SlideShare a Scribd company logo
Office real estate implications
Sources: JLL Research, Bureau of Labor Statistics
Job growth/loss by sector (12-month change)
Columbus
-1,500
-1,000
-300
-100
700
2,200
2,500
2,800
4,400
5,500
-4,000 0 4,000 8,000 12,000
Government
Information
Financial Activities
Professional & Business Services
Manufacturing
Leisure & Hospitality
Mining and Logging
Other Services
Trade, Transportation & Utilities
Educational & Health Services
Number of Jobs
Cost containment remains key for most tenants in the Columbus market. Many
businesses continue to operate with a lean workforce. Real estate is generally
the second largest expenditure for companies after personnel costs, so
tenants are continuing to keep a close eye on their office space and look for
opportunities to consolidate or condense their operations as they manage
expenses. Columbus-based Huntington Bank’s recent announcement that it
would eliminate nearly 200 positions amid efforts to control rising personnel
costs is a common example of such cost containment strategies.
The government sector has long played an important role in the capitol city
and along with professional and business services, has historically accounted
for the largest portion of office-occupied space, reaching its highest peak in
2013 at just over 163,000 employees in December. The majority of
government entities are located in the CBD, and occupy more than four million
square feet of space, most of which is owner-occupied.
Office employment trends (12-month change)
Columbus
Office employment update
Metro Columbus . June 2015
• The Columbus metro continued its steady expansion by recently
adding 15,200 payrolls, year-over-year, bringing total non-farm
employment to 1.02 million. Meanwhile, unemployment fell 60 basis
points year-over-year to 3.8 percent.
• Office employment sectors contracted over the last year, recording
an annualized net loss of 2,900 jobs. Professional and business
services saw an annual net decrease of 100 jobs, faring best among
office-using supersectors. Meanwhile, the government supersector
posted the steepest decline, dropping 1,500 from payrolls, annually.
• Total U.S. nonfarm employment increased by 280,000 jobs in May
and upward revisions were made to previous months totaling 32,000
jobs. May's jobs report is welcome news and signals that growth is
back on track after a slow start to the year.
• U.S. unemployment increased 10 basis points to 5.5 percent as the
labor force participation rate ticked higher. Wages also showed
growth, recording an annualized increase of 2.3 percent, the highest
level in nearly two years. -10.0
-5.0
0.0
5.0
10.0
15.0
2011
2012
2013
2014
2015
Professional & Business Services Information Government Financial Activities
5.5%U.S. unemployment
2.2%U.S. 12-month job growth
3.8%Columbus unemployment
1.5%Columbus 12-month job growth
5.2%Ohio unemployment
1.4%Ohio 12-month job growth
Total jobs vs. Unemployment rate
Columbus
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
750,000
800,000
850,000
900,000
950,000
1,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Total Employment
Unemployment
Peak: 996,834 jobs
2.8%
JLL Americas Research • Columbus Office Employment Update 2
April 2013 April 2014 April 2015
Total Non-farm
Employment
986,600
2.6%
1,009,400
2.3%
1,024,600
1.5%
Unemployment Rate 6.0% 4.4% 3.8%
Columbus Supersectors April 2013 April 2014 April 2015
Mining, Logging & Construction 31,200 4.0% 33,800 8.3% 36,300 7.4%
Manufacturing 69,100 2.4% 69,500 0.6% 70,200 1.0%
Trade, Transportation, & Utilities 183,900 0.9% 187,400 1.9% 191,800 2.3%
Information 18,700 10.7% 18,100 -3.2% 17,100 -5.5%
Financial Activities 75,300 3.3% 75,100 -0.3% 74,800 -0.4%
Professional & Business Services 163,000 3.6% 173,300 6.3% 173,200 -0.1%
Educational & Health Services 141,400 1.6% 148,000 4.7% 153,500 3.7%
Leisure & Hospitality 98,700 6.5% 98,700 0.0% 100,900 2.2%
Other Services 38,200 4.1% 38,800 1.6% 41,600 7.2%
Government 167,100 0.5% 166,700 -0.2% 165,200 -0.9%
News on the street
Columbus businesses expanding, contracting, etc.
Aver Informatics Inc. Ι Computer Software: Expanding
Aver Informatics, a fast-growing software and data analytics firm, will move into the entire 14th floor of the Huntington Center skyscraper on Capitol Square this fall.
The technology company serving the health-care industry has shared space with investor Drive Capital LLC at 448 W. Nationwide Boulevard since coming to
Columbus last year. According to company officials, the firm expects to double its staff of 53 by the end of the year.
Capture Education Ι Education & Training Services: Expanding
Cloud-based software maker Capture Education has added 10 jobs since last summer and aims to hit its hiring pledge under a 2014 state loan in half the allotted
time. The New Albany company's subscription software helps school districts better track progress toward high school graduation and optimize course schedules. It
had 250,000 student users in 2014 and is on track for 850,000 in 13 states by year's end. The company does not release revenue figures.
Dynamit Technologies LLC Ι Information Technology Services: Expanding
In the year since moving into larger offices in the Arena District, fast-growing Dynamit Technologies LLC has had to take even more space. And at 80 people, the
software and mobile application developer has more than surpassed its jobs growth pledge in a 2013 city tax incentive, when it hoped to grow to 65 jobs from 35.
Dynamit is on pace to hire another 20 this year. Dynamit had $5.8 million in revenue in 2014 and is on pace to double that this year.
JPMorgan Chase & Co. Ι Banks & Credit Unions: Contracting
JPMorgan Chase & Co. (NYSE:JPM) is eliminating 5,000 jobs in an effort to trim costs and become more efficient as consumers shift to mobile banking. It remains
unclear how many cuts may come in Central Ohio, where JPMorgan is the region’s largest private employer with more than 20,000 workers. The move is said to
affect both consumer-banking operations as well as corporate and investment banking, asset management and commercial banking.
Mindset Digital LLC Ι Managed Application & Network Services: Expanding
Mindset Digital LLC will add 25 jobs, more than tripling its staff to 34, amid fast growth of its social media training seminars for Fortune 500 companies, higher
education and health-care organizations – such as showing doctors how to use LinkedIn to enhance their reputation. The Columbus company has grown fourfold
over the past year. Mindset Digital, which has offices in the Miranova 2 office tower, will need a larger office at a location to be determined.
Ventech Solutions Inc. Ι Information Technology Services: Expanding
Ventech Solutions Inc. will add three offices and nearly 200 jobs over the next year to staff up for a 10-year contract managing data for a health care quality initiative
for the federal Centers for Medicare and Medicaid Services. Ventech, which now has 125 employees in Columbus and at client sites, will add about 15 in Columbus
as a result of the contract and try to shift more here through the decade, according to company officials.
Employment statistics
Columbus
Industry employment stratification
Columbus
Cody Brooks
Research Analyst
Great Lakes Region
tel +1 513 297 2509
Cody.Brooks@am.jll.com
312 Walnut St,
Suite 3030
Cincinnati, OH 45202
www.jll.com/cincinnati
Andrew Batson
Senior Research Analyst
Great Lakes Region
tel +1 216 937 4374
Andrew.Batson@am.jll.com
127 Public Square,
Suite 2410
Cleveland, OH 44114
www.jll.com/cleveland
© 2015 Jones Lang LaSalle IP, Inc. All rights reserved.
All information contained herein is from sources deemed
reliable; however, no representation or warranty is made
to the accuracy thereof.
Trade, transportation
and Utilities,
191,800, 19%
Professional and
Business Services,
173,200, 17%
Government,
165,200, 16%
Educational and Health
Services,
153,500, 15%
Leisure and Hospitality,
100,900, 10%
Financial Activities,
74,800, 7%
Manufacturing,
70,200, 7%
Other Services,
41,600, 4%
Mining, Logging and
construction,
36,300, 3%
Information,
17,100, 2%

