Columbus, Ohio Retail Submarkets Overview 2024 COLUMBUSRETAILTEAM
MARKET OVERVIEW
Located in the center of Ohio, Columbus is the 3rd largest city in the Midwest and the 15th 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. The population grew 1.1% during the final 2 quarters of 2023 alone, earning the top rating in Bank of America Institute Ranking.
COLUMBUSRETAILTEAM
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, more than any other major city, 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.
DIVERSIFIED ECONOMY
10% 15% 3% 15% 4% 8% 4% 11% 5% 7% 18% Education & Health Leisure & Hospitality Other Services Government Construction & Mining Manufacturing Wholesale Trade Retail Trade Transportation & Utilities Financial Activities Professional & Business Services
* *accounts for the Columbus MSA Current population* is 2.26M and is expected to grow to 3 M by 2050. Columbus sees 49.6 million annual vistors. ”No. 1 opportunity city” - Forbes
1. Bexley
2. Canal Winchester
3. Circleville
4. Clintonville
5. Delaware
6. Downtown
7. Dublin
8. Easton
9. Franklinton
10. Gahanna
11. Georgesville Rd
12. German Village
13. Grandview
14. Grove City
15. Hamilton Quarter
16. Hilliard
17. Lancaster
18. Lewis Center
19. Lincoln Village
20. Marion
21. Marysville
22. Newark
23. New Albany
24. Obetz
25. Ohio State University
26. Pataskala
27. Pickerington
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28. Polaris
29. Powell
30. Reynoldsburg
31. Short North
32. South High St
33. Sunbury
34. Upper Arlington
35. Westerville
36. Whitehall
37. Worthington
International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is its licensor(s). © 2024. All rights reserved. Data source: ESRI, HERE, Garmin, FAO, NOAA, USGS, © OpenStreetMap. Logo data copyright © 2024 ChainXY Solutions Inc. All rights reserved. Map id: B_302086 1 inch represents 10.66 miles RETAIL SUBMARKETS
Total Market Size: 251K SF
Data as of Q1 ‘24 4 BEXLEY
Population Employees Median HH Income 15,487 114,674 316,533 1 3 5 4,720 63,229 275,404 1 3 5 $107,760 $47,451 $50,947 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.4M SF
Data as of Q1 ‘24 Population Employees Median HH Income 6,387 34,269 98,135 2,868 9,351 25,901 $102,792 $93,405 $79,855
CANAL WINCHESTER
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CIRCLEVILLE
Total Market Size: 1.7M SF
Data as of Q1 ‘24 6
Population Employees Median HH Income 7,938 17,527 20,396 1 3 5 2,945 10,762 11,848 1 3 5 $43,996 $48,710 $52,190 1 3 5 COLUMBUSRETAILTEAM
Market Size: 2.9M SF
Data as of Q1 ‘24 7
Population Employees Median HH Income 12,273 144,960 376,793 1 3 5 6,819 74,882 236,528 1 3 5 $109,820 $61,183 $62,939 1 3 5 COLUMBUSRETAILTEAM
CLINTONVILLE Total
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Data as of Q1 ‘24
Population Employees Median HH Income 15,376 149,141 353,140 102,420 240,913 324,021 $71,026 $55,282 $54,592 COLUMBUSRETAILTEAM
DOWNTOWN (CBD)
Data as of Q1 ‘24 10 DUBLIN Total
Population Employees Median HH Income 4,832 84,944 201,302 1 3 5 21,496 73,578 123,658 1 3 5 $116,035 $95,420 $102,175 1 3 5 COLUMBUSRETAILTEAM
