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Submitted URL: http://colliers.com/columbus
Effective URL: https://www.colliers.com/en/united-states/cities/columbus
Submission: On November 12 via api from US — Scanned from US
Effective URL: https://www.colliers.com/en/united-states/cities/columbus
Submission: On November 12 via api from US — Scanned from US
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Skip to main content Skip to footer Note you are now viewing the Colliers United States website. 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We accelerate the success of our clients by using our spirit of enterprise and our entrepreneurial approach to problem solving. JOIN EMAIL LIST FEATURED NEWS FEATURED NEWS Oct 9, 2024 COLLIERS | COLUMBUS WELCOMES CODY CAREY Read More Oct 9, 2024 PERFORMANCE CONTRACTING INC. SELECTS EMERALD III FOR THEIR NEW DUBLIN OFFICE Read More Oct 8, 2024 COLLIERS' COLUMBUS OFFICE GROWS ITS MULTIFAMILY FOCUS WITH NEW HIRE Read More Sep 23, 2024 A LOOK AT CENTRAL OHIO'S RECENT LARGE OFFICE LEASES Read More View More FEATURED RESEARCH FEATURED RESEARCH Oct 10, 2024 2024 Q3 INDUSTRIAL TRENDS COLLIERS COLUMBUS Vacancy in Columbus decreased slightly in the third quarter, declining to 7.01%. Supply has continued to outpace demand over the past four quarters, resulting in a slowdown in construction activity, which in turn will help balance the supply and demand equation. Read More Oct 10, 2024 2024 Q3 OFFICE TRENDS COLLIERS COLUMBUS As of mid-2024, the office market in Columbus, Ohio, is navigating a complex landscape shaped by high vacancy rates and shifting tenant demands. The Columbus office market experienced negative absorption for the third consecutive quarter, resulting in a 45-basis-point jump in overall vacancy to 19.29% Read More Jul 1, 2024 2024 Q2 RETAIL TRENDS COLUMBUS Read More Jun 30, 2024 2024 Q2 INDUSTRIAL TRENDS COLLIERS COLUMBUS The Columbus industrial market experienced negative absorption for the first time since Q4 2019. Many socioeconomic factors have led to the slowing of the industrial boom resulting in numbers that align closer to pre-pandemic trends. Major tenants such as TJ Maxx (1.1 million square feet), Pepsi/Quaker (320,000 square feet), Newell brands (756,333) and Brooks (125,000 square feet) vacated all or portions of their spaces this quarter, significantly impacting net absorption in the Pickaway and Southeast submarkets. Speculative construction activity continues to decelerate, aligning closely with pre-pandemic levels. All construction activity has decreased by over 25 percent year over year. Build-to-suit projects are steering construction due to debt and capital markets having negative impacts on speculative construction. Build-to-suit construction has risen to 73 percent of total construction, amounting to 7.9 million square feet of construction. Read More View More LOCAL LEADERSHIP Previous RICHARD SCHUEN CEO | Columbus Columbus Call now +1 614 410 5612 Call Mobile +1 614 206 5862 Email Richard is a founding principal of the Greater Columbus Region’s office of Colliers. He is responsible for the company’s strategic direction and works closely with the firm’s key investment and service clients in providing creative solutions to their real estate problems. Richard also oversees the brokerage activities and is intimately involved in the sale of investment properties. With more than 25 years of experience in the commercial real estate field, Richard’s expertise includes acquisition and sale of investments, financing, leasing, and asset management. View expert CHRISTIAN SMITH Managing Director - VAS Columbus - Valuation Call now +1 614 437 4684 Call Mobile +1 614 378 1053 Email Christian Smith, MAI is a Managing Director with Colliers International Valuation & Advisory Services (CIVAS) working within the Columbus, Ohio office. Mr. Smith joined CIVAS in 2020 and his professional experience has focused on the preparation and review of real estate appraisals, market studies, and feasibility studies for a wide variety of property types including office, retail, industrial, multi-family, senior housing, net leased investments, hotel/motel, and various special purpose properties. Christian has appraised properties throughout the United States and holds General Certifications in the States of Ohio, New York, Michigan, West Virginia, Wisconsin, Illinois, Indiana, Georgia, South Carolina and the Commonwealths of Kentucky, Pennsylvania and Virginia. Mr. Smith has extensive experience providing appraisals of market value, market rent studies, market feasibility analyses, fair market rental value for Stark Law compliance purposes, fair value subject to FASB Accounting Standards Codification, highest & best use analyses, valuations of investment value, expert witness testimony, and consultations for clients that include financial institutions, insurance companies, healthcare