state of downtown report

2009
STATE OF
DOWNTOWN
REPORT
DCI thanks the following organizations for their assistance in
compiling the 2009 Annual State of Downtown Report:
Partners
Brandsetter Carroll, Inc.
Colliers International
CB Richard Ellis
CresaPartners
Cincinnati’s arts, culture, sports
& entertainment venues
Grubb & Ellis | West Shell
Commercial
Cincinnati Multiple Listing Service
Metro
Cincinnati USA Convention
& Visitors Bureau
Shertok Design, Inc.
City of Cincinnati
Smith Travel Research
Additionally, there were many individuals serving in various capacities
who were instrumental in making this report possible through
information sharing and analysis.
The State of Downtown Reports are a free service provided by
Downtown Cincinnati Inc. to all downtown stakeholders and other
interested parties. The annual reports and mid-year updates are
available on line at www.downtowncincinnati.com.
To share feedback on this report or join our distribution list for
future reports, please contact DCI at 513.421.4440 or via email at
SODreport@downtowncincinnati.com.
Photo credits: Mark Bowen, Aaron Davidson, Philip Groshong,
Don Moore (Kamera Art Photography), Renae Waples (Mayhew &
Peper Photographers). Other photographs provided by Carter Dawson,
Children’s Theatre of Cincinnati, Cincinnati Ballet, Cincinnati Opera,
Eagle Realty Group, Know Theatre of Cincinnati, Metro, National
Society of Hispanic MBAs.
To build a dynamic metropolitan center
valued as the heart of the region.
Contents
dci’s mission
Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Downtown Development . . . . . . . . . . . . . . . 3
Office & Employment. . . . . . . . . . . . . . . . . . . . 6
Retail & Restaurants. . . . . . . . . . . . . . . . . . . . 10
Safe & Clean. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Residential. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Conventions & Hotels. . . . . . . . . . . . . . . . . . 16
Arts, Culture & Entertainment . . . . . . . . 18
Access & Parking. . . . . . . . . . . . . . . . . . . . . . . . 20
1
Introduc tion
Downtown Cincinnati is the heart of the growing and vibrant
Cincinnati USA region. As the front door to the region, the Central
Business District (CBD) along with its neighboring communities—
Over-the-Rhine, the West End, Pendleton, and Mt. Adams—
continued to grow and evolve to meet the needs of its many
visitors, residents, employees, and property owners.
Downtown Cincinnati Incorporated (DCI) with the collaboration
and assistance of many public and private partners, researches,
compiles, and publishes the State of Downtown Report annually.
In its sixth year of publication, the State of Downtown Report
provides a comprehensive profile of the various downtown
markets: Development Projects; Office and Employment;
Retail and Restaurant; Residential; Conventions and Hotels;
Arts, Culture and Entertainment; Safe and Clean; and Access
and Parking.
2009 was a challenging year globally, nationally, and locally. The
economy was less than optimal and made success difficult across
nearly every industry. However, downtown Cincinnati continued
to seek innovative ways to maneuver the economic trials of the
2009 economy.
The national retail market faced a number of obstacles but
downtown retail and restaurants remained relatively stable. In
the office and employment market, the commercial brokerage
community faced a variety of challenges including high vacancy
rates, but began to see companies hiring again, which led to lease
renewals and expansions.
Although the housing market remained in flux throughout
2009, downtown Cincinnati’s residential market was steady in
comparison to other markets. Development projects slowed
2
slightly, but the continued progress of major developments such as
The Banks, Queen City Tower, and the Over-the-Rhine revitalization
contributed to downtown’s continued positive momentum.
Arts, culture, and entertainment venues continued to bring
many visitors to downtown—a direct complement to the record
setting convention attendance. While hotel occupancy was not
at its highest level, downtown hotels averaged better results
when compared nationally and regionally. The presence of more
pedestrians on downtown streets, both during the daytime and
evening hours, was due to many of the above mentioned factors,
plus the compact walk-ability of downtown, availability of low cost
parking, and the safe, clean, and welcoming environment.
The following pages provide detailed statistics in each market
mentioned above. For more information or to give feedback
regarding the information in this report, please email
SODreport@downtowncincinnati.com.
CAC
Duke Energy
Convention Center
Government
Square
downtown de velopment
Projec ts by Percentage
‡
Residential. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27%
Mixed Use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24%
Office. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22%
Cultural/Entertainment/Education. . . . . . . . . . . . . . 19%
Access/Parking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7%
Retail/Restaurant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2%
2009 presented challenges in the world of development, and downtown Cincinnati was no
exception. However, the center city was not deterred by a less than stable economy. Within the CBD’s*
450 acres and the surrounding areas of Over-the-Rhine, Pendleton, the West End, and Queensgate,
development continued to press forward leveraging the momentum created by so many urban
pioneers and stakeholders.
Seventeen downtown projects in the areas of access and parking, cultural, entertainment, and
education, mixed use†, office, residential, and retail were completed in 2009. The unique topography
and layout of the urban core provides a multitude of opportunities to redevelop/renovate historic
and landmark buildings and sites, bringing them “back to life” and utilizing their full potential.
Additionally, the development community has seized the opportunity to build new structures, such
as the Great American Tower at Queen City Square, The Banks, Trinity Flats, and City West to further
complement downtown’s distinctive appeal.
Well over $116 million dollars was invested in the development of more than 300,000 square feet
of completed projects, which netted 428 new residential units and 769 parking spaces. Also during
2009, multiple projects broke ground and/or continued construction with an estimated investment
of more than $1.6 billion. The downtown community can look forward to numerous projects getting
underway in the near future as more than 20 projects impacting over 1.2 million square feet of space
are currently in the pre-planning/proposal phase.
The following pages give a brief overview of downtown projects; a detailed report is available at
downtowncincinnati.com.
* “Central Business District (CBD)” refers to the area inside the boundaries of Eggleston, the
Ohio River, Central Avenue, and Central Parkway.
† “Mixed use” refers to properties/buildings that encompasses more than one use, such as
residential and/or office space paired with retail/restaurant/entertainment venues.
‡ Includes completed, under construction, and proposed projects as of year-end 2009.
