Cincinnati is the largest metropolitan city in Ohio, with a population of approximately 300,000. It is also home to nine Fortune 500 headquarters, with a strong concentration of companies in the manufacturing, financial services and healthcare industries.
The City of Cincinnati has prioritized the retention and growth of existing businesses by connecting them with neighborhood resources and identifying opportunities for economic development. New and existing businesses also take advantage of a variety of incentives and tax credits, such as a Community Reinvestment Area abatement program to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility that will result in job creation.
The area’s growing e-commerce industry has also resulted in new commercial real estate activity. Amazon recently announced an agreement to lease 900 acres of land from the Cincinnati/Northern Kentucky International Airport to create an Amazon Prime Air hub. Amazon will invest $1.49 billion into the project, which is projected to create 2,700 jobs.
Cincinnati’s commercial real estate market is also propelled by its prime location, with easy access to I-65, I-70, I-74 and I-75, connecting the city to regional business hubs throughout the Midwest, such as Chicago, Nashville and Indianapolis. It is also supported by a diverse, educated workforce who is attracted to the city’s sports culture and array of arts institutions.
About Fidelity National Financial
Fidelity National Financial, Inc. (FNF) is currently ranked #402 on the 2019 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Cincinnati-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.
Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.
*From FORTUNE Magazine, June 2019 ©2019 Time Inc. Used under license. FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. and are used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Fidelity National Financial.