More Related Content

What's hot

11-12 Annual Review
11-12 Annual Review11-12 Annual Review
11-12 Annual Review
BC Tech Association
 
Detroit JLL Industrial Employment Update: July 2015
Detroit JLL Industrial Employment Update: July 2015Detroit JLL Industrial Employment Update: July 2015
Detroit JLL Industrial Employment Update: July 2015
JLL_Midwest_Great_Lakes_Research
 
Adapting to Change – a Presentation by James Chaplin
Adapting to Change – a Presentation by James ChaplinAdapting to Change – a Presentation by James Chaplin
Adapting to Change – a Presentation by James Chaplin
Vacancysoft
 
Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Linda Donaghey
 
Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Amee Karat
 
October 2015 baltimore employment update
October 2015 baltimore employment updateOctober 2015 baltimore employment update
October 2015 baltimore employment update
Patrick Latimer
 
The UK IT Industry: State of Play Summer 2014
The UK IT Industry: State of Play Summer 2014The UK IT Industry: State of Play Summer 2014
The UK IT Industry: State of Play Summer 2014
Technically Compatible
 
St. Louis Employment Update
St. Louis Employment UpdateSt. Louis Employment Update
St. Louis Employment Update
Blaise Tomazic
 
Indianapolis JLL Office Employment Update - April 2015
Indianapolis JLL Office Employment Update - April 2015Indianapolis JLL Office Employment Update - April 2015
Indianapolis JLL Office Employment Update - April 2015
JLL_Midwest_Great_Lakes_Research
 
The risks and challenges of ai security
The risks and challenges of ai securityThe risks and challenges of ai security
The risks and challenges of ai security
Antenna Manufacturer Coco
 
Strategic planning document for at
Strategic planning document for atStrategic planning document for at
Strategic planning document for at
Samuel Gibbs
 
State of Tech in Texas
State of Tech in TexasState of Tech in Texas
State of Tech in Texas
Experts Exchange
 
Monthly Economic Update | September 2013
Monthly Economic Update | September 2013Monthly Economic Update | September 2013
Monthly Economic Update | September 2013One Columbus
 
Study: Small Business - Canada
Study: Small Business - Canada Study: Small Business - Canada
Study: Small Business - Canada
paul young cpa, cga
 
Factsheet 2019-it-jobs-growth-trajectory
Factsheet 2019-it-jobs-growth-trajectoryFactsheet 2019-it-jobs-growth-trajectory
Factsheet 2019-it-jobs-growth-trajectory
credforce
 
September 2018 Jobs Report (Infographic)
September 2018 Jobs Report (Infographic)September 2018 Jobs Report (Infographic)
September 2018 Jobs Report (Infographic)
Johnson Service Group
 