3
Legend
ACC = Access & Parking
CEE = Cultural/Entertainment/Educational
MIX = Mixed Use
OFF = Office
RES = Residential
RET = Retail/Restaurant
Note: This chart lists only those projects with a disclosed investment
amount of $1 million or more. For a complete and detailed list of
downtown and Greater Downtown development projects, please
visit the publications page at downtowncincinnati.com
*Proposal is to connect the CBD with Uptown via Vine Street
4
Proposed
Under Construction
Completed
De velopment
Projec ts
Completion/Expected
Project Name
Address
Project Type Investment ($M)
Completion Date
1 14th and Vine at Trinity Flats
1331-1335 Vine Street
MIX
$2.5
2009
2 724 Main
724 Main StreetRES
$1.0
2009
3Atrium Two
221 E. Fourth Street
OFF
$2.0
2009
4The Belmain
1202 Main StreetRES
$2.7
2009
5 Central Riverfront Garage
50 E. Freedom WayACC
$38.0
2009
6 City WestEzzard Charles DriveRES
$24.0
2009
7 dunnhumbyUSA
444 W. Third Street
OFF
$17.0
2009
8 Falling Wall
1417-1421 Main Street
MIX
$1.8
2009
9 GreenSource Cincinnati
19 E. Eighth Street
OFF
$1.5
2009
10 Jeffrey & Darlene Anderson
1141 Central Parkway
OFF
$6.5
2009
FreeStore FoodBank Center
11 Lackman Lofts
1237 Vine Street
MIX
$1.8
2009
12 Magnolia Street Project
1419 Elm StreetRES
$4.0
2009
13 Mercy Housing
Main StreetRES
$4.0
2009
14 Mottainai
1222 Republic StreetRES
$3.0
2009
15The Righteous Room
641 Walnut Street
MIX
$2.2
2009
16Rookwood Pottery
1920 Race StreetRET
$1.5
2009
17Taft Center
Fifth & Walnut Streets
OFF
$1.6
2009
18 617 Vine Street
617 Vine StreetRES
$34.5
n/a
19The BanksRiverfront
MIX
$600.0
2011
20The Banks Parking GaragesRiverfrontACC
$90.8
2010
21 Central Riverfront ParkRiverfront CEE
$100.0
2011
22 City Home
1406-1422 Pleasant StreetRES
$8.0
n/a
23The Edge Office and Design Center
310 Culvert Street
OFF
$35.0
2010
24 Jimmy Heath House
Odeon StreetRES
$3.5
2010
25 John Weld Peck Federal Building
550 Main Street
OFF
$20.1
n/a
26 KZF Design Expansion
700 Broadway
OFF
$6.0
2010
27Nineteen Ten Elm Street
1910 Elm Street
MIX
$3.0
2010
28 One River PlazaRiverfront
MIX
$143.0
n/a
29 Parvis Lofts on Vine
1415 Vine StreetRES
$10.0
2010
30 Great American Tower at Queen City Square Fourth & Sycamore Streets
OFF
$322.0
2011
31 Queensgate South
Baymiller & W. Third Street OFF
$25.0
n/a
32Saenger Halle
1400 Block of Race Street
OFF
$8.0
2010
33School for Creative and Performing Arts
1223 Central Parkway
CEE
$70.0
2010
34Seventh & Broadway GarageSeventh & BroadwayACC
$5.0
2010
35Trinity Flats
1326-1342 Vine Street
MIX
$5.0
2010
36 Washington Park Residential Revitalization Washington ParkRES
$8.0
2010
37 21c Museum Hotel
609 Walnut Street
CEE
$48.0
2012
38 Bartlett Building
36 E. Fourth Street
OFF
$15.0
n/a
39 Beer Hall of Fame
Fountain Square District
CEE
$22.5
n/a
40 Broadway TowerSeventh & BroadwayRES
$22.0
n/a
41 Casino
Broadway Commons
CEE
$500.0
2012
42 Cincinnati Color Building
1400 Vine Street
MIX
$14.1
2011
CBD/OTR/UptownACC
$185.0
n/a
43 Cincinnati Streetcar *
44E. Sixth Street Properties
114, 118, 122 E. Sixth Street
MIX
$13.0
2011
45 Friars’ Court - St. Anthony’s Village II
1616-18, 1626-28 Race Street;
RES
$2.8
n/a
1623 Republic Street; 23 Green Street
46 Gateway Quarter - Phase 4
1400 Block of Vine Street
MIX
$105.0
2010
47 Germania Hall
1311 & 1313 Vine Street
CEE
$7.0
n/a
48 Mercer Commons
Vine and Walnut Streets
MIX
$18.0
2012
49 Music Hall Renovation
1243 Elm Street
CEE
$92.5
2011
50 Phelps Apartment Building Redevelopment 506 E. Fourth Street
CEE
$15.0
2011
51Rothenberg Preparatory AcademyEast McMicken Avenue & Main Street
CEE
$2.1
2011
52Terrace Hotel and Residences
15 W. Sixth StreetRES
$30.0
n/a
53 Washington Park
Washington Park
CEE
$32.0
2011
54 West Fourth Residential
W. Fourth StreetRES
$40.0
n/a
55 Westfalen Lofts
1418-1422 Race StreetRES
$3.4
n/a
See map on next page
27
16
45
51
24
12
6
49
10
46
32 42
22 55 29
48
1
53
47 35
8
13
4
36 14 11
33
43
41
9
18
52
15
37
CAC
2
44
Duke Energy
Convention Center
54
31
39
17
38
34
40
25
Government
Square
50
3
7
26
23
30
28
5
20
19
21
5
Office & Employment
Downtown is proudly home to nine of the 10 Fortune 1000*
headquarters in Cincinnati, 23 out of 25 of the Cincinnati Business
Courier’s largest tri-state law firms** and a host of large creative/
advertising firms and financial services. The CBD remains diverse
in its types of businesses—from those with large corporate
headquarters to small, locally-owned business, alongside many
unique retail and restaurant offerings including national chains
and family-owned and operated establishments.
More than 800 businesses occupied over 300 buildings and
employed many thousands of people. Despite 2009’s challenging
economic conditions, businesses continued to locate downtown
and expand their employee base. For instance, Advantage IQ,
Inc. renewed their lease and added additional space at The
Center at 600 Vine in anticipation of increasing their 75-employee
workforce by 40%. FirstGroup America added 100 new corporate
jobs to their headquarters, bringing their total employees at their
downtown location to 500. Procter & Gamble worked closely
with the City of Cincinnati in anticipation of relocating more than
600 employees from one of their suburban locations to their
downtown headquarters in early 2010. (Please see the “Major
2009 Transactions” chart on the following page.)
While there is clearly positive momentum, the CBD was not
immune to the economic challenges being faced nationwide. The
vacancy rate in downtown’s Class A office space was higher than
the national average during 2009, while the rental rates were
competitive across all classes of space.
6
*Fortune Magazine
**Based on number of employees
†For 26 years, The Enquirer and Deloitte have teamed to rank the 100 largest privately
held companies in Greater Cincinnati and Northern Kentucky. The companies were
ranked by previous year’s revenues.
Fortune 500
 Procter & Gamble (20)
 Kroger (22)
 Macy’s (96)
 Fifth Third Bancorp (302)
 Western & Southern Financial Group (441)
Fortune 1000
 Chiquita Brands International (508)
American Financial Group (527)
 Convergys (721)
E.W. Scripps (960)
Deloitte Cincinnati USA 100†
Staffmark (4)
 Castellini Co. (5)
 Joseph Auto Group (16)
 Hickman, Williams & Co. (23)
Al Neyer Inc. (86)
Restaurant Management Inc. (99)
Office & Employment
2009 CBD Office Stats*
Inventory of Vacancy
Average
Rentable Sq. Ft.
Rate
Rental Rate
Class A
5,996,016
18.2%
$21.77
Class B
4,899,303
19.7%
$15.00
Class C
1,586,171
22.8%
$11.74
2009 Net
Absorption
-125,860
35,557
-7,016
Inventory of Rentable Sq. Ft.
Blue Ash
3,814,104
CBD
12,481,490
CBD – Periphery
2,942,497
East
1,642,750
I-71 Corridor North (of I-275)
3,367,515
I-75 Corridor North (of I-275)
1,345,168
Kenwood/Montgomery
1,628,979
Midtown
1,870,493
Northern KY
4,722,486
Tri-County
3,432,916
West
206,848
2009 Net
Absorption
-39,843
-125,952
-23,852
31,430
-57,142
205,988
27,631
34,426
32,543
-258,541
-2,383
2009 Regional Office Stats
Vacancy
Rate
22.3%
19.4%
27.2%
20.3%
27.2%
10.2%
13.4%
18.6%
22.1%
32.8%
20.8%
Average
Rental Rate
$18.47
$18.28
$18.27
$13.55
$18.84
$21.25
$21.17
$16.52
$18.53
$16.22
$14.90
Class A - CBD Office Inventory
2005
2006
2007
2008
2009
Total Inventory Total Vacant
6,183,807 674,195 6,012,281 1,249,530 5,996,016 1,079,308 5,996,016 1,000,565 5,996,016 2,420,256 % Vacant
10.9%
20.8%
18.0%
16.7%
18.2%
YTD Absorption Weighted Rate**
151,356 $22.07
-588,861
$22.27
153,957 $23.02
120,250 $23.20
-125,860
$21.77
Class B - CBD Office Inventory
2005
2006
2007
2008
2009
Total Inventory Total Vacant
4,899,334 796,921 4,957,988 755,287 4,957,988 698,800 4,794,303 873,041 4,899,303 967,401 % Vacant
16.3%
15.2%
14.1%
18.2%
19.7%
YTD Absorption Weighted Rate**
57,147 $15.64
82,051 $16.38
56,487 $15.87
-146,618
$15.93
35,557 $15.00
*Unless otherwise noted, all office statistics in this section were provided by Grubb & Ellis|West Shell Commercial.
**As of 2009-Q1, Grubb & Ellis adopted a new methodology to weight office asking rental rates. Rental rates for 2009
are not comparable to previous years.
Major 2009 Transactions†
Company
Location
AON Risk Services
Chiquita Center
Barnes Dennig
Federal Reserve Building
Bridge Worldwide
302 W. Third Street
Buck ConsultantsSawyer Point Building
First Financial BankAtrium I
Frost, Brown, Todd
Great American Tower
Huntington Bank
4th & Walnut Centre
Jackson Rolfes & Spurgeon
Midland Building
O’Connor Acciani & Levy
Kroger Building
Promotion Execution Partners
4th & Elm Building
Schawk Inc.
Midland Building
Standard Insurance
312 Plum
Standard Insurance
312 Elm
State of Ohio –
Court Street
Industrial Commission
Thompson HineScripps Center
TOTAL
Sq. Ft.
10,000
28,000
42,000
13,100
45,000
105,000
40,000
25,000
13,500
11,000
18,000
12,500
18,500
14,000
50,000
445,600
†This list comprises leases that were signed in 2009, not necessarily the date of occupancy
7
Office & Employment
U.S. & Cincinnati Office Vacancy Rate
25%
CBD Suburban
Atlanta
22.2% 21.6%
Boston
10.3% 16.0%
Chicago
16.7% 24.5%
Cincinnati
19.4% 23.3%
Cleveland
21.1% 19.7%
Columbus
14.7% 17.7%
Dallas/Ft. Worth 22.4% 22.8%
Denver
16.3% 19.0%
Detroit
29.6% 23.6%
Houston
11.9% 17.6%
Indianapolis
11.2% 14.5%
Kansas City
23.2% 17.8%
Los Angeles
14.1% 16.4%
Memphis
9.6% 12.7%
Nashville
18.5% 12.9%
New York City
8.6%
(Outer Boroughs) 9.4%
Philadelphia
13.2% 18.8%
Pittsburgh
17.0% 15.6%
Portland
10.4% 17.6%
Raleigh/Durham 9.8% 21.5%
St. Louis
19.6% 13.2%
Washington, DC 13.1% 16.7%
Atlanta
Boston
Chicago
Cincinnati
Cleveland
Columbus
Dallas/Ft. Worth
Denver
Detroit
Houston
Indianapolis
Kansas City
Los Angeles
Memphis
Nashville
New York City
Philadelphia
Pittsburgh
Portland
Raleigh/Durham
St. Louis
Washington DC
Class A
$23.54
$35.77
$30.24
$21.77
$22.22
$19.17
$23.85
$24.15
$22.10
$29.01
$19.18
$20.51
$36.23
$19.60
$21.62
$65.47
$27.84
$21.11
$24.03
$22.22
$20.92
$39.63
Cincinnati Sub
Class B
$18.10
$24.88
$24.58
$15.00
$17.84
$15.82
$18.01
$19.74
$19.23
$19.87
$15.48
$17.09
$26.68
$16.48
$17.52
$48.09
$23.56
$16.95
$19.18
$18.00
$16.51
$30.83
20%
Vacancy Rate
2009 Rental Rates
Cincinnati CBD
U.S. Suburban
15%
U.S. CBD
10%
5%
0
2005
2006
2007
2008
2009
Year
Vacancy Rate is defined as the percentage of the total supply of units or space of a
specific commercial type that is vacant and available for occupancy at a particular
point in time within a given market.*
CBD Historical Absorption
300,000
Class A
150,000
Square Feet Absorbed
2009 Vacancy: All Classes
Class B
Class C
0
-150,000
-300,000
-450,000
-600,000
2005
2006**
2007
2008
2009
Year
*Source: www.realtor.org
**Convergys Corporation purchased and occupied the Atrium One Building removing it from commercial real
estate market statistics (as owner occupied). This transaction (Convergy’s move from the Center at 600 Vine )
was the primary reason for the negative absorption in the CBD’s Class A office space.
