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Growing columbus 2019
1. Growing Columbus
the real estate impact of the
technology industry
Part two in a series by
JLL Columbus Research
2019
2. Growing Columbus: Part Two | 2019
A B
In this Report... 02
12
20
26
30
Columbus Technology Scene
Real Estate Impact
Labor Overview
Workplace Strategies
Why Columbus
3. 3
Growing Columbus: Part Two | 2019
2
technology scene
The Columbus
Columbus’ rising tech industry is gaining national attention. Computer occupations
have increased by 38.0 percent in the past 10 years as both new and existing technology
companies expand within the Columbus region.
20,000
22,000
24,000
26,000
28,000
30,000
32,000
34,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
#OFOCCUPATIONS
Computer Occupation Jobs
Scaling Columbus companies like Nexosis, CoverMyMeds, and Pillar are experiencing
merger and acquisition activity at a rapid rate.
Source: Franklin University
RANKED #1 CITY
TOP METRO
TOP U.S. CITY
FOR TECH WORKERS (SMART ASSET)
FOR IT STAFFING POTENTIAL (KLG ADVISORS)
FOR ENTREPRENEURS AND STARTUPS
(BUSINESS.ORG)
Computer Occupation Jobs
4. Growing Columbus: Part Two | 2019
4 5
Enterprise software accounts for the largest share of the 100 technology companies that JLL
Research tracked across the region. This subsector creates a computer software for businesses
that integrates activities like accounting, billing, order processing, security systems, and other
computer-based concerns under one system.
Technology firms are scattered across the Columbus region. Early stage and emerging
companies are flocking to downtown and its surrounding neighborhoods as many
concentrate on attracting young, top talent. The majority of established firms are located in
suburban submarkets like Dublin, Worthington, and Polaris.
2424++2929++4747E2424++2929++4747E100 Tech
Companies by
Growth Stage
EARLY STAGE
(24%)
EMERGING
(29%)
ESTABLISHED
(47%)
3333+17+17++1010++99++88++55++44++44++44++22++22++22E3333+17+17++1010++99++88++55++44++44++44++22++22++22E100 Tech
Companies by
Subsector
ENTERPRISE SOFTWARE
(33%)
SOFTWARE PROGRAMMING
APPLICATIONS (9%)
HEALTHCARE IT (HIT)
(17%)
VENTURE CAPITAL /
INCUBATOR (9%)
IT CONSULTING /
INFORMATION TECH (10%)
MACHINE LEARNING
/ AL (5%)
IT SECURITY /
CYBERSECURITY (4%)
INSURANCE SOFTWARE
(3%)
TELECOMMUNICATIONS
/ POWER (4%)
EDUCATION IT
(3%)
MARKETING / MEDIA
(4%)
FINANCIAL
TECHNOLOGY (3%)
270 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
70 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols71 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
EASTON
GRANDVIEW
DUBLIN
WESTERVILLE
UPPER
ARLINGTON
COLUMBUS
COLUMBUSFRANKLINTON FRANKLINTON
270 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
70 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols71 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
EASTON
GRANDVIEW
DUBLIN
WESTERVILLE
UPPER
ARLINGTON
FRANKLINTON COLUMBUS
WORTHINGTONWORTHINGTON
NEW ALBANY
SHORT
NORTH
SHORT
NORTH
NEW ALBANY
POLARIS POLARIS
5. Growing Columbus: Part Two | 2019
6 7
$0
$100
$200
$300
$400
$500
$600
2014 2015 2016 2017 2018 2019
Millions
VC money raised by Columbus MSA startups
Both local and national capital sources are taking notice of Columbus.
The Ohio State University, corporate funds from Nationwide Insurance and
JPMorgan Chase, as well as a number of venture capital firms, are helping local
startups and technology firms scale with both capital and business guidance.
Since 2014, Columbus startups have raised over $1.5 billion of venture capital.
Scaling Columbus companies are receiving a substantial amount of capital from
venture capital firms seeking secondary market access.