MassTLC 2020 Challenge: A vision for the coming decade
MassTLC 2020 Challenge: A vision for the coming decadeMassTLC 2020 Challenge: A vision for the coming decade
MassTLC 2020 Challenge: A vision for the coming decade
Christine Nolan
 
Small Business - Canada - Analysis and Commentary - August 2017
Small Business -  Canada - Analysis and Commentary - August 2017Small Business -  Canada - Analysis and Commentary - August 2017
Small Business - Canada - Analysis and Commentary - August 2017
paul young cpa, cga
 

What's hot (18)

11-12 Annual Review
11-12 Annual Review11-12 Annual Review
11-12 Annual Review
 
Detroit JLL Industrial Employment Update: July 2015
Detroit JLL Industrial Employment Update: July 2015Detroit JLL Industrial Employment Update: July 2015
Detroit JLL Industrial Employment Update: July 2015
 
Adapting to Change – a Presentation by James Chaplin
Adapting to Change – a Presentation by James ChaplinAdapting to Change – a Presentation by James Chaplin
Adapting to Change – a Presentation by James Chaplin
 
Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016
 
Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016Peoplebank ICT Salary Employment Index - Autumn 2016
Peoplebank ICT Salary Employment Index - Autumn 2016
 
October 2015 baltimore employment update
October 2015 baltimore employment updateOctober 2015 baltimore employment update
October 2015 baltimore employment update
 
The UK IT Industry: State of Play Summer 2014
The UK IT Industry: State of Play Summer 2014The UK IT Industry: State of Play Summer 2014
The UK IT Industry: State of Play Summer 2014
 
St. Louis Employment Update
St. Louis Employment UpdateSt. Louis Employment Update
St. Louis Employment Update
 
Indianapolis JLL Office Employment Update - April 2015
Indianapolis JLL Office Employment Update - April 2015Indianapolis JLL Office Employment Update - April 2015
Indianapolis JLL Office Employment Update - April 2015
 
The risks and challenges of ai security
The risks and challenges of ai securityThe risks and challenges of ai security
The risks and challenges of ai security
 
Strategic planning document for at
Strategic planning document for atStrategic planning document for at
Strategic planning document for at
 
State of Tech in Texas
State of Tech in TexasState of Tech in Texas
State of Tech in Texas
 
Monthly Economic Update | September 2013
Monthly Economic Update | September 2013Monthly Economic Update | September 2013
Monthly Economic Update | September 2013
 
Study: Small Business - Canada
Study: Small Business - Canada Study: Small Business - Canada
Study: Small Business - Canada
 
Factsheet 2019-it-jobs-growth-trajectory
Factsheet 2019-it-jobs-growth-trajectoryFactsheet 2019-it-jobs-growth-trajectory
Factsheet 2019-it-jobs-growth-trajectory
 
September 2018 Jobs Report (Infographic)
September 2018 Jobs Report (Infographic)September 2018 Jobs Report (Infographic)
September 2018 Jobs Report (Infographic)
 
MassTLC 2020 Challenge: A vision for the coming decade
MassTLC 2020 Challenge: A vision for the coming decadeMassTLC 2020 Challenge: A vision for the coming decade
MassTLC 2020 Challenge: A vision for the coming decade
 
Small Business - Canada - Analysis and Commentary - August 2017
Small Business -  Canada - Analysis and Commentary - August 2017Small Business -  Canada - Analysis and Commentary - August 2017
Small Business - Canada - Analysis and Commentary - August 2017
 

Viewers also liked

Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
Martinkay99
 
Io t the New Life style
Io t the New Life styleIo t the New Life style
Io t the New Life style
IEI GSC
 
Gastronomía en Canarias: la comida rápida - El Día
Gastronomía en Canarias: la comida rápida - El DíaGastronomía en Canarias: la comida rápida - El Día
Gastronomía en Canarias: la comida rápida - El Día
EAE Business School
 
Individualized Learning Plans for Family Medicine Tutors According To A Compe...
Individualized Learning Plans for Family Medicine Tutors According To A Compe...Individualized Learning Plans for Family Medicine Tutors According To A Compe...
Individualized Learning Plans for Family Medicine Tutors According To A Compe...meducationdotnet
 
TEB-120 Growth and personnel
TEB-120 Growth and personnelTEB-120 Growth and personnel
TEB-120 Growth and personnelDavid Klotz
 
Lumbar Traction Device
Lumbar Traction Device Lumbar Traction Device
Lumbar Traction Device
mary smith
 
Setra Blinds Profile Arabic | Blinds Manufacturing Company
Setra Blinds Profile Arabic | Blinds Manufacturing CompanySetra Blinds Profile Arabic | Blinds Manufacturing Company
Setra Blinds Profile Arabic | Blinds Manufacturing Company
Setra Blind
 
Благодарность Efea
Благодарность EfeaБлагодарность Efea
Благодарность Efea
АКМР Corpmedia.ru
 
Media pitch ceylan and gideon and ida
Media pitch   ceylan and gideon and idaMedia pitch   ceylan and gideon and ida
Media pitch ceylan and gideon and ida
bremangi
 
Chief Future Officer
Chief Future OfficerChief Future Officer
Chief Future OfficerSanjay Banka
 

Viewers also liked (11)

Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
Every Individual is A Slave to Their Own Likes and Dislikes - (Urdu)
 
Io t the New Life style
Io t the New Life styleIo t the New Life style
Io t the New Life style
 
Gastronomía en Canarias: la comida rápida - El Día
Gastronomía en Canarias: la comida rápida - El DíaGastronomía en Canarias: la comida rápida - El Día
Gastronomía en Canarias: la comida rápida - El Día
 
Individualized Learning Plans for Family Medicine Tutors According To A Compe...
Individualized Learning Plans for Family Medicine Tutors According To A Compe...Individualized Learning Plans for Family Medicine Tutors According To A Compe...
Individualized Learning Plans for Family Medicine Tutors According To A Compe...
 
