Columbus, Ohio has grown into one of the nation’s top real estate markets for logistics and commerce. From its centralized location to a strong infrastructure network, many factors combine to give businesses based in this region a unique advantage. For warehousing and logistics operations like Hyperlogistics, these ideal conditions mean we can provide our customers with the most efficient services at a highly competitive rate.

Here are just a few of the reasons why Columbus, Ohio is a top real estate market for logistics and other key industries.

Strategic Location

Commercial lender Janover placed Columbus at number one on its list of the top ten markets to buy industrial real estate in 2023. Here’s what they had to say about commercial space in Ohio’s capital city:

“Columbus has been thriving since at least 2020, when space for e-commerce tenants picked up in demand. The market, positioned within a day’s drive of two-thirds of the nation’s population, reported a historically tight vacancy rate of 1.7% this past November.”

Because it is located near the center of the United States, Columbus is in an ideal location for companies that need to distribute products throughout the country. This makes it an attractive location for companies that need to reach customers quickly and efficiently. With industrial real estate in the area in such high demand, established companies are uniquely positioned to make the most of the city’s geographical advantage.

Transportation Infrastructure

Columbus has strong transportation infrastructure, with easy access to major highways, rail lines, and airports. The city is served by two major interstates, I-70 and I-71, which provide easy access to other major cities in the Midwest and beyond. Additionally, the city is home to Rickenbacker International Airport, an international hub for air cargo and logistics.

Located in the Rickenbacker Global Logistics Park, Hyperlogistics is tapped in to one of the top cargo-focused airports in the world. This allows us to provide our customers with unmatched efficiency and quicker speed to market for freight travelling to and from global destinations.

Business-Friendly Environment

Columbus has a business-friendly environment, with a low cost of living, low tax rates, and a streamlined regulatory environment. The city has also made significant investments in infrastructure and economic development, which has helped to attract new businesses to the area.

In CNBC’s 2021 ranking of the top states for business, Ohio came in at number two for the lowest cost of doing business. This translates to huge savings for logistics customers both in and out of the state.

Diverse Economy

Columbus has a diverse economy, with a mix of industries including finance, healthcare, technology, and logistics. This diversification has helped the city to weather economic downturns and has created a stable and growing business environment.

From the City of Columbus 2020 factbook:

“The Columbus Region has a diversified economy where no single major industry represents more than 18 percent of employment. Finance and insurance, advanced manufacturing, health, logistics and other industries are complemented by the presence of The Ohio State University and the state capital.”

This rich investment in the region by a wide variety of industries make the area business landscape extremely stable. As NPR put it, Columbus has become a nearly recession-proof hub.

Growing Population

Columbus has experienced significant population growth in recent years, creating a strong demand for industrial real estate needed for logistics operations. According to data from the 2020 census, the city has added over 200,000 new residents since 2010, and this growth is expected to continue in the coming years.

The Columbus metro area’s rise in other factors such as number of workers, household income and home values significantly outpaced all other parts of Ohio from 2000-2020, according to a report from the Greater Ohio Policy Center. Chip manufacturer Intel is expected to invest up to $100 billion in central Ohio, cementing the area’s status as a hub of business and commerce.

As companies continue to seek out new markets for their operations, Columbus is likely to remain a top choice for industrial real estate investment. If you are seeking logistics services from an experienced team in this booming market, trust the professionals at Hyperlogistics Group. Contact us today to learn more.