VC Money Raised by Columbus MSA Startups
Over $1.0 billion
raised in the last
two years
6. Growing Columbus: Part Two | 2019
8 9
Columbus technology startups are beginning to receive funding rounds from out-
of-market investors that are considered major players in the technology investment
scene. In 2019, four local firms received funding rounds of $10M or more from such
firms, totaling nearly $450 million.
$350M
SERIES E
Coatue Management
(New York, New York)
DST Global
(Hong Kong, Hong Kong Island)ROOT INSURANCE
$55M
SERIES D
Georgian Partners
(Toronto, Ontario, Canada)
Kleiner Perkins
(Menlo Park, California)BEAM DENTAL
$23.8M
SERIES D
Ascension Ventures
(Clarkton, Missouri)
Oak HC/FT
(Greenwich, Connecticut)OLIVE
$10M
SERIES A
FirstMark
(New York, New York)
LOOP
7. Growing Columbus: Part Two | 2019
10 11
Coastal HITECH companies have set up significant regional hubs in Columbus at an
unprecedented rate over the past 24 months. With the increasing strains of market
dynamics on coastal companies, Columbus has proven to be a hotbed for regional
office expansion. Columbus’s access to talent and operational costs of talent and real
estate have provided a true Win-Win-Win for Venture Capitalists, Technology Startups
and Columbus.
According to BeyondHQ, more than 80.0 percent of a company’s expenditure is on
talent and real estate operating costs. Over one year, a technology firm operating a
25-employee office in Columbus can expect to save approximately $916,428.17
compared to San Francisco.
Within the past 24 months, Coastal HITECH companies have committed to or opened
Columbus hubs:
$3,277,908
$2,361,480
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
1 2 3 4 5 6 7 8 9 10 11 12
San Francisco Columbus
Columbus - San Francisco Talent and Operating Costs
130 JOBS
COMMITTED
HQ: San Francisco Bay Area
VEEVA
200 JOBS
COMMITTED
HQ: Newark, California
Nexient
257 JOBS
COMMITTED
HQ: San Francisco Bay Area
Upstart
200 JOBS
COMMITTED
HQ: New York, New York
Candid Co
270 JOBS
COMMITTED
HQ: Newport Beach, California
CHIPOTLE
500 JOBS
COMMITTED
HQ: San Francisco Bay Area
HIMSCOLUMBUS ASSUMPTIONS
25 EMPLOYEES
$91,603 AVERAGE SALARY
$20.40 BASE OFFICE RENT
140 SF SPACE PER EMPLOYEE
8. Growing Columbus: Part Two | 2019
12
Technology firms continue to expand their real estate presence and the
industry has accounted for the largest share of leasing activity since
2016 - half of which has been in new development.
13
23.123.1+23.0+23.0++9.69.6++9.09.0++8.48.4++6.86.8++6.16.1++14.114.1E23.123.1+23.0+23.0++9.69.6++9.09.0++8.48.4++6.86.8++6.16.1++14.114.1EIndustry Leasing
from 2016-2019
TECHNOLOGY
(23.1%)
PROFESSIONAL & BUSINESS SERVICES
(9.0%)
HEALTH
(23.0%)
REAL ESTATE
(8.4%)
FINANCE
(9.6%)
RETAIL
(6.8%)
CONSTRUCTION, MACHINERY &
MATERIALS (6.1%)
OTHER
(14.1%)
Real EstateImpact
9. Growing Columbus: Part Two | 2019
14
Of the 708,000 square feet leased in Easton by technology firms, Alliance Data’s BTS
campus and Root Insurance’s call center account for 90.0 percent. Downtown Columbus
has accounted for 405,000 square feet of leasing activity in the past four years. This
includes over 20 technology tenants at various footprints who are being attracted to new
development and creative space near the city’s core.
708,809
405,362
170,916
96,313
50,556
38,140 34,314
74,435
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Easton CBD Dublin Worthington Grandview /
Arlington
Polaris New Albany Other
Total SF Leased by Submarket for Technology Companies (2016-2019)
15
0 100k 200k 300k 400k 500k 600k 700k 800k 900k
Energy & Utilities
Logistics & Distribution
Nonprofit
Real Estate
Finance
Professional/Business Services
Coworking
Consumer Products
Technology
Total SF Leased by Industry in New Development (2016-2019)Total SF Leased by Industry in New Development (2016-2019)
The technology sector accounts for
nearly 800,000 square feet of real estate
activity in new product since 2016, which
equates to just under 50.0 percent of all
leasing in new development.