Creativity خلاقیت
Creativity خلاقیتCreativity خلاقیت
Creativity خلاقیت
 
TEB-120 Growth and personnel
TEB-120 Growth and personnelTEB-120 Growth and personnel
TEB-120 Growth and personnel
 
Lumbar Traction Device
Lumbar Traction Device Lumbar Traction Device
Lumbar Traction Device
 
Setra Blinds Profile Arabic | Blinds Manufacturing Company
Setra Blinds Profile Arabic | Blinds Manufacturing CompanySetra Blinds Profile Arabic | Blinds Manufacturing Company
Setra Blinds Profile Arabic | Blinds Manufacturing Company
 
Благодарность Efea
Благодарность EfeaБлагодарность Efea
Благодарность Efea
 
Media pitch ceylan and gideon and ida
Media pitch   ceylan and gideon and idaMedia pitch   ceylan and gideon and ida
Media pitch ceylan and gideon and ida
 
Chief Future Officer
Chief Future OfficerChief Future Officer
Chief Future Officer
 

Similar to Columbus JLL Office Employment Update June 2015

JLL Columbus Office Employment Update May 2015
JLL Columbus Office Employment Update May 2015JLL Columbus Office Employment Update May 2015
JLL Columbus Office Employment Update May 2015
Andrew Batson
 
JLL Columbus Office Employment Update February 2015
JLL Columbus Office Employment Update February 2015JLL Columbus Office Employment Update February 2015
JLL Columbus Office Employment Update February 2015
Andrew Batson
 
Cincinnati JLL Office Employment Update June 2015
Cincinnati JLL Office Employment Update June 2015Cincinnati JLL Office Employment Update June 2015
Cincinnati JLL Office Employment Update June 2015
JLL_Midwest_Great_Lakes_Research
 
Columbus JLL Office Employment Update March 2015
Columbus JLL Office Employment Update March 2015Columbus JLL Office Employment Update March 2015
Columbus JLL Office Employment Update March 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Minneapolis-St. Paul Office Employment Update April 2015
JLL Minneapolis-St. Paul Office Employment Update April 2015JLL Minneapolis-St. Paul Office Employment Update April 2015
JLL Minneapolis-St. Paul Office Employment Update April 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Detroit Office Employment Update
JLL Detroit Office Employment UpdateJLL Detroit Office Employment Update
JLL Detroit Office Employment Update
Andrew Batson
 
Cincinnati JLL Office Employment Update April 2015
Cincinnati JLL Office Employment Update April 2015Cincinnati JLL Office Employment Update April 2015
Cincinnati JLL Office Employment Update April 2015
JLL_Midwest_Great_Lakes_Research
 
Cincinnati JLL Office Employment Update March 2015
Cincinnati JLL Office Employment Update March 2015Cincinnati JLL Office Employment Update March 2015
Cincinnati JLL Office Employment Update March 2015
JLL_Midwest_Great_Lakes_Research
 
St louis Office Employment Update
St  louis Office Employment UpdateSt  louis Office Employment Update
St louis Office Employment Update
Blaise Tomazic
 
Columbus JLL Industrial Employment Update June 2015
Columbus JLL Industrial Employment Update June 2015Columbus JLL Industrial Employment Update June 2015
Columbus JLL Industrial Employment Update June 2015
JLL_Midwest_Great_Lakes_Research
 
Cincinnati JLL Industrial Employment Update May 2015
Cincinnati JLL Industrial Employment Update May 2015Cincinnati JLL Industrial Employment Update May 2015
Cincinnati JLL Industrial Employment Update May 2015
JLL_Midwest_Great_Lakes_Research
 
St Louis office employment update | April 2015
St  Louis office employment update | April 2015St  Louis office employment update | April 2015
St Louis office employment update | April 2015
Blaise Tomazic
 
Cincinnati JLL Office Employment Update May 2015
Cincinnati JLL Office Employment Update May 2015Cincinnati JLL Office Employment Update May 2015
Cincinnati JLL Office Employment Update May 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015
Andrew Batson
 
JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015
Andrew Batson
 
Cincinnati JLL Industrial Employment Update April 2015
Cincinnati JLL Industrial Employment Update April 2015Cincinnati JLL Industrial Employment Update April 2015
Cincinnati JLL Industrial Employment Update April 2015
JLL_Midwest_Great_Lakes_Research
 
Columbus JLL Office Employment Update April 2015
Columbus JLL Office Employment Update April 2015Columbus JLL Office Employment Update April 2015
Columbus JLL Office Employment Update April 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Pittsburgh Office Employment Update April 2015
JLL Pittsburgh Office Employment Update April 2015JLL Pittsburgh Office Employment Update April 2015
JLL Pittsburgh Office Employment Update April 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Cleveland Office Employment Update February 2015
JLL Cleveland Office Employment Update February 2015JLL Cleveland Office Employment Update February 2015
JLL Cleveland Office Employment Update February 2015
Midwest_Great_Lakes_Research
 