8
Absorption is defined as the amount of inventory or units of a specific commercial
property type that became occupied during a specified time period (usually a year)
in a given market, typically reported as the absorption rate.*
Office & Employment
2009 CBD Office Availability* – CLASS B
2009 CBD Office Availability* – CLASS A
Building Name
312 Elm
312 Plum
525 Vine
580 Building
Atrium Two
Center at 600 Vine
Chemed Center
Chiquita Center
Fifth Third Center
Great American Tower
PNC Center
Scripps Center
URS Tower
US Bank Center
Total 14 Buildings
*Source: CresaPartners
Available Sq. Ft.
44,449
18,675
152,351
342,298
127,933
203,228
68,692
91,779
1,750
186,800
191,888
59,931
55,719
45,205
1,590,698
Available Rate
11.73%
8.10%
38.63%
67.03%
19.15%
35.11%
13.16%
17.08%
0.53%
23.20%
38.58%
11.13%
26.28%
8.04%
21.17%
Building Name
125 E. Court Street
200 W. Fourth Street
302 W. Third Street
311 Elm
Fourth & Vine Tower
700 Walnut Building
Archdiocese of
Cincinnati Building
Carew Tower
Centennial Plaza I
Centennial Plaza III
Cincinnati Club Building
Convention Place Tower
Court Street Center
Delta Airlines
Deskey Building
Executive Building
Federal Reserve Building
Macy’s Building
Flatiron Building
Fourth & Elm Building
Fourth & Race Building
Fourth & Walnut Centre
Gwynne Building
Hartford Building
Holland Pen Building
Ingalls Building
Lovell Building
Mercantile Center
Mercantile Library
One Lytle Place
Pinger Building
Provident Building
Sawyer Point Building
The Terrace Hotel
Textile Building
Thirty West Third
Tri-State Building
Total 37 Buildings
Available Sq. Ft.
45,451
4,697
6,262
8,640
40,000
7,016
Available Rate
47.84%
15.89%
2.96%
9.59%
6.34%
8.09%
10,000
9.39%
46,325
60,312
62,371
8,390
25,366
17,401
7,602
30,000
19,931
16,347
1,200
6,700
49,500
75,000
74,072
26,936
48,000
4,000
9,456
22,968
18,309
7,000
6,708
18,000
53,274
27,576
270,000
64,442
21,150
22,088
1,242,490
11.03%
79.83%
40.24%
9.61%
28.18%
16.42%
12.88%
100.00%
23.45%
10.90%
0.37%
10.63%
49.50%
60.34%
19.12%
23.07%
73.85%
16.67%
16.00%
100.00%
13.08%
7.14%
23.47%
45.00%
40.98%
14.72%
100.00%
29.97%
60.43%
25.10%
18.37%
9
Re tail & Res taur ants
Bromwell’s—a nearly 200-year-old business on Fourth Street—
opened a new 3,200 square-foot gallery space to complement
their fireplace showroom, and England’s Elegant Attire relocated
downtown from a suburban mall. Also, Over-the-Rhine saw new
businesses opening on Main Street and around the Gateway
Quarter, while Findlay Market doubled its number of annual
visitors to 612,000 and saw an increase in retail occupancy,
bringing the rate up to 83%. (Please see the following pages for
a detailed list of 2009 retail and restaurant openings.)
The retail industry on a whole had a difficult year nationwide. The
National Retail Federation President and CEO, Tracy Mullin stated,
“…for nearly all of 2009 Americans pulled back on everything but
the bare necessities, and when they did shop they were focused
almost exclusively on price. As a result, companies were forced to
do more with less…” — The Courage to Lead: www.nrf.com
As a reflection of the economic conditions nationwide and in
Cincinnati, there was an increase in the available retail space, but
the downtown retail market remained fairly stable and even grew
in some areas with 30 new establishments opening in 2009. The
Downtown Gift Card† program continued to promote spending
with downtown establishments. Although the number of gift cards
purchased was down, there was an increase of 14% in the average
dollar amount of gift cards purchased and a 45% increase in total
dollars spent using the gift card ($81,540).
Shopping
Dining
Dining
40
%
The unique selection of restaurants and retailers49%
continued to
49%
bring patrons downtown in 2009. Several restaurants received
the
Personal
Care
AAA/CAA Four Diamond Award (the second-highest designation
in
11%
the organization’s ratings system): Jean Robert at Pigall’s, Nicola’s
Ristorante, Orchids at Palm Court, and the Palace Restaurant.
Additionally, during 2009 new focus was given to downtown’s
retail potential as Brandt Retail Group launched a new division—
Private
Private
Brandt Urban Retail—to help fill some
of the retail
gaps in the
Dining
Dining
urban core in order to stay onFamiliar
pace with
growing
5% downtown
5% the
Familiar
Faces
Faces
housing and entertainment markets.
20%
20%
49%
40%
Personal
Care
11%
10
**
**
† For more information and/or to purchase a gift card, visit downtowncincinnati.com
‡ For the full study conducted by Brandstetter Carroll, please visit downtowncincinnati.com
5%
FamiliarDining
*
Faces
shopping
20%
Antiques/Auction
Houses 2%
Antiques/Auction Houses
2%
Shopping
Full Fare
Full Fare
Light 22%
Light
22% year
‡
Pedestrian
conducted for
the third consecutive
Shopping counts wereFare/Bars
Fare/Bars
9% showed a 9continued
%
% intersections and
at40
select
increase during
peak weekday times (11 a.m.–2 p.m.) and a total increase of 20%
Personal
Daytimers
Daytimers
Care
in the presence of pedestrians during
44%hours.