10. Growing Columbus: Part Two | 2019
16
270 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
70 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols71 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
EASTON
GRANDVIEW
DUBLIN
POLARIS
UPPER
ARLINGTON
1
5
2
6
3
7
9
4
8
10
COLUMBUS
SHORT
NORTH
FRANKLINTON
NEW
ALBANYWORTHINGTON
WESTERVILLE
17
Recent Real Estate Activity from Tech Employers
Company Total SF Recent Activity
CoverMyMeds 480,000
BTS under construction in emerging
downtown submarket Franklinton;
recently leased 50,000 SF on Capitol
Square
Root
Insurance
182,000
Expanded into a new speculative,
mixed-use building downtown and
set up a call center in Easton
Candid Care 34,000
Leased the remaining space at the
recently renovated Dispatch Tower
Bold Penguin 12,000
Expanded into the Chase Tower on
Capitol Square
Beam
Technologies
30,000
Leased space in the Warehouse
District, an area set to see a wave of
new investment
Pillar 30,000
Recently acquired by Accenture, Pillar
expanded into a new building in the
Short North
ScriptDrop 22,000
Expanded into Grandview on a
densely developed, amenity-rich
street
Upstart 27,250
Recently located in a new building
in the Short North with plans for the
Columbus office to grow larger than
its San Francisco-area HQ
Updox 28,000
Located in a new speculative building
at Bridge Park in Dublin
Alliance Data 560,000
Recently completed three buildings
for a new corporate campus in Easton
1
5
2
6
3
7
9
4
8
10
11. Growing Columbus: Part Two | 2019
18
270 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
70 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols71 33
Interstate
(StepMap: Express Highway)
State Highway
(StepMap: Federal Highway)
Highway Symbols
EASTON
GRANDVIEW
DUBLIN
POLARIS
UPPER
ARLINGTON
Technology companies have accounted for the largest share of real estate activity in
new development, and developers in the Columbus region are responding with a wave
of new, mixed-use, amenity-rich development as a result. With Class A vacancy
in downtown at a historical low of 7.0 percent, in addition to rapid leasing in new
product, developers are jumping at the opportunity to build quality office space as the
technology sector continues to grow.
1
15
6
3 4
18
17
19
2 5
7
9
11
8
10
16
Planned Under Construction Recently Completed
14 COLUMBUS
NEW
ALBANYWORTHINGTON
WESTERVILLE
19
Grandview Crossing Budd Dairy
Gravity Jeffrey Park
Gravity 2.0 555 Neil Avenue
Scioto Peninsula White Castle Spec
80 on the Commons Arlington Gateway
North Market Tower Bridge Park District
711 N High St Pointe at Polaris
900 N High St Pointe at Polaris II
Mercantile Easton Urban District
The Castle
1
2
3
4
5
6
7
8
9
10
11
12
12
13
13
14
15
17
18
19
16
OFFICE MULTIFAMILY
RETAIL/
RESTAURANT
3.8 million
SQUARE FEET
5,950
UNITS
2.0 million
SQUARE FEET
SHORT NORTH
Arguably the most popular retail and restaurant
strip in the region, the Short North is emerging as
a hot spot for new office product. By year-end
2019, over 200,000 square feet will have been
added over the last two years.
BRIDGE PARK
This massive, mixed-use district is 100 percent
occupied with at least 200,000 square feet of
more office product in the pipeline. Bridge park
is a model of success for suburban communities
concentratedondensifying new development.
EASTON
While Easton is a regional shopping destination,
the area is also a popular location for office
tenants due to its surrounding amenities. The
submarket is adding over 200,000 square feet of
office product as part of its $500 million mixed-
use expansion.
FRANKLINTON
Just over 50,000 square feet of new office
product recently delivered, and substantial plans
call for one of the largest developments in the
city’s history along the Scioto Peninsula adjacent
to the CBD – project could include roughly 2.0
million square feet of office space.
