As does asset class.  

we're in similar boat...

The more USD circulates inside the US, the stronger middle class get's. 

fellow NJ investor here, I've been looking on expanding my portfolio.. researched columbus for a couple of months, but couldn't find "great" deals, unless it was in class C or lower neighborhoods. 

Sounds like capex as opposed to operating expenses which are usually left out of NOI for all asset classes. 

@Conrado BalicustoMy thoughts for you…Long term holds are much less labor intensive than short term rentals.Cheaper C class rentals will let your investment funds to go further than buying A class properties.  

Although Reston as a whole has experienced this as well, with a 23.8% vacancy (Source) for the entire submarket, the Reston Town Center in particular has just a 4% office vacancy, with Boston Properties Group, planning to deliver another 1.1 million square feet with Reston Next.Boston Properties Group (BXP), is currently the largest publicly traded developer, owner, and manager of Class A Office property in the United States.

This incentive program is reviewed separately from the above grant programs and requires City support to be eligible for the Property class change.

In Chicago class A/B neighborhoods you can still get .8% rent to purchase ratios.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.