44%the evening
11%
Private
Dining
CBD retail comparison
Dining
*
*
5%
5%
Wireless/ElectronicsWireless/Electronics
Newstands/Pharmacies
6%
Newstands/Pharmacies
6%
ShoppingRepair 5%
Auto 5%
Care/Home
Auto Care/Home
Dining Repair
40% Markets
49%
19%
Personal
Malls/Department
Stores 3%
Malls/Department Stores
3%
Care
11%
Home Furnishings/
Home Furnishings/
8%
8%
Enhancements/Art Enhancements/Art
Apparel/
Accessories/
Jewelry
28%
Markets
19%
Florists/
Light
28%
Fare/Bars
Light
9%
Gifts/Books/
Novelty
24%
Apparel/
Accessories/
Jewelry
Private
Dining
Familiar
Faces*
9%
24%
22%
14%
FullCleaners/
Fare
22%
Tailors/
Shoe Repair
Fare/Bars
Florists/
Gifts/Books/
Novelty
Eyewear
Full
Fare
5%
20%
personal care
14%
Daytimers**
44%
Daytimers**
44%
*Familiar Faces: Franchises/National Chains
**Daytimers: Open only for breakfast and/or lunch
Eyewear
14%
Cleaners/
Tailors/
Beauty
Salons/
Shoe
Repair
Nail Salons/
14%
Barbers
72%
Beauty Salons/
Nail Salons/
Barbers
72%
Re tail & Res taur ants
2009 Downtown Openings
Establishment Name Category
Busken Bakery
Dine – Daytimers
Capri
Dine – Daytimers
Chicken Joy
Dine – Daytimers
Christopher Marcus Salon
Personal – Salon
Cold Turkey
Dine – Daytimers
Elm Street Deli
Dine – Daytimers
England’s Elegant AttireShop – Apparel/Shoes/Accessories Essential Styles Hair & Nail Salon Personal – Salon
EverheartShop – Gifts/Books/Novelty
Eyebrows
Personal – Salon
FB’s
Dine – Bars/Light Fare
Fins & Feathers
Dine – Daytimers
Gilpin’s Bagel and Deli
Dine – Daytimers
Hamburger Mary’s
Dine – Full Fare
Islamic Clothing StoreShop – Apparel/Accessories
Kidd Coffee
Dine – Daytimers
Killer Brows and Lashes
Personal – Salon
Local 127
Dine – Full Fare
Lucy Blue Pizza Cafe
Dine – Daytimers
Main Street CasketsShop – Gifts/Books/Novelty
Mainstay Rock Bar
Play – Night Clubs
Mayberry
Dine – Daytimers
Mynt Martini
Dine – Bars/Light Fare
Plum Street Pet Clinic
Play – Pets
Raya Restaurant
Dine – Daytimers Righteous Room
Dine – Bars/Light Fare
Sophisticated Threads ConsignmentsShop – Apparel/Shoes/Accessories Studio VertuShop – Gifts/Books/Novelty
Yagoot
Dine – Daytimers
Your Wedding by JenShop – Photography/Wedding
Address
121 E. Seventh Street
420 Walnut Street
28 W. Fourth Street
1010 Race Street
130 E. Sixth Street
435 Elm Street
28 W. Fourth Street
619 Main Street
28 W. Fourth Street
28 W. Fourth Street
126 W. Fifth Street
3 Garfield Place
37 E. Seventh Street
909 Vine Street
3 E. Court Street
312 Walnut Street
31 E. Court Street
127 W. Fourth Street
35 E. Seventh Street
722 Main Street
301 W. Fifth Street
915 Vine Street
511 Walnut Street
427 Plum Street
29 E. Court Street
641 Walnut Street
921 Vine Street
28 W. Fourth Street
1 P&G Plaza
21 E. Court Street
Downtown Retail Availability
2005
2006
2007
2008
2009
Base SF
2,438,306 3,006,222 3,098,350 2,403,035 2,403,000
Available SF
172,592 268,202 213,289 208,338 278,923
% Available
7.08%
8.92%
6.88%
8.67%
11.61%
Source: CB Richard Ellis
11
Re tail & Res taur ants
TOTAL Daytime Pedestrian counts
Daytime Pedestrian counts 11 a.m. – 2 p.m.
8000
2009
2008
2007
5th & Vine
4th & Race
2,977
2,686
2,422
3,935
3,949
4,080
4th & Walnut
Intersections
6th & Walnut
7th & Vine
3,091
3,062
3,143
7th & Main
2,374
2,871
2,950
1,152
1,256
885
4th & Plum
0
1,098
1,022
1,154
1,000
8th & Elm
2,000
9th & Main
3,000
2,734
2,627
3,045
4,000
3,929
5,184
4,682
5,000
Vine & Court
Pedestrians
6,000
5,953
5,013
5,360
6,325
7,200
7,087
7,000
Total Evening Pedestrian counts
3,000
2,510
Pedestrians
2,500
1,994
2,000
2,143
2,118
1,500
1,113
2009
2008
1,283
1,000
608
500
0
218
288
4th & Plum
257
5th & Vine
5th & Elm
Intersections
12
7th & Vine
6th & Walnut
All pedestrian counts for this study were taken by an experienced team of two
observers between 11 a.m.–2 p.m. and 6 p.m.–8 p.m. over a span of four weeks
during late October/early November.
safe & cle an
2009 DCI Ambassador hours
Outreach
5%
The overall crime rate for the CBD/Riverfront was down by double digits in both part 1 and
part 2 offenses* over the past 10 years. More than 80% of all Part 1 crimes are theft from
auto and shoplifting, and more than 57% of all Part 2 crimes are non-aggravated assault, which
includes panhandling. Although the statistics show an increase in crime between 2008 and
2009, several factors played a role in this increase, including the lack of available jail space, and
an increased amount of theft from autos.
In response to this, the police department re-initiated the
“Put Your Junk in Your Trunk” campaign, reminding everyone
not to leave any valuables in plain sight inside their cars.
This campaign began to see results during fourth quarter
2009. Also to enhance safety, eight surveillance cameras
were installed throughout the CBD—7th and Vine; 8th and
Main; 5th and Vine; 5th and Main; 4th and Race; 6th and
Race; 6th and Walnut; and 9th and Walnut. Video can be
reviewed later during an investigation and in real time.
The DCI Ambassador Program ramped up their efforts to meet with the CBD business
owners and employees to raise awareness about the safe, clean, and welcoming services the
Ambassadors provide—from litter patrols throughout the CBD, to safety escorts from one place
to another, to pedestrian and motorist assistance, graffiti removal, and more. Additionally, the
Ambassador social service outreach coordinator assisted more than 51 homeless people living
on the streets of the CBD to find permanent housing.
The positive perception and reality of a clean downtown continued in 2009 as the Litter Index©**
average score for the CBD was 1.2, with 1 meaning “no litter” and 4 meaning “extremely littered.”
The Ambassador team spent more than 45,000 hours in conjunction with the City of Cincinnati’s
public services department and the Cincinnati police department keeping downtown safe, clean,
and welcoming.
* Part 1 crimes are defined as more serious crimes, but include crimes such as shoplifting in which no use of force or violence occurs;
Part 2 crimes are defined as “quality of life” crimes, which include aggressive panhandling and vandalism.
**Developed by Keep America Beautiful, Inc. is used in affiliate communities throughout the nation to assess litter conditions.
Keep Cincinnati Beautiful completes the litter index for the City of Cincinnati.
