Investors from other states are “literally buying into” Columbus, a sign of the city’s “sound economy,” The Columbus Dispatch reports. Several recent “major acquisitions of commercial office space by out-of-state investors” have reinforced that reputation, according to the article. New York-based real-estate investment Group RMC Corp. “bought a group of nine Dublin office buildings” for $77 million, while another New York company, DRA Advisors LLC, purchased “a collection of 12 warehouse/industrial buildings in the Columbus area” for “a combined $113.7 million.” Kansas City developer VanTrust Real Estate opened a $15-million distribution center in the Rickenbacker area “‘on spec’ — without signed tenants at the time construction started.” Brokerage Marcus & Millichap predicted in a recent report that the Columbus office market would have a “second consecutive year of strong rent gains,” calling the city “one of the top performing Midwest markets.” For more, read the full article.
Interest from outside investors a sign of strong Columbus economy