systems, real estate investment trusts (REITs), asset management companies, corporations, developers, attorneys, and individual property owners. View expert BRUCE NELL Senior Vice President | Advisory Services & Manufactured Housing Practices Leader Columbus - Valuation Call now +1 614 437 4687 Email Bruce Nell serves as the Executive Managing Director of Colliers International’s Columbus, Ohio office which provides valuation and advisory services throughout the Ohio Valley Region. He has extensive experience in commercial real estate, having completed assignments in all 50 states, Washington D.C. and Canada. Projects have ranged from CBD trophy high‐rise office buildings, Manhattan residential buildings, regional shopping malls, industrial facilities and numerous multifamily residential developments. He has facilitated client valuation needs in Puerto Rico, Mexico, Costa Rica, Portugal and New Zealand. He also serves as the National Practice Leader of the company’s Manufactured Housing Community (MHC) Valuation Group. Bruce has been nationally recognized for work with manufactured home communities and RV resorts. He has been a frequent speaker on MHC valuation for the Manufactured Housing Institute, as well as several state and regional associations. View expert PAUL KRIMM President | Principal Columbus Email Paul Krimm is a seasoned commercial real estate professional with more than 30 years in the industry, possessing extensive knowledge in brokerage, corporate real estate, management and operations. His experience is complemented by a passion to directly impact the development and training of his team, as well as pushing operating results while focusing on client satisfaction. As President | Principal for the Columbus operation of Colliers, Paul is responsible for driving recruitment, new business development, implementing strategic plans, spearheading operational success and efficiencies, and developing, as well as implementing, training and best practices across all service lines, including including Brokerage, Real Estate Management Services, Facility Services and Project Management. Prior to joining Colliers, Paul spent 19 years at Cushman & Wakefield in a variety of leadership roles, most recently serving as the Managing Principal. Paul also serves as an Adjunct Professor at The Ohio State University, Fisher School of Business. He is a member of the Building Owners and Managers Association (BOMA), the International Council of Shopping Centers (ICSC), and the Central Ohio Chapter of the National Association of Industrial and Office Properties (NAIOP) for whom he currently serves as Treasurer. View expert JULIE SIMONO Executive Vice President, Real Estate Management Services Columbus Email Julie specializes in the fields of commercial property management and facility management. She has over 16 years of commercial real estate experience, having worked with a diverse number of customer service oriented organizations. Julie joined Colliers in 2007 as Property Manager until 2011. Prior to making her way back to Colliers, she was employed by several prominent commercial real estate firms. Julie is responsible for the development and operation of the Real Estate Management Services team. Julie is regarded as a knowledgeable professional with exceptional leadership and team building skills. Because of this, she has been key in the growth of the department, ensuring the right team members are in place and there is support where it is needed. She is always looking ahead operationally to ensure we are doing things efficiently and is always watching the bottom line. Julie has been instrumental in the development of long- term client relationships. She attributes much of her success over the years to her enthusiasm to learn coupled with a strong work ethic. She is a true professional and one that others look up to and respect. View expert Next * 1 * 2 * 3 -------------------------------------------------------------------------------- View Our Experts MAKING A DIFFERENCE IN COLUMBUS * About Us * Our Market * Service * Community About Us COLLIERS | COLUMBUS Locally founded in 1997, our offices in Downtown Columbus and Polaris offer a full-service, client-focused experience. We provide comprehensive brokerage, marketing, management, maintenance, design, construction and development services to the owners and occupiers of commercial real estate in the Columbus area and throughout Central Ohio. Our staff consists of over 120 experienced professionals who are the keys to the success of our organization. We offer clients an entrepreneurial approach to problem solving, exceptional service and accountability, based on performance and results. Our Market WHY COLUMBUS? Located in the center of Ohio, Columbus is the 2nd largest city in the Midwest and the 14th largest in the United States. The region, whose population has never declined, is