Similar to Columbus JLL Office Employment Update June 2015 (20)

JLL Columbus Office Employment Update May 2015
JLL Columbus Office Employment Update May 2015JLL Columbus Office Employment Update May 2015
JLL Columbus Office Employment Update May 2015
 
JLL Columbus Office Employment Update February 2015
JLL Columbus Office Employment Update February 2015JLL Columbus Office Employment Update February 2015
JLL Columbus Office Employment Update February 2015
 
Cincinnati JLL Office Employment Update June 2015
Cincinnati JLL Office Employment Update June 2015Cincinnati JLL Office Employment Update June 2015
Cincinnati JLL Office Employment Update June 2015
 
Columbus JLL Office Employment Update March 2015
Columbus JLL Office Employment Update March 2015Columbus JLL Office Employment Update March 2015
Columbus JLL Office Employment Update March 2015
 
Columbus jll office employment update march 2015
Columbus jll office employment update march 2015Columbus jll office employment update march 2015
Columbus jll office employment update march 2015
 
JLL Minneapolis-St. Paul Office Employment Update April 2015
JLL Minneapolis-St. Paul Office Employment Update April 2015JLL Minneapolis-St. Paul Office Employment Update April 2015
JLL Minneapolis-St. Paul Office Employment Update April 2015
 
JLL Detroit Office Employment Update
JLL Detroit Office Employment UpdateJLL Detroit Office Employment Update
JLL Detroit Office Employment Update
 
Cincinnati JLL Office Employment Update April 2015
Cincinnati JLL Office Employment Update April 2015Cincinnati JLL Office Employment Update April 2015
Cincinnati JLL Office Employment Update April 2015
 
Cincinnati JLL Office Employment Update March 2015
Cincinnati JLL Office Employment Update March 2015Cincinnati JLL Office Employment Update March 2015
Cincinnati JLL Office Employment Update March 2015
 
St louis Office Employment Update
St  louis Office Employment UpdateSt  louis Office Employment Update
St louis Office Employment Update
 
Columbus JLL Industrial Employment Update June 2015
Columbus JLL Industrial Employment Update June 2015Columbus JLL Industrial Employment Update June 2015
Columbus JLL Industrial Employment Update June 2015
 
Cincinnati JLL Industrial Employment Update May 2015
Cincinnati JLL Industrial Employment Update May 2015Cincinnati JLL Industrial Employment Update May 2015
Cincinnati JLL Industrial Employment Update May 2015
 
St Louis office employment update | April 2015
St  Louis office employment update | April 2015St  Louis office employment update | April 2015
St Louis office employment update | April 2015
 
Cincinnati JLL Office Employment Update May 2015
Cincinnati JLL Office Employment Update May 2015Cincinnati JLL Office Employment Update May 2015
Cincinnati JLL Office Employment Update May 2015
 
JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015
 
JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015JLL Cincinnati Office Employment Update May 2015
JLL Cincinnati Office Employment Update May 2015
 
Cincinnati JLL Industrial Employment Update April 2015
Cincinnati JLL Industrial Employment Update April 2015Cincinnati JLL Industrial Employment Update April 2015
Cincinnati JLL Industrial Employment Update April 2015
 
Columbus JLL Office Employment Update April 2015
Columbus JLL Office Employment Update April 2015Columbus JLL Office Employment Update April 2015
Columbus JLL Office Employment Update April 2015
 
JLL Pittsburgh Office Employment Update April 2015
JLL Pittsburgh Office Employment Update April 2015JLL Pittsburgh Office Employment Update April 2015
JLL Pittsburgh Office Employment Update April 2015
 
JLL Cleveland Office Employment Update February 2015
JLL Cleveland Office Employment Update February 2015JLL Cleveland Office Employment Update February 2015
JLL Cleveland Office Employment Update February 2015
 

More from JLL_Midwest_Great_Lakes_Research

JLL Indianapolis Chart of the Week
JLL Indianapolis Chart of the WeekJLL Indianapolis Chart of the Week
JLL Indianapolis Chart of the Week
JLL_Midwest_Great_Lakes_Research
 
Minneapolis–St. Paul Chart of the Week October 20, 2015
Minneapolis–St. Paul Chart of the Week October 20, 2015Minneapolis–St. Paul Chart of the Week October 20, 2015
Minneapolis–St. Paul Chart of the Week October 20, 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Detroit Chart of the Week: October 19, 2015
JLL Detroit Chart of the Week: October 19, 2015JLL Detroit Chart of the Week: October 19, 2015
JLL Detroit Chart of the Week: October 19, 2015
JLL_Midwest_Great_Lakes_Research
 
Office Insight Q3 2015-Grand Rapids
Office Insight Q3 2015-Grand RapidsOffice Insight Q3 2015-Grand Rapids
Office Insight Q3 2015-Grand Rapids
JLL_Midwest_Great_Lakes_Research
 
Office Insight Q3 2015 | Minneapolis-St. Paul
Office Insight Q3 2015 | Minneapolis-St. PaulOffice Insight Q3 2015 | Minneapolis-St. Paul
Office Insight Q3 2015 | Minneapolis-St. Paul
JLL_Midwest_Great_Lakes_Research
 
