after the factory is complete.