experiencing a period of tremendous growth and boasts some of the best business resources around. With 52 colleges and universities in the area, the region possesses a young, educated workforce that is expanding at a rate substantially higher than the national average. Columbus is known for retaining this talent, as the city has one of the largest concentration of millennials in the nation and was ranked the #1 place for college grads by SmartAsset. Columbus is located within a 10-hour drive of 46 percent of the country’s population, making it a point of access for businesses and consumers. With access to top transportation networks like John Glenn International Airport, Rickenbacker International Airport, numerous rail terminals and national interstates, Columbus is a certified logistics hub. No industry accounts for more than 18 percent of employment, meaning Columbus’ economy is more diversified than ever. The area is home to numerous Fortune 1000 and Fortune 500 companies, reinforcing its reputation as a first-class business environment. Service SERVICE We strive to create positive, memorable experiences by exceeding expectations both in business outcomes and in personal interactions. We understand that great service builds trust with our clients and reduces complications when doing business. Community BUILDING UP OUR COMMUNITY We are deeply committed to our communities. Each quarter we host a company-wide volunteer event and have worked with a number of local charities, such as: * The Central Ohio Boys and Girls Club * Franklin County Children Services * The Ronald McDonald House * Huckleberry House * The Central Ohio Salvation Army * YWCA * Mid-Ohio Food Bank * LifeTown * Franklin County Dog Shelter and Adoption Center * Columbus Humane * Dress for Success For the past 13 years, we have been proudly involved in the local charity bike race, Pelotonia. We sponsor a peloton of Colliers team members and friends and have raised over $250,000 for cancer research at the James Cancer Center and Solove Research Institute at The Ohio State University. OUR OFFICES Previous COLUMBUS - POLARIS 8800 Lyra Drive, Suite 650 Columbus, Ohio 43240 United States Get Directions Call now +1 614 436 9800 COLUMBUS - VALUATION 8800 Lyra Drive, Suite 650 Columbus, OH 43240 United States Get Directions Call now +1 614 436 9800 COLUMBUS Two Miranova Place, Suite 900 Columbus, OH 43215 United States Get Directions Call now +1 614 436 9800 COLUMBUS - POLARIS 8800 Lyra Drive, Suite 650 Columbus, Ohio 43240 United States Get Directions Call now +1 614 436 9800 COLUMBUS - VALUATION 8800 Lyra Drive, Suite 650 Columbus, OH 43240 United States Get Directions Call now +1 614 436 9800 COLUMBUS Two Miranova Place, Suite 900 Columbus, OH 43215 United States Get Directions Call now +1 614 436 9800 COLUMBUS - POLARIS 8800 Lyra Drive, Suite 650 Columbus, Ohio 43240 United States Get Directions Call now +1 614 436 9800 COLUMBUS - VALUATION 8800 Lyra Drive, Suite 650 Columbus, OH 43240 United States Get Directions Call now +1 614 436 9800 Next * 1 * 2 HOW CAN WE HELP YOU? * Required Field First name * Last name * Phone (optional) Email * Company (optional) Message * Consent Options I understand and agree that my contact details will be saved and used by Colliers to respond to my contact request by email or by phone if I submitted my phone number. (Required) * I understand and agree that Colliers may occasionally send me marketing offers and updates by email. (Optional) I understand and agree that I have read the Colliers Terms of Use and Privacy Policy which outline in more detail how my contact details are saved and processed, and how I can withdraw my consent at any time. (Required) * An unexpected error has occurred. Please refresh the page and try again. Your request has been submitted. Someone will contact you shortly. * About * News * Careers * Investor Relations * Knowledge Leader Blog * * * * * Cookie Policy * Privacy Policy * Terms of Use * Accessibility Statement Copyright © 2024 Colliers USAGE OF COOKIES Cookies are important to the proper functioning of a website. To improve your experience, we use cookies to remember login details and provide secure access to the site, collect data to optimize site functionality and deliver content tailored to your interest. 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Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. STRICTLY NECESSARY COOKIES Always Active These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. Cookies Details FUNCTIONAL COOKIES Functional Cookies These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. Cookies Details PERFORMANCE COOKIES Performance Cookies These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Cookies Details TARGETING COOKIES Targeting Cookies These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. 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