12. Growing Columbus: Part Two | 2019
20
The key to the rising technology scene in Columbus? Top talent. Columbus offers affordable
labor costs for IT occupations as compared to other tech hubs. With over 40,000 Columbus
residents working in technology occupations, the average labor cost is $44.04 per hour –
putting Columbus on the map for top talent at the right price.
Metro Area Jobs Average Hourly Rate
Nashville 25,422 $37.33
Indianapolis 29,936 $37.46
Pittsburgh 35,894 $38.16
Orlando 32,135 $38.41
Detroit 65,168 $39.99
Chicago 136,500 $42.44
Austin 59,203 $43.56
Raleigh 31,969 $43.77
Columbus 42,074 $44.04
Washington, D.C 221,683 $51.91
Seattle 134,993 $54.23
San Francisco 138,373 $57.32
Labor Costs for IT Occupations
21
Labor Overview
Occupation Jobs
YOY Job
Growth
Average
Hourly Rate
YOY Rate
Growth
Computer User Support Specialists 4,687 632 $25.12 $0.73
Web Developers 829 152 $31.53 $0.50
Computer Network Support Specialists 2,074 - 259 $36.30 $1.96
Computer Programmers 1,361 - 285 $36.58 $0.85
Network and Computer
Systems Administrators
3,174 - 112 $39.45 $1.16
Electrical Engineers 1,176 79 $38.57 - $2.22
Operations Research Analysts 997 - 28 $41.58 $0.71
Database and Systems Administrators
and Network Architects
6,502 337 $43.75 $1.62
Information Security Analysts 1,029 - 90 $48.86 $6.24
Database Administrators 1,249 53 $44.88 $1.65
Statisticians 299 84 $44.81 $0.54
Computer Systems Analysts 8,929 - 339 $47.37 $2.84
Actuaries 450 71 $46.44 - $0.80
Computer Network Architects 2,079 396 $49.61 $0.75
Software Developers, Systems Software 1,488 - 298 $46.46 - $3.04
Software Developers, Applications 11,353 222 $52.11 $0.89
Computer and Information
Systems Managers
3,926 324 $71.25 - $0.34
Technology Occupations Employment and Wages (Columbus MSA)
Source: One Columbus
Source: One Columbus
13. Growing Columbus: Part Two | 2019
718
TOTAL FTE
$1.1 Billion
Notable Tech Employers in the Columbus Region
Company FTE
JPMorgan Chase & Company 20,316
Nationwide 12,862
Alliance Data 4,396
Battelle 1,636
Verizon Communications, Inc. 1,300
ACQUIRED BY MCKESSON
400,000 SF
HQ UNDER CONSTRUCTION
IN FRANKLINTON
Company FTE
AT&T Corp. 1,000
Fiserv, Inc. 1,000
IBM 857
CenturyLink, Inc. 811
OCLC 781
600
TOTAL FTE
$3.6 Billion
VALUATION
112,000 SF
AT NEW BUILDING ON
CAPITOL SQUAREROOT INSURANCE
COVERMYMEDS
OCCUPYING
Rapidly Growing Tech Firms
22
Company FTE
Accenture LLP 750
CoverMyMeds 718
Root Insurance 600
Information Control Company 557
TEKsystems, Inc. 400
Company FTE
IBM IX 280
PCM 250
Beam Dental 200
Pillar Technology Company 193
Infor, Inc. 150
200
TOTAL FTE
$88.4 Million
RECENT FUNDING
30,000 SF
BEAM DENTAL
200
TOTAL FTE
$80.0 Million
RECENT FUNDING
34,000 SF
AT RECENTLY RENOVATED COLUMBUS
DISPATCH TOWER DOWNTOWN
CANDID CO
OCCUPYING
OCCUPYING
IN THE WAREHOUSE
DISTRICT
Source: One Columbus
14. Growing Columbus: Part Two | 2019
It’s no secret that technology firms are competing for top young talent. The Columbus region is
the top destination in the Midwest for millennial migration from 2012 through 2018 with an
annual net migration of 4,682 millennials. Not to mention, the Columbus region has the largest
share of college students in the Midwest. On average, 46.0 percent of students of The Ohio
State University remain in Columbus following graduation. This tops comparable markets like
Austin (41.0 percent, University of Texas) and Raleigh (36.0 percent, University of North Carolina).