Beautiful &
Welcoming
17%
Safe
17%
Clean
61%
CBD Crime Statistics
Part 1 Crime
% Change
Part 2 Crime % Change
2000
1,795N/A
528N/A
2001
2,013
12.1%
601
13.8%
2002
1,881
-6.6%
596
-0.8%
2003
1,929
2.6%
614
3.0%
2004
2,026
5.0%
613
-0.2%
2005
1,950
-3.8%
588
-4.1%
2006
1,489
-23.6%
503
-14.5%
2007
1,334
-10.4%
471
-6.4%
2008
1,153
-13.6%
496
5.3%
2009
1,402
21.6%
440
-11.3%
Total 10-year change
-28.0%
-20.0%
13
Residential Marke t
Downtown Condominium Sales
175
169
$300,000
125
$200,000
90
100
2005
2006
$235,138
2004
$241,516
50
$265,207
$100,000
$332,248
75
$278,093
$150,000
2007
2008
2009
Units Sold
115
126
102
0
DOWNTOWN POPULATION GROWTH*
150
$250,000
$50,000
14,000
156
$254,765
Although the single family sales were lower in 2009 than 2008, the condominium
market remained relatively stable with a less than 3% decrease in average sales price
and 9.5% increase in the number of sales. More than 500 new residential units were
completed in 2009 with more than 2,000 additional units under construction and in
the planning stages.
$350,000
Average Selling Price
The housing market has been a focal point of the national economy for at least the
prior two years. The national home sales numbers increased slightly as of year-end
2009. According to the president of the Cincinnati Area Board of Realtors, the firsttime homebuyer credit, which Congress established in 2009 helped boost sales.
Units Sold
Average
Selling Price
25
0
Year
12,452
12,000
2012
Year
*Residential data is tracked and estimated by DCI in consultation with the building representatives/owners/developers,
public records, and media reports. Population growth is not an actual population number, but an estimate based on
100% occupancy of all available residential units at 1.5 residents per unit.
Source: Cincinnati Multiple Listing Service (MLS)
Note: City MLS listings incorporate listings outside the CBD and the 45202 zip code
14
$100,000
$50,000
0
21
2004
2005
2006
Year
2007
2008
2009
30
15
0
Units Sold
7,214
2009
32
45
35
$135,249
4,283
2008
40
$150,000
$172,551
4,268
2007
60
$148,402
4,122
2006
56
$179,958
3,980
2005
58
$201,555
3,786
0
$200,000
75
$181,344
4,032
CBD
4,000
2,000
$250,000
CBD Periphery
Average Selling Price
3,806
Downtown Single Family Home Sales
5,238
6,000
9,026
4,743
7,785
8,375
4,107
7,445
8,154
8,000
3,659
Population
10,000
Units Sold
Average
Selling Price
CBD
MA WE PEN OTR Residential Marke t
Legend
CBD=Central Business District
MA=Mt. Adams
OTR=Over-the-Rhine
PEN=Pendleton
WE=West End/City West/Betts-Longworth
Residential Sales – CONDOMINIUMS
Residential Sales – SINGLE FAMILY HOMES
Development Name
Parker Flats
The McAlpin on Fourth
Park Place at Lytle
The Lofts at Graydon Place
Le Brittany
The Lofts at Fountain Square
Gibson Lofts
Williamson Lofts
at 335 W. Fifth Street
18 E. Fourth
911 Race Street Condominiums
Captain’s Watch Condominiums
Adams Place Condominiums
The Hatchviews Condominium
Duncanson Lofts
Mottainai Lofts
Trinity Flats Condominiums
American Building
Gateway Condominiums
Centennial Row
Falling Wall
Good Fellows Hall Lofts
City Home
The Collins Lofts Crawford Lofts
Flats on Main Condominium
Lackman Lofts
The Melindy Condominiums
Sycamore Orchard
Pendleton Glass House Lofts
The Lofts on Broadway
Hopkins Manor Condominiums
Mt. Adams
Over-the-Rhine
West End
Address
# of 2009 sales
353 W. Fourth St.
16
15 W. Fourth St.
15
400 Pike St.
12
26 E. Sixth
4
104 W. Ninth St.
3
417 Vine St.
3
637 Walnut St.
2
335 W. Fifth St.
2
18 E. Fourth St.
911 Race St.
903 Adams Crossing
900 Adams Crossing
970 Hatch St.
1201-1213 Vine St.
1222 Republic
1331-1335 Vine St.
30 E. Central Pkwy.
1150 Vine St.
1122-1128 Race St.
1417-1421 Main
1306 Main St.
1420 Pleasant St.
1341-1343 Main St.
1410 Main St.
1324 Main St.
1237 Vine St.
1431 Main St.
1417 Sycamore
512 Reading
404 Reading
427-429 Hopkins St.
1
1
9
2
1
8
7
6
4
4
2
2
2
1
1
1
1
1
1
1
4
2
2
# of 2009 sales
5
5
19
Growth in Existing Residential Units
CBD
Prior to and including 2004
2,469
2005
55
2006
129
2007
95
2008
97
2009
10
Total Existing Units
2,855
Under Construction
1,600
Pre-Development/Proposed
354
Total Future Units
1,954
CBD Periphery
2,172
267
98
151
50
424
3,162
125
205
330
Some differences in total units sold may occur based on different reporting procedures from the
Cincinnati Multiple Listings Service and the Hamilton County Auditor’s office.
15
Conventions & Hotel s
The Cincinnati Convention & Visitors Bureau (CVB)* reported a record-setting
2009, with its fifth consecutive year of sales growth and an economic impact of
more than $59 million amidst a struggling national economy.
176,061
187,887
198,219
0
2005
2006
2007
2008
2009
16
Groups Booked
0
Year
economic impact of total room nights booked by cvb
$60,000,000
$55,000,000
$50,000,000
$40,000,000
$35,000,000
$59,000,000
$45,000,000
2005
2006
2007
2008
2009
Year
* Unless otherwise noted, all statistics in this section of this report were provided by the Cincinnati USA
Convention & Visitors Bureau
Groups
Booked
Total Room
Nights
50
$56,000,000
Economic Impact
$4,163,060
$3,692,220
$2,423,336
$2,006,136
$1,818,694
$1,500,430
$1,120,480
$1,031,080
$ 946,746
$ 800,130
$19,502,312
100
$52,000,000
Room Nights
13,970
12,390
8,132
6,732
6,103
5,035
3,760
3,460
3,177
2,685
65,444
50,000
150
$49,000,000
Group
Education Testing Services
Gospel Music Workshop of America
U.S. Department of Education
State Wars Hockey
Youth Specialists
U.S. Institute for Theatre Technology
United Auto Workers
Cincy Flames
U.S.A. Gymnastics
Spirit Team American Challenge
Total
130
100,000
4,200
1,200
9,856
Top 10 Conventions Hosted in 2009 (by Total Hotel Room Nights)
141
163,194
17,000
160
135
150,000
$45,000,000
Room Nights
45,000
15,000
200
200,000
Dollars Spent
Group
Event Date
2012 World Choir Games
2012
National Fraternal Order of Police
2013
The Ancient Egyptian Arabic Order
2011
Nobles Mystic Shrine
League of United Latin American Citizens (LULAC)
2011
National Conference of Black Mayors
2010
National Society of Hispanic Professional Engineers 2010
207
150,466
Key National Conventions Booked in 2009
250
250,000
Total Room Nights
The CBD offers hotel accommodation choices across six hotels with a total of
more than 2,200 rooms. In 2009 hotel occupancy and average rate per night
were down nationwide, but downtown Cincinnati still remained higher than the
national and regional averages.