JLL Cleveland Office Insight - Q3 2015
JLL Cleveland Office Insight - Q3 2015JLL Cleveland Office Insight - Q3 2015
JLL Cleveland Office Insight - Q3 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Pittsburgh Office Insight - Q3 2015
JLL Pittsburgh Office Insight - Q3 2015JLL Pittsburgh Office Insight - Q3 2015
JLL Pittsburgh Office Insight - Q3 2015
JLL_Midwest_Great_Lakes_Research
 
Office Insight Q3 2015-Chicago CBD
Office Insight Q3 2015-Chicago CBDOffice Insight Q3 2015-Chicago CBD
Office Insight Q3 2015-Chicago CBD
JLL_Midwest_Great_Lakes_Research
 
Indianapolis JLL Employment Update - October 2015
Indianapolis JLL Employment Update - October 2015Indianapolis JLL Employment Update - October 2015
Indianapolis JLL Employment Update - October 2015
JLL_Midwest_Great_Lakes_Research
 
Leasing Activity Sheet Q3 2015-Detroit
Leasing Activity Sheet Q3 2015-DetroitLeasing Activity Sheet Q3 2015-Detroit
Leasing Activity Sheet Q3 2015-Detroit
JLL_Midwest_Great_Lakes_Research
 
Office Insight Q3 2015-Detroit
Office Insight Q3 2015-DetroitOffice Insight Q3 2015-Detroit
Office Insight Q3 2015-Detroit
JLL_Midwest_Great_Lakes_Research
 
Minneapolis St. Paul - Employment Update October 2015
Minneapolis St. Paul - Employment Update October 2015Minneapolis St. Paul - Employment Update October 2015
Minneapolis St. Paul - Employment Update October 2015
JLL_Midwest_Great_Lakes_Research
 
Chicago JLL employment update - October 2015
Chicago JLL employment update - October 2015Chicago JLL employment update - October 2015
Chicago JLL employment update - October 2015
JLL_Midwest_Great_Lakes_Research
 
Jll Detroit Employment Update October 2015
Jll Detroit Employment Update October 2015Jll Detroit Employment Update October 2015
Jll Detroit Employment Update October 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Chart of the Week - Indianapolis
JLL Chart of the Week - IndianapolisJLL Chart of the Week - Indianapolis
JLL Chart of the Week - Indianapolis
JLL_Midwest_Great_Lakes_Research
 
JLL Office Insight Q3 2015 - Indianapolis
JLL Office Insight Q3 2015 - IndianapolisJLL Office Insight Q3 2015 - Indianapolis
JLL Office Insight Q3 2015 - Indianapolis
JLL_Midwest_Great_Lakes_Research
 
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
JLL_Midwest_Great_Lakes_Research
 
Chart of the Week - Indianapolis
Chart of the Week - IndianapolisChart of the Week - Indianapolis
Chart of the Week - Indianapolis
JLL_Midwest_Great_Lakes_Research
 
JLL Detroit Chart of the Week: September 14, 2015
JLL Detroit Chart of the Week: September 14, 2015JLL Detroit Chart of the Week: September 14, 2015
JLL Detroit Chart of the Week: September 14, 2015
JLL_Midwest_Great_Lakes_Research
 
JLL Chicago Chart of the Week - September 14, 2015
JLL Chicago Chart of the Week - September 14, 2015JLL Chicago Chart of the Week - September 14, 2015
JLL Chicago Chart of the Week - September 14, 2015
JLL_Midwest_Great_Lakes_Research
 

More from JLL_Midwest_Great_Lakes_Research (20)

JLL Indianapolis Chart of the Week
JLL Indianapolis Chart of the WeekJLL Indianapolis Chart of the Week
JLL Indianapolis Chart of the Week
 
Minneapolis–St. Paul Chart of the Week October 20, 2015
Minneapolis–St. Paul Chart of the Week October 20, 2015Minneapolis–St. Paul Chart of the Week October 20, 2015
Minneapolis–St. Paul Chart of the Week October 20, 2015
 
JLL Detroit Chart of the Week: October 19, 2015
JLL Detroit Chart of the Week: October 19, 2015JLL Detroit Chart of the Week: October 19, 2015
JLL Detroit Chart of the Week: October 19, 2015
 
Office Insight Q3 2015-Grand Rapids
Office Insight Q3 2015-Grand RapidsOffice Insight Q3 2015-Grand Rapids
Office Insight Q3 2015-Grand Rapids
 
Office Insight Q3 2015 | Minneapolis-St. Paul
Office Insight Q3 2015 | Minneapolis-St. PaulOffice Insight Q3 2015 | Minneapolis-St. Paul
Office Insight Q3 2015 | Minneapolis-St. Paul
 
JLL Cleveland Office Insight - Q3 2015
JLL Cleveland Office Insight - Q3 2015JLL Cleveland Office Insight - Q3 2015
JLL Cleveland Office Insight - Q3 2015
 
JLL Pittsburgh Office Insight - Q3 2015
JLL Pittsburgh Office Insight - Q3 2015JLL Pittsburgh Office Insight - Q3 2015
JLL Pittsburgh Office Insight - Q3 2015
 
Office Insight Q3 2015-Chicago CBD
Office Insight Q3 2015-Chicago CBDOffice Insight Q3 2015-Chicago CBD
Office Insight Q3 2015-Chicago CBD
 
