The City of Cincinnati partnered with Over-the-Rhine-based SoMoLend, a crowd-sourcing web-based platform connecting entrepreneurs with investors, to boost economic development and job creation by lending up to $400,000 to qualified SoMoLend businesses. In 2012, ArtWorks’ SpringBoard program graduated its 100th creative entrepreneur. Since its launch in June 2011, SpringBoard graduates started 19 new area businesses or nonprofits, including retail shops, restaurants, video production companies, artist cooperatives, creative
2012 U.S. Rental Rates: CBD Class A
2012 U.S. Vacancy: CBD Class A & B
Chicago $37.36 Los Angeles $36.12 Denver $30.00 Portland $24.89 Dallas $23.68 Detroit $22.80 Cincinnati $21.69 Cleveland $21.33 Nashville $20.50 Indianapolis $19.03 Kansas City $18.90 Atlanta $18.87 New York City (Downtown Manhattan) $18.75 Columbus $18.52 Memphis $18.26 St. Louis $17.73 Boston $13.92 Washington DC $11.90 Houston $10.69 Philadelphia $10.59 Raleigh/Durham $8.74
Dallas 27.6% Detroit 20.9% Cleveland 19.1% Los Angeles 19.0% Cincinnati 18.1% Atlanta 16.9% St. Louis 16.7% New York City (Downtown Manhattan) 15.4% Memphis 14.7% Kansas City 14.4% Houston 13.7% Nashville 13.5% Indianapolis 13.3% Chicago 13.2% Boston 13.1% Denver 12.3% Columbus 11.9% Philadelphia 10.8% Washington DC 10.5% Portland 9.9% Raleigh/Durham 6.1%
Source: Colliers International Q4 2012 North America Highlights
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downtown cincinnati INC.
nonprofits, and design boutiques, such as VisuaLingual.