State of Downtown Columbus
Year-End 2024

Capital Crossroads & Discovery Special Improvement Districts are pleased to release their annual State of Downtown Report. This comprehensive report looks at data and research across various sectors including major investments, housing and residents, office and employment, education, healthcare and transportation. All data is through December 31, 2024.

Downtown continues its growth trends in several sectors, most notably in the Housing & Residents sector. Among the highlights:

• 13 projects totaling $174 million of public and private investments were completed in 2024.
• $1 billion is under construction with $2.3 billion of proposed projects in the pipeline.
• Downtown’s residential population grew to 12,500.
• The number of employees downtown grew to 92,327.
  
  

Key Takeaways

• The downtown population continues to increase, and with 1,475 units under construction, it shows no signs of slowing down.
• Apartment occupancy remains high at 94.5%, allowing downtown apartments to command higher rents.
• The downtown office market held somewhat steady last year while peer cities saw an increase in their vacancy rates over the previous year. 
• The downtown office market held somewhat steady last year, while peer cities saw an increase in their vacancy rates over the previous year.   
• Downtown hospitality continued its upward trajectory as hotel occupancy increased to 58.1% up from 54.3% in 2023.
• Downtown saw one million more visits over the previous year for a total of 28.6 million visits.
  
  

View the full report here

or questions, or to request a hard copy, contact Marc Conte, Executive Director of Capital Crossroads and Discovery Special Improvement Districts, at mvconte@sidservices.com or (614) 591-4507.