52
COLLEGE AND
UNIVERSITY
CAMPUS LOCATIONS
142,000
UNDERGRADUATE
AND GRADUATE
STUDENTS
24
64,000
STUDENTS,
INCLUDING
6,000
INTERNATIONAL
STUDENTS
#2
AMONG ALL
UNIVERSITIES
IN INDUSTRY-
SPONSORED
RESEARCH
PROGRAMS
TOP 20
PUBLIC
UNIVERSITY IN
THE NATION
(U.S. NEWS
& WORLD
REPORT)
25
15. Growing Columbus: Part Two | 2019
26 27
It’s typically an arduous process for a company to get to the point of needing office
space. From there, growth projections are usually volatile with the time between
viability and requiring space being just three to four months. If you’re a growing
company, it’s important to ask the right questions when planning for an office space:
HOW? WHAT? WHERE?
How do I know if my company
is ready for our own office?
How do I align my occupancy
plan with our business
strategy? How long can I
expect this process to take?
How do I know I have a real
estate partner I can trust?
What should I be considering
as I forecast for future growth?
What amenities are important
to the workforce I desire?
What real estate process
best positions us to be an
educated buyer or tenant and
maximize our leverage in the
market? What expenses do I
need to be considering? Are
there alternative solutions?
Where is everyone located
(talent, competition,
investors, customers)? Where
do I start…?
WorkplaceStrategies
1 - 10 employees
Cowork/Executive Suites
(shared offices)
25 - 150 employees
Direct Lease
• Flexible lease terms
(month-to-month up to 1 year term)
• Expensive rates
• Less start-up costs
• Furniture, infrastructure available
• Short lease documentation
• Seed funding
• Less flexible lease terms (3 - 10 years)
• Financial security obligation
• More sophisticated negotiation with landlord
• Engaging of architect and general contractor
• More elaborate legal review and documentation
• Permitting and construction for
tenant improvements
• Series A, B and later stages of funding /
stabilized growth projections / M&A
10 - 50 employees
Sublease, “Plug & Play” Direct Lease
100 - 1,000+ employees
Direct Lease, Building Purchase
or Build-to-Suit (BTS)
• More flexible lease terms (1 - 3 year term)
• Less expensive facility costs
• Start-up costs still needed
• Furniture may/may not be available
• Attorney costs for review of master
lease/sublease documents
• Series A–B funding
• 10 year view of your company
• Estate planning
• Long term lease with an option
to purchase
• Strong financial position of company
• Late-stage company / M&A
Emerging company
What stage are you in?
16. Growing Columbus: Part Two | 2019
Fully assigned open plan
workstations and support space
150 - 250 SF/person
Mix of unassigned and assigned
workstations and support space
100 - 150 SF/person
Fully unassigned workstations
and support space
100 SF/person
ACTIVITY BASED OPEN PLAN HYBRID MOBILITY FULL MOBILITY
Most typical for tech companiesMost typical for Columbus market
NOTE: Although companies are reducing the square feet “SF” / person ratio in their workplace strategies, the market still has a major
say in SF requirements of a tenant. The average suburban office building has a (no cost) parking ratio of 4.0 parking spaces / 1,000 SF
leased. Or 1 parking space for every 250 SF leased. At the 150 SF / person ratio, that is desired by most tech companies, the parking
ratio desired equals 6.67/1,000 SF. A very limited supply of offices offer a 6.0+/1,000 SF parking ratio thus most Columbus tech
companies are closer to 200-250 SF/person or elect a CBD or Short North location where additional parking options exist
(on-street, off-site surface) as well as other transit options (bus, walk, bike, ride share programs).
How much space will you need?
28 29
How does space correlate to rent?
