Ohio Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Ohio markets, including Cincinnati, Cleveland and Columbus.

Cleveland Emerging as a Healthcare Technology Leader

Cleveland is already a flourishing healthcare hub, but in the era of big data, it may surface as healthcare technology leaders as well, according to Healthcare Analytics News. If this rings true, both the local economy and human health will benefit.

Artificial intelligence (AI) marrying healthcare data is creating jobs and Cleveland plans to use this economic development to improve the region’s healthcare disparities. The intention is to invest in human potential in the area by assisting the staggering amounts of Cleveland residents living with physical and mental disabilities.

This positive cycle could mean big things for Cleveland if they find a way to acquire massive amounts of data and top researcher talent to fuel the technology.

Cincinnati Joins the Communal Workspace Trend 

Millennials demand communal workspaces and Cincinnati obliges at the Rookwood Exchange, according to Cincinnati.com. St. Gregory Development Group welcomes Fueled Collective to the area, a magnet for millennials.

The space is designed for work and play, offering open office spaces, boutique fitness classes, dining, entertainment and more for a month-to-month membership fee. The time of day changes the function of this social venue. This is a trend projected to grow continually in response to the millennial flexible work and space mindset.

Grant Adds Smart Transportation to Columbus 

Columbus will add 93 electric vehicles (EVs) to their fleet and 86 new charging stations to the city after winning the 2016 Smart Cities Challenge, reports Smart Cities Dive. The initiative is funded through grant money and city income tax and aims to increase safety while reducing carbon emissions.

Columbus is embracing smart technology and leading the way for surrounding areas to do the same.