total room nights & Groups Booked
Year-End Hotel Comparison*
$130
$80
$73.62
$73.89
$75
$70.52
$66.25
$66.10
$70
$105
$100
2005
2006
2007
2008
$115.32
$60
$124.14
$110
$126.97
$65
$115.73
$115
2009
Rev PAR
$120
$110.92
Average Room Rate/Night
$125
Rev PAR
Avg. Room
Rate/Night
$55
$50
Hotel occupancy rate
Downtown
Gr Cinci
60%
Rate
Cinci USA
National
55%
50%
45%
2005
2006
2007
2008
2009
Year
Avg. Occupancy
2008
2009
60%
57%
55%
52%
55%
60%
Downtown Hotels
Hotel
Millennium Hotel Cincinnati
Hilton Cincinnati
Netherland Plaza
Hyatt Regency Cincinnati
Westin Hotel Cincinnati
Garfield Suites Hotel
The Cincinnatian Hotel
Year
65%
Market
Downtown
Gr. Cincinnati
Cincinnati USA
(Tri-state)
National
51%
2005
2006
55%
2007
2008
2009
Avg. Rate/Night
Rev PAR**
2008
2009
2008
2009
$124.14 $115.32
$73.89 $66.25
$ Hotel
87.89
$83.45$48.67 $43.27
Occupancy Rate
National
Cincinnati
USA
Gr.(OH-KY-IN)
CincinnatiDowntown
$ 85.70
$81.54
$47.33 $41.67
63%
56%
55%
60%
57%
54%
60%
$163%
06.55 $97.51
$64.37 $53.71
63%
56%
53%
58%
60%
55%
55%
60%
55%
51%
52%
57%
Rooms
872
561
486
456
152
146
Conventions & Hotel s
Downtown Hotel Performance
*Source: Smith Travel Research c/o Cincinnati USA Convention & Visitors Bureau
**Rev PAR: Revenue per available room
17
Arts, Culture & Entertainment
Downtown Cincinnati boasts numerous arts, culture, and
entertainment venues, not to mention a diverse array of festivals
and philanthropic events that remain well attended year after year.
These renowned venues are an attraction for Cincinnati residents
and visitors of all ages—the young and the young at heart. While
the arts, culture, and entertainment industry did not as a whole
see major increases in attendance, several venues—the Main
Library, the Cincinnati Museum Center, the Krohn Conservatory,
and Fountain Square—had record-breaking attendance.
 The Children’s Theater of Cincinnati was the first regional
theater in the country to present Disney’s High School Musical 2:
On Stage.
 The Cincinnati Museum Center at Union Terminal received the
2009 National Medal for Museum and Library Service award
(the industry “Oscar”). It was one of five museums from across
the nation to receive the award. The Museum Center is the 17th
most visited museum in the nation, according to a 2009 report
by Forbes Traveler and set an attendance record of more than
1.4 million visitors—a nearly 6% increase over the previous record.
 In 2009, with fewer performances than in 2008, the Cincinnati
Opera exceeded both their 2008 attendance figures and ticket
income, welcoming attendees from 29 states, Washington,
D.C., and Puerto Rico and more than 4,000 first-time attendees.
They reached a new high in student attendance (2,550, of which
1,164 attended the production of Carmen). Additionally, in June,
Cincinnati launched a community-wide search for the next great
opera star, drawing over 160 amateur singers to open auditions
at Music Hall. Margaret Russo, a 25-year-old copywriter from
Bridge Worldwide, was named the competition’s first winner,
receiving a $3,500 contract with the company as well as the
chance to sing before the Opening Night audience of Carmen.
 Krohn Conservatory had a record breaking 2009 with attendance
for the butterfly show of over 84,000 people.
18
The PNC Summer Music Series drew an estimated 110,000
people to Fountain Square through August 25, shattering 2008’s
attendance (approximately 50,000) at the Music Series for the
entire season (through Labor Day).
 In 2009, the Midpoint Music Festival showcased live music on
23 different stages located throughout downtown and Over-theRhine, including the sold out main stage at the newly reopened
Grammer’s. Over 15,000 fans turned out for 270 performances—
a 45% increase in the number of performers over the previous year.
 A Christmas Carol continued to draw near-capacity (96.5% capacity)
crowds to the Cincinnati Playhouse in the Park, playing to more
than 21,000 people. Additionally, Playhouse in the Park reached
more than 50,000 students through its mainstage performances
and education programs.
 The Public Library of Cincinnati and Hamilton County’s Main
Library had another record breaking year with more than 1.4 million
people visiting (up nearly 5% over 2008). Of those visitors, 30,708
attended 2,066 free programs. Nearly 4.8 million books, music
CDs, and other items were borrowed from the Main Library in
2009, an 8.7% increase over 2008’s all time high circulation
at the Main Library. Hennen’s American Public Library Ratings
ranked the Library system among the 10 best public libraries in
its population category for the fourth consecutive time. The April
issue of Cincinnati Magazine named the Main Library one of “50
things that contribute to Cincinnati’s identity”, while CityBeat
magazine named the Main Library the “Best Public Institution” in
their 13th annual “Best of Cincinnati” issue.
 The Reds were the first Major League Baseball team awarded
to host the Civil Rights Game during the baseball season.
Previously, the game was only played during preseason. There
were a handful of teams wishing to host and Cincinnati was
selected, which was a big coup for the team and the city.