Market Size: 3.7M SF
Total Market Size: 3.8M SF
Data as of Q1 ‘24 11 EASTON
Population Employees Median HH Income 4,231 115,144 288,521 1 3 5 22,544 58,797 134,204 1 3 5 $78,523 $62,306 $61,374 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 960K SF
Data as of Q1 ‘24 12 FRANKLINTON
Population Employees Median HH Income 8,614 148,540 335,288 1 3 5 10,553 228,432 323,884 1 3 5 $30,236 $59,452 $56,613 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.5M SF
Data as of Q1 ‘24 13 GAHANNA
Population Employees Median HH Income 8,896 67,679 232,110 1 3 5 6,109 54,432 118,426 1 3 5 $94,097 $84,016 $67,420 1 3 5 COLUMBUSRETAILTEAM
Data as of Q1 ‘24 14
Population Employees Median HH Income 10,538 116,837 251,740 1 3 5 6,604 41,235 111,049 1 3 5 $45,721 $56,841 $66,332 1 3 5 COLUMBUSRETAILTEAM
GEORGESVILLE RD Total Market Size: 625K SF
Total Market Size: 655K SF
Data as of Q1 ‘24 15
GERMAN VILLAGE
Population Employees Median HH Income 16,652 113,259 326,690 1 3 5 32,821 172,250 315,767 1 3 5 $85,266 $58,450 $54,790 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.8M SF
Data as of Q1 ‘24 16 GRANDVIEW
Population Employees Median HH Income 20,085 157,343 347,531 1 3 5 22,299 225,265 337,351 1 3 5 $70,911 $60,152 $60,355 1 3 5 COLUMBUSRETAILTEAM
CITY Total Market Size: 3M SF
Data as of Q1 ‘24 17
Population Employees Median HH Income 9,614 59,127 154,575 1 3 5 3,766 26,365 50,173 1 3 5 $63,215 $76,993 $65,450 1 3 5 COLUMBUSRETAILTEAM
GROVE
Total Market Size: 1M SF
Data as of Q1 ‘24 18 HAMILTON
QUARTER
Population Employees Median HH Income 11,349 75,724 172,460 1 3 5 4,490 32,413 90,997 1 3 5 $85,854 $94,416 $89,035 1 3 5 COLUMBUSRETAILTEAM
Data as of Q1 ‘24 19 HILLIARD Total Market Size:
SF Population Employees Median HH Income 9,009 91,545 189,305 1 3 5 8,903 38,015 120,330 1 3 5 $83,556 $93,630 $91,651 1 3 5 COLUMBUSRETAILTEAM
4.7M
Total Market Size: 5M SF
Data as of Q1 ‘24 20 LANCASTER
Population Employees Median HH Income 13,613 41,361 52,119 1 3 5 6,437 19,121 24,250 1 3 5 $50,097 $54,875 $59,717 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.8M SF
Data as of Q1 ‘24 21
LEWIS CENTER
Population Employees Median HH Income 3,532 32,057 103,733 1,251 12,390 51,055 $157,226 $151,508 $127,420 COLUMBUSRETAILTEAM
LINCOLN VILLAGE
Total Market Size: 492K SF
Data as of Q1 ‘24 22 Population Employees Median HH Income 12,490 99,879 218,189 1 3 5 6,603 41,034 88,012 1 3 5 $53,641 $60,725 $66,971 1 3 5
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Total Market Size: 3.9M SF
Data as of Q1 ‘24 23
MARION
Population Employees Median HH Income 13,015 40,969 48,897 5,094 20,633 23,989 $37,902 $44,387 $47,474 COLUMBUSRETAILTEAM
Total Market Size: 2M SF
Data as of Q1 ‘24 24
MARYSVILLE
Population Employees Median HH Income 7,029 28,150 32,748 1 3 5 6,238 15,133 17,934 1 3 5 $68,562 $88,638 $89,420 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 5.4M SF
Data as of Q1 ‘24 25 NEWARK
Population Employees Median HH Income 10,936 49,404 69,992 7,089 23,997 33,937 $36,764 $53,685 $59,334 COLUMBUSRETAILTEAM
Total Market Size: 547K SF
Data as of Q1 ‘24 26
NEW ALBANY
Population Employees Median HH Income 3,494 41,790 91,629 1 3 5 6,238 20,921 38,348 1 3 5 $195,063 $110,395 $101,611 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.8M SF
Data as of Q1 ‘24 27 OBETZ
Population Employees Median HH Income 4,125 38,015 114,043 2,427 18,789 52,880 $65,453 $62,362 $53,134
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OHIO STATE CAMPUS
Total Market Size: 1.1M SF
Data as of Q1 ‘24 28
Population Employees Median HH Income 8,828 159,300 356,932 1 3 5 13,391 148,178 351,426 1 3 5 $42,653 $70,287 $60,978 1 3 5 COLUMBUSRETAILTEAM
Data as of Q1 ‘24 Population Employees Median HH Income 5,757 20,095 39,806 1,709 5,176 10,658 $72,293 $90,330 $97,379 COLUMBUSRETAILTEAM
Total Market Size: 1.7M SF
Data as of Q1 ‘24 30
Population Employees Median HH Income 9,908 44,365 109,081 1 3 5 1,802 11,108 32,971 1 3 5 $100,065 $108,964 $85,203 1 3 5 COLUMBUSRETAILTEAM
PICKERINGTON
Total Market Size: 5.9M SF
Data as of Q1 ‘24 31 POLARIS
Population Employees Median HH Income 11,775 83,099 217,512 1 3 5 20,684 70,272 132,281 1 3 5 $87,709 $95,454 $94,118 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 1.9M SF
Data as of Q1 ‘24 32 POWELL
Population Employees Median HH Income 8,567 56,417 169,257 1 3 5 3,556 17,102 95,183 1 3 5 $157,229 $139,029 $117,675 1 3 5 COLUMBUSRETAILTEAM
REYNOLDSBURG
Total Market Size: 4M SF
Data as of Q1 ‘24 33
Population Employees Median HH Income 13,393 97,695 220,113 3,594 44,598 84,029 $58,378 $68,776 $66,436 COLUMBUSRETAILTEAM
NORTH Total Market Size: 1.4M SF
Data as of Q1 ‘24
Population Employees Median HH Income 48,024 174,659 378,475 1 3 5 64,572 235,758 345,792 1 3 5 $34,641 $56,992 $57,438 1 3 5 COLUMBUSRETAILTEAM
SHORT
SOUTH
HIGH ST Total Market Size: 1.4M SF
Data as of Q1 ‘24 35
Population Employees Median HH Income 6,169 44,493 167,420 1 3 5 3,040 23,350 137,794 1 3 5 $45,649 $58,284 $59,242 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 916K SF
Data as of Q1 ‘24 36
SUNBURY
Population Employees Median HH Income 5,091 10,797 22,998 1 3 5 1,690 4,070 7,416 1 3 5 $89,844 $100,448 $112,445 1 3 5 COLUMBUSRETAILTEAM
Data as of Q1 ‘24 37 UPPER ARLINGTON Population Employees Median HH Income 11,320 98,250 320,376 1 3 5 4,126 67,987 244,231 1 3 5 $118,696 $84,715 $74,499 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 3.2M SF
Data as of Q1 ‘24 38
Population Employees Median HH Income 9,989 90,214 238,014 1 3 5 7,586 58,460 135,342 1 3 5 $90,642 $87,161 $80,900 1 3 5 COLUMBUSRETAILTEAM
WESTERVILLE
Data as of Q1 ‘24 39 WHITEHALL Population Employees Median HH Income 15,294 98,232 264,880 6,845 49,403 124,983 $50,898 $52,013 $54,002
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Data as of Q1 ‘24 40 WORTHINGTON
Population Employees Median HH Income 9,578 106,707 321,073 1 3 5 5,319 63,426 182,743 1 3 5 $112,218 $74,514 $73,337 1 3 5 COLUMBUSRETAILTEAM
Total Market Size: 2.2M SF
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