yardi.com recently completed its latest study, about high-rise apartment constructions skyrocketing in shares and taking the spotlight for the first time in 30 years. Steady, but surely, Columbus is following the national trend.
- 27 new mid-rise apartment buildings have entered the apartment market in Columbus over the past decade, a significant increase from 20 years prior when there were only 4 mid-rise constructions;
- The number of average floors developers are adding to their construction projects went up from 2 to 5 over the last 30 years;
- Thanks to the 69 units added since its renovation in 2017, LeVeque is now the highest residential skyscraper in Columbus with no fewer than 47 floors;
- The once-popular low-rise apartment building, considered a norm between 1990 and 1999, started to decrease in popularity, going from a share of 98% back then to only 69% by 2010-2018.
You can check the whole RENTCafé analysis here: