“While fundamentals have been fairly stable, investment activity is subdued,” says Michael Glass, (middle left photo) regional manager of the Columbus office of Marcus & Millichap.
Following are some of the most significant aspects of the Columbus Retail Research Report:
· Employers in Columbus are forecast to cut 19,000 workers this year, a 2 percent decrease. In 2008, 13,400 positions were eliminated in the market. The projected decline in employment will put pressure on incomes and contribute to a drop in retail spending of approximately 5 percent.
For a copy of the complete Columbus Retail Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.