Cost at $20 per sf full-service gross (FSG)* for 25 employees
ACTIVITY BASED OPEN PLAN
Space per person 250 SF
Office space 6,250 SF
Cost per year $125,000
Cost per month $10,416.67
HYBRID MOBILITY
Space per person 150 SF
Office space 3,750 SF
Cost per year $75,000
Cost per month $6,250
FULL MOBILITY
Space per person 100 SF
Office space 2,500 SF
Cost per year $50,000
Cost per month $4,166
17. Growing Columbus: Part Two | 2019
30
The Columbus region
boasts a young, growing
population and dynamic
workforce with money
to spend
ColumbusWhy
31
Population change: 9%
(2010-2018)
2.1
MILLION RESIDENTS
Top 10 metro
for millennial
concentration,
ages 25-34
35.2
MEDIAN AGE
821,4181.1
MILLION WORKFORCE
CONTRIBUTORS
HOUSEHOLDS
Private sector job
growth: 18.3%
(2010-2018)
$80,640 average
household income
18. Growing Columbus: Part Two | 2019
32 33
#1 among the Midwest’s 10 largest metros for population growth, job growth, and GDP growth
Fastest-Growing Metro in the Midwest
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1960 1970 1980 1990 2000 2010 2020 2030 2040 2050
Columbus MSA Population
The city of Columbus is the 14th largest city in the United
States and the Region is now the fastest growing metro in the
Midwest with another 500,000 residents expected by 2050.
16.8%
INDIANAPOLIS
16.1%
LOUISVILLE
5.0%
PITTSBURGH
13.2%
U.S. AVERAGE
800,000
850,000
900,000
950,000
1,000,000
1,050,000
1,100,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Columbus Non-Farm Employment
Job growth since 2010 is 18.3%, outpacing the national
average and other comparable markets.
19. Growing Columbus: Part Two | 2019
Leisure and Hospitality, 10%
Professional and Business
Services, 18%
Government, 16%
Education and Health, 15%
Retail Trade, 10%
Manufacturing, 8%
Financial Activities, 7%
Transportation and Utilities, 5%
Wholesale Trade, 4%
Construction and Mining, 3%
Other Services, 4%
The Columbus economy is diverse, dynamic, and one of the fastest growing in the U.S.
Diversified Economy
No industry accounts for more than 18%
of employment.
Many Midwestern cities have suffered from significant
job losses due to U.S. deindustrialization, but the
Columbus economy continues to thrive as it relies
on multiple industries including steady sectors like
education, healthcare, and government.
Employment by Sector
34
A booming healthcare industry that features Cardinal
Health, OhioHealth, and Nationwide Children’s, in
addition to a wealth of related startups receiving an
unprecedented amount of venture capital, is leading
the charge for overall industry growth.
The growth of e-commerce, paired with the region’s
access to 46 percent of the U.S. population within a
10-hour drive, is resulting in an influx of new logistics
operations that also include a significant office
presence in both the CBD and suburban submarkets.
-20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0%
Manufacturing
FinancialActivities
Government
OtherServices
Leisure&Hospitality
Professional&BusinessServices
Information
Transportation& Utilities
Educational &HealthServices
Job Growth (10-Year)
Educational & Health Services
Transportation & Utilities
Information
Professional & Business Services
Leisure & Hospitality
Other Services
Government
Financial Activities
Manufacturing
0.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0%
39.5%
19.4%
18.4%
18.4%
12.4%
7.6%
2.0%
-2.8%
-10.6%
35
20. Growing Columbus: Part Two | 2019
The region is home to numerous HQs across a variety of industries
Robust Corporate Base Continues to Add Employees
14 Fortune 1000 HQ locations, 5 Fortune 500
Significant operations (3,000+ employees)
36
Columbus remains affordable as population and job growth rise, residents continue to earn more
Opportunity with Affordability
Cost of Living Index
86 88 90 92 94 96 98 100
Columbus
Louisville
St. Louis
Detroit
Phoenix
Austin
Charlotte
Pittsburgh
Atlanta
U.S. = 100 The cost of living in the Columbus region is 10 percent more
affordable than the U.S. average.
RANKED AMONG
THE MOST
AFFORDABLE
U.S. CITIES
(MINT)
#2 CITY FOR
BEST RETURN
ON YOUR SALARY
(BENEFITSPRO)
“BEST IN THE
MIDWEST”
FOR BIG CITIES BASED
ON AFFORDABILITY AND
OPPORTUNITY
(MONEY MAGAZINE)
The City of Columbus…
37