What the Toledo Blade Doesn’t Know About Cincinnati Ohio
June 24th, 2008 categories: Real Estate News
This morning an article in the Toledo Blade by Gary Pakulski went to great lengths to describe the state of Cincinnati’s economy and the status of downtown.
An open letter to Gary Pakulski:
Dear Mr. Pakulski,
Your article was thoughtful and well written and somebody in Toledo is probably shaking their head about conditions in poor Cincinnati.
Too bad- while you are suffering along with the southeast Michigan’s stumbling economy- we’re doing just fine down here.
As an example, yesterday’s “Urban Tour” was an eye opener. Not only did we see a wide variety of condos and flats- we saw tons of people looking for the move into the city in lieu of retiring in the burbs. A quick search of the greater Cincinnati Multiple Listing Service shows a wide variety of condo type properties available within the City -511 and an additional 168 pending sales. However the most interesting number covers new construction. 238 of the 511 listings are new construction (newly built or new redo’s in existing buildings) and of the 168 pending sales- 127 are new construction.
Not exactly a dead market by any standards.
Yes we do have our problems (see related articles) and yes it will take a lot of time for a sufficient number of new residents to support grocery, cleaners, drug stores and such. But if yesterday is any indication of the level of interest - the extended downtown Cincinnati area is definitely on its way to a residential revival.
In closing Mr. Pakulski, reviewing and reporting on data is useful, but walking around seeing the activity reveals the reality contained within all the statistics. Come visit and I will be glad to show you around.
If you missed the Urban Tour or need more information about downtown living- call or email.
Related Articles: Downtown -Chicken or Egg; Winning Formula: New Downtown Skyscaper
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