LOCATION LOCATION LOCATION…It is mind-boggling how much money in being invested in Central Ohio by Big tech including, but not limited to, Intel, Amazon Web Services, Google and Facebook. State tax incentives have been granted and act as a catalyst, however one must also factor in the combination of relatively inexpensive land, accommodating local governments, centralization in the telecom network, lots of electrical power, and a long history of an IT oriented culture.
There are currently 14 providers and 29 data centers in Ohio. This includes 25 colocation facilities, 20 cloud nodes, 3 Internet exchanges (IX), and 16 disaster recovery and business continuity (DRBC) sites. 9 data centers have been developed in Central Ohio including Columbus and suburbs of Dublin, New Albany, Johnstown, Lewis Center, Upper Arlington and another one is underway at the corner of Rathamel and South High Street in Columbus near Caesars Eldorado Scioto Downs Casino in southern Franklin County. No one truly knows how many millions of servers will be in operation or how many yottabytes of bandwidth will be installed to connect them to the rest of the world.
Intel’s largest fabrication complex is now under construction in New Albany and will employ 3,000 people at an average salary of $135,000 each. Amazon appears to be considering a massive technology complex that could contain more than 30 buildings on the 400 acres it just purchased near the Intel site in Licking County. While datacenters are not known to employ oodles of people, fabrication centers will employ thousands.
Central Ohio continues to lead growth in the housing market throughout the state, and as values continue to increase, savvy For Sale By Owner Sellers of Real Estate increasingly search for enhanced marketing solutions and prefer the Ohio Flat Fee MLS Listing Service Options offered by Ohio Broker Direct to enhance their marketing exposure. The use of this marketing strategy allows Sellers to maintain control of all aspects of access, marketing, negotiations, vetting and more while saving THOUSAND OF DOLLARS in commissions, ensuring a greatly enhanced return on investment. The growth of the technology industry in Central Ohio is a huge factor in the exponential growth of demand for housing throughout Central Ohio, which has been compounded with limited inventory, skyrocketing rents and more. Although interest rates continue to rise, an eclectic variety of lending products are available to aid those seeking to purchase rather than rent. The escalation of continued growth throughout Central Ohio is projected to last for decades.
Joan Elflein, Broker / Ohio Broker Direct
Ohio Broker Direct & its Brokers or Associates assumes no responsibility or liability for any errors or omissions in this blog, we advise all participants in buying or selling real estate to enlist the services of a Real Estate Attorney.