Indianapolis JLL Employment Update - October 2015
Indianapolis JLL Employment Update - October 2015Indianapolis JLL Employment Update - October 2015
Indianapolis JLL Employment Update - October 2015
 
Leasing Activity Sheet Q3 2015-Detroit
Leasing Activity Sheet Q3 2015-DetroitLeasing Activity Sheet Q3 2015-Detroit
Leasing Activity Sheet Q3 2015-Detroit
 
Office Insight Q3 2015-Detroit
Office Insight Q3 2015-DetroitOffice Insight Q3 2015-Detroit
Office Insight Q3 2015-Detroit
 
Minneapolis St. Paul - Employment Update October 2015
Minneapolis St. Paul - Employment Update October 2015Minneapolis St. Paul - Employment Update October 2015
Minneapolis St. Paul - Employment Update October 2015
 
Chicago JLL employment update - October 2015
Chicago JLL employment update - October 2015Chicago JLL employment update - October 2015
Chicago JLL employment update - October 2015
 
Jll Detroit Employment Update October 2015
Jll Detroit Employment Update October 2015Jll Detroit Employment Update October 2015
Jll Detroit Employment Update October 2015
 
JLL Chart of the Week - Indianapolis
JLL Chart of the Week - IndianapolisJLL Chart of the Week - Indianapolis
JLL Chart of the Week - Indianapolis
 
JLL Office Insight Q3 2015 - Indianapolis
JLL Office Insight Q3 2015 - IndianapolisJLL Office Insight Q3 2015 - Indianapolis
JLL Office Insight Q3 2015 - Indianapolis
 
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
JLL Minneapolis-St. Paul Chart of the Week: September 28, 2015
 
Chart of the Week - Indianapolis
Chart of the Week - IndianapolisChart of the Week - Indianapolis
Chart of the Week - Indianapolis
 
JLL Detroit Chart of the Week: September 14, 2015
JLL Detroit Chart of the Week: September 14, 2015JLL Detroit Chart of the Week: September 14, 2015
JLL Detroit Chart of the Week: September 14, 2015
 
JLL Chicago Chart of the Week - September 14, 2015
JLL Chicago Chart of the Week - September 14, 2015JLL Chicago Chart of the Week - September 14, 2015
JLL Chicago Chart of the Week - September 14, 2015
 

Recently uploaded

Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
omaxesportscitydwark
 
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BrickAndBolt
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
simpolosparkteam
 
How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
Vinra Construction
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
Listing Turkey
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
Lixin Azarmehr
 
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
aashiyanastardevelop
 
MC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhangMC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhang
laraibfatim009
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
ticktoktips
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
VickyAulakh1
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
JagadishKR1
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
JagadishKR1
 
Avrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing TurkeyAvrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing Turkey
Listing Turkey
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Joseph Lewis Aguirre
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
susantebinum
 
How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!
BelgiumManagement
 
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Newman George Leech
 
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfRixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Listing Turkey
 
Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
SachinChauhan191
 

Recently uploaded (20)

Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
 
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
 
How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
 
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
 
MC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhangMC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhang
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
 
Avrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing TurkeyAvrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing Turkey
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
 
How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!
 
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
 
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfRixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
 
Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
 

Columbus JLL Office Employment Update June 2015

  • 1. Office real estate implications Sources: JLL Research, Bureau of Labor Statistics Job growth/loss by sector (12-month change) Columbus -1,500 -1,000 -300 -100 700 2,200 2,500 2,800 4,400 5,500 -4,000 0 4,000 8,000 12,000 Government Information Financial Activities Professional & Business Services Manufacturing Leisure & Hospitality Mining and Logging Other Services Trade, Transportation & Utilities Educational & Health Services Number of Jobs Cost containment remains key for most tenants in the Columbus market. Many businesses continue to operate with a lean workforce. Real estate is generally the second largest expenditure for companies after personnel costs, so tenants are continuing to keep a close eye on their office space and look for opportunities to consolidate or condense their operations as they manage expenses. Columbus-based Huntington Bank’s recent announcement that it would eliminate nearly 200 positions amid efforts to control rising personnel costs is a common example of such cost containment strategies. The government sector has long played an important role in the capitol city and along with professional and business services, has historically accounted for the largest portion of office-occupied space, reaching its highest peak in 2013 at just over 163,000 employees in December. The majority of government entities are located in the CBD, and occupy more than four million square feet of space, most of which is owner-occupied. Office employment trends (12-month change) Columbus Office employment update Metro Columbus . June 2015 • The Columbus metro continued its steady expansion by recently adding 15,200 payrolls, year-over-year, bringing total non-farm employment to 1.02 million. Meanwhile, unemployment fell 60 basis points year-over-year to 3.8 percent. • Office employment sectors contracted over the last year, recording an annualized net loss of 2,900 jobs. Professional and business services saw an annual net decrease of 100 jobs, faring best among office-using supersectors. Meanwhile, the government supersector posted the steepest decline, dropping 1,500 from payrolls, annually. • Total U.S. nonfarm employment increased by 280,000 jobs in May and upward revisions were made to previous months totaling 32,000 jobs. May's jobs report is welcome news and signals that growth is back on track after a slow start to the year. • U.S. unemployment increased 10 basis points to 5.5 percent as the labor force participation rate ticked higher. Wages also showed growth, recording an annualized increase of 2.3 percent, the highest level in nearly two years. -10.0 -5.0 0.0 5.0 10.0 15.0 2011 2012 2013 2014 2015 Professional & Business Services Information Government Financial Activities 5.5%U.S. unemployment 2.2%U.S. 12-month job growth 3.8%Columbus unemployment 1.5%Columbus 12-month job growth 5.2%Ohio unemployment 1.4%Ohio 12-month job growth Total jobs vs. Unemployment rate Columbus 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 750,000 800,000 850,000 900,000 950,000 1,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Total Employment Unemployment Peak: 996,834 jobs 2.8%
  • 2. JLL Americas Research • Columbus Office Employment Update 2 April 2013 April 2014 April 2015 Total Non-farm Employment 986,600 2.6% 1,009,400 2.3% 1,024,600 1.5% Unemployment Rate 6.0% 4.4% 3.8% Columbus Supersectors April 2013 April 2014 April 2015 Mining, Logging & Construction 31,200 4.0% 33,800 8.3% 36,300 7.4% Manufacturing 69,100 2.4% 69,500 0.6% 70,200 1.0% Trade, Transportation, & Utilities 183,900 0.9% 187,400 1.9% 191,800 2.3% Information 18,700 10.7% 18,100 -3.2% 17,100 -5.5% Financial Activities 75,300 3.3% 75,100 -0.3% 74,800 -0.4% Professional & Business Services 163,000 3.6% 173,300 6.3% 173,200 -0.1% Educational & Health Services 141,400 1.6% 148,000 4.7% 153,500 3.7% Leisure & Hospitality 98,700 6.5% 98,700 0.0% 100,900 2.2% Other Services 38,200 4.1% 38,800 1.6% 41,600 7.2% Government 167,100 0.5% 166,700 -0.2% 165,200 -0.9% News on the street Columbus businesses expanding, contracting, etc. Aver Informatics Inc. Ι Computer Software: Expanding Aver Informatics, a fast-growing software and data analytics firm, will move into the entire 14th floor of the Huntington Center skyscraper on Capitol Square this fall. The technology company serving the health-care industry has shared space with investor Drive Capital LLC at 448 W. Nationwide Boulevard since coming to Columbus last year. According to company officials, the firm expects to double its staff of 53 by the end of the year. Capture Education Ι Education & Training Services: Expanding Cloud-based software maker Capture Education has added 10 jobs since last summer and aims to hit its hiring pledge under a 2014 state loan in half the allotted time. The New Albany company's subscription software helps school districts better track progress toward high school graduation and optimize course schedules. It had 250,000 student users in 2014 and is on track for 850,000 in 13 states by year's end. The company does not release revenue figures. Dynamit Technologies LLC Ι Information Technology Services: Expanding In the year since moving into larger offices in the Arena District, fast-growing Dynamit Technologies LLC has had to take even more space. And at 80 people, the software and mobile application developer has more than surpassed its jobs growth pledge in a 2013 city tax incentive, when it hoped to grow to 65 jobs from 35. Dynamit is on pace to hire another 20 this year. Dynamit had $5.8 million in revenue in 2014 and is on pace to double that this year. JPMorgan Chase & Co. Ι Banks & Credit Unions: Contracting JPMorgan Chase & Co. (NYSE:JPM) is eliminating 5,000 jobs in an effort to trim costs and become more efficient as consumers shift to mobile banking. It remains unclear how many cuts may come in Central Ohio, where JPMorgan is the region’s largest private employer with more than 20,000 workers. The move is said to affect both consumer-banking operations as well as corporate and investment banking, asset management and commercial banking. Mindset Digital LLC Ι Managed Application & Network Services: Expanding Mindset Digital LLC will add 25 jobs, more than tripling its staff to 34, amid fast growth of its social media training seminars for Fortune 500 companies, higher education and health-care organizations – such as showing doctors how to use LinkedIn to enhance their reputation. The Columbus company has grown fourfold over the past year. Mindset Digital, which has offices in the Miranova 2 office tower, will need a larger office at a location to be determined. Ventech Solutions Inc. Ι Information Technology Services: Expanding Ventech Solutions Inc. will add three offices and nearly 200 jobs over the next year to staff up for a 10-year contract managing data for a health care quality initiative for the federal Centers for Medicare and Medicaid Services. Ventech, which now has 125 employees in Columbus and at client sites, will add about 15 in Columbus as a result of the contract and try to shift more here through the decade, according to company officials. Employment statistics Columbus Industry employment stratification Columbus Cody Brooks Research Analyst Great Lakes Region tel +1 513 297 2509 Cody.Brooks@am.jll.com 312 Walnut St, Suite 3030 Cincinnati, OH 45202 www.jll.com/cincinnati Andrew Batson Senior Research Analyst Great Lakes Region tel +1 216 937 4374 Andrew.Batson@am.jll.com 127 Public Square, Suite 2410 Cleveland, OH 44114 www.jll.com/cleveland © 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Trade, transportation and Utilities, 191,800, 19% Professional and Business Services, 173,200, 17% Government, 165,200, 16% Educational and Health Services, 153,500, 15% Leisure and Hospitality, 100,900, 10% Financial Activities, 74,800, 7% Manufacturing, 70,200, 7% Other Services, 41,600, 4% Mining, Logging and construction, 36,300, 3% Information, 17,100, 2%