A strong economy, acclaimed educational institutions, numerous historic landmarks and many exquisite parks are some of the reasons for the solid rental market of Columbus, Ohio.
The state's capital has been known in recent years as a diverse place for renters to settle down in, due to its prospering industries that continue to grow the city's economy and its several features and attractions.
Additionally, a hip nightlife scene, interesting festivals and fairs and a number of unique museums also contribute to the rising population in Columbus. The city even hosts some Hollywood productions from time to time, including the Oscar-winning "Traffic," making Columbus even more popular among residents.
Ohio State University is one of the country's most revered schools, and it just so happens to reside in the Discovery City. Residents of Columbus love to cheer on their Buckeyes, as well as other local sports teams, including the NHL's Blue Jackets and the nearby Cavs and Indians of the NBA and MLB.
Property Management Companies Can Greatly Assist Columbus Property Owners
A bevy of property management companies operate in and around Columbus, thus providing owners of single-family and multifamily rental properties a vast selection to choose from when looking for the right firm to represent them.
Hiring a property manager to deal with tenant applications, interviews and concerns, as well as maintain your properties and ensure all other business-related tasks are handled properly, can be of considerable help.
Columbus Rental Market at a Glance
2011 Vacancy Rate Forecast: 8.3 percent
2011 Asking Rent Forecast: 1.8 percent increase to $675 per month
2011 Effective Rent Forecast: 2.4 percent increase to $636 per month
Statistics courtesy of Marcus & Millichap Real Estate Investment Services.
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