Arts, Culture & Entertainment
Theater Attendance
Organization* 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009
Children’s Theatre of Cincinnati
73,464
89,000
91,663 105,230
97,654
Cincinnati Arts Association** 241,277
248,522 223,737 239,203 205,000
Cincinnati Ballet
60,012
59,964
55,687
40,739
45,516
Cincinnati May Festival
15,756
15,781
15,944
15,663
14,563
Cincinnati Opera
30,742
23,885
30,435
25,072
25,907
Cincinnati Playhouse in the Park 229,438
233,158 214,069 207,614 188,336
Cincinnati Shakespeare Company 11,886
14,772
14,632
16,069
16,765
Cincinnati Symphony Orchestra/ 176,629
177,125 171,000 229,368 192,000
Cincinnati POPS
Ensemble Theatre of Cincinnati
35,000
35,200
36,000
39,000
40,500
Fifth Third Bank Broadway
300,000 242,426 332,000 296,157 212,800
Across America – Cincinnati
Know Theatre of Cincinnati
5,000
7,000
6,100
5,154
5,615
School for Creative &
18,343
26,628
13,903
10,324
8,699
Performing Arts
Showboat Majestic/Cincinnati
18,103
17,714
20,401
17,905
15,127
Recreation Commission
Total
1,215,650 1,191,175 1,011,502 1,247,498 1,068,482
Museum Attendance
Organization
2005
Cincinnati Art Museum
263,637
Cincinnati Fire Museum
12,000
Cincinnati Museum Center
1,028,241
Contemporary Arts Center
53,428
National Underground Railroad
255,000
Freedom Center †
Taft Museum of Art 64,757
Total
1,677,063
2006
2007
2008
2,009
242,092 232,937 245,247 228,745
8,357
7,453
9,041
8,990
970,104 1,200,000 1,310,000 1,484,607
65,913
61,283
DND 40,000
124,644
162,000
138,016
114,000
46,503
54,017
59,139
54,263
1,457,613 1,717,690 1,761,443 1,930,605
*Taft Theater does not disclose attendance figures
**Does not include Cincinnati Symphony Orchestra/Cincinnati Pops, Cincinnati Ballet, Cincinnati Opera, Cincinnati May Festival,
or Broadway in Cincinnati
†Open one less day/week
‡Events included but not limited to philanthropic walks, music festivals, and cultural festivals
§Only includes downtown venues/events
DND - Did Not Disclose
Other Downtown Venue Attendance
Organization
Cincinnati Bengals
Cincinnati Reds
Fountain Square
Ice Skating Rink
Krohn Conservatory
Main Library/Public Library of
Cincinnati & Hamilton County
Riverfront/Cincinnati
Recreation Commission‡ US Bank Arena
Total
2005
2006
2007
2008
2,009
774,007
527,870 656,790 645,583 684,557
1,943,067 2,134,472 2,058,593 2,058,632 1,747,919
N/AN/A
250,000
226,000
1,287,900 1,272,038
359,075
1,117,105
34,304
40,000
50,000
162,091
273,903
294,890
1,137,533 1,344,302 1,408,323
573,083
545,255
527,087
800,000 800,000 472,635
DND
DND
5,414,049 6,077,485 5,095,029 4,907,675 4,712,776
Festival Attendance
Organization
2005
2006
2007
2008
2,009
Black Family Reunion
75,000
85,000
85,000
75,000
50,000
Cincinnati Brew Ha-HaN/AN/AN/A
8,000
13,000
Fine Arts Sampler Weekend § N/AN/A
9,470
13,794
14,260
Fringe Festival
4,000
4,000
6,500
6,610
7,541
MidPoint Music Festival
50,000
50,000 40,000
13,000
15,000
Oktoberfest Zinzinnati
500,000 500,000 500,000 500,000 500,000
Riverfest
250,000 250,000 300,000 250,000 250,000
Taste of Cincinnati
500,000 500,000 500,000 500,000 500,000
Total
1,379,000 1,389,000 1,440,970 1,366,404 1,349,801
19
Access & parking
Green Access & Transportation is on the rise:
National Monthly & Daily Parking Survey*
 Metro introduced its first six (of 15) hybrid buses in April
Unreserved Parking Rates
2009 as part of Fountain Square’s Earth Day event. The hybrid
buses use 30% less fuel and reduce emissions by up to 90%.
Additionally, in December 2009 Metro introduced several
60-foot articulated “accordion” buses that carry twice as many
passengers with only one operator and about the same amount
of fuel.
 Clean Fuels Ohio awarded Cincinnati a $122,000 grant to add
alternative fuel vehicles to the city’s fleet. The fleet currently
has 14 hybrid electric vehicles and 41 gas/ethanol vehicles. In
2009, the city used 56,000 fewer gallons of gas than in 2008.
 In a recent study conducted by Transportation for America,
Cincinnati was ranked as the seventh safest city for pedestrians
out of the nation’s 52 largest metropolitan areas—ranking
highest among other Ohio cities.
Market
High
Atlanta
$ 135.00
Baltimore
$180.00
Boston
$500.00
Charlotte
$170.00
Chicago
$505.00
Cincinnati
$225.00
Cleveland
$260.00
Columbus
$200.00
Dallas
$160.00
Denver
$195.00
Houston
$250.00
Indianapolis
$130.00
Kansas City
$136.00
Los Angeles
$363.00
Minneapolis/St. Paul
$270.00
Nashville
$180.00
New York
$550.00
Philadelphia
$464.00
San Diego
$190.00
San Francisco
$475.00
Washington, DC
$260.00
National Average
$208.98
Monthly
Low
Median
High
$ 35.00
$ 90.00
$22.00
$110.00
$160.00
$25.00
$325.00
$402.50
$39.00
$ 20.00
$103.75
$20.00
$210.00
$325.00
$52.00
$ 25.00
$127.50
$16.00
$ 90.00
$172.50
$20.00
$ 60.00
$110.00
$15.00
$ 45.00
$ 90.00
$22.00
$165.00
$175.00
$26.00
$ 76.00
$140.00
$30.00
$ 90.00
$105.00
$23.00
$ 75.00
$ 90.00
$15.00
$100.00
$205.00
$47.00
$105.00
$187.00
$27.00
$ 75.00
$125.00
$22.00
$450.00
$500.00
$45.00
$200.00
$314.00
$33.00
$150.00
$180.00
$30.00
$130.00
$350.00
$39.00
$200.00
$215.00
$20.00
$107.16
$154.23
$24.16
Daily
Low Median
$ 4.00
$12.00
$10.00
$13.00
$25.00
$34.00
$10.00
$13.61
$17.00
$31.00
$ 1.50
$ 9.50
$ 6.00
$10.00
$ 5.00
$ 9.00
$30.00
$10.50
$12.00
$16.00
$ 5.00
$12.00
$ 8.00
$11.00
$ 8.00
$10.00
$ 7.00
$28.20
$ 7.50
$17.25
$ 6.00
$12.00
$25.69
$38.00
$20.50
$26.00
$18.00
$26.00
$ 6.00
$25.00
$13.00
$14.00
$10.07
$15.96
*Source: Colliers International North America CBD Parking Rate Survey; Note: Survey only includes covered or underground parking garages
located in prime central business districts; the above chart is an excerpt of the entire survey.
20
Access & parking
Monthly Parking by Sector*
2005
33,456
15%
$63.42
5,952
12%
$87.09
5,349
4%
$100.55
10,856
28%
$51.64
4,445
13%
$75.00
6,854
7%
$73.82
2006
35,223
17%
$64.16
6,902
17%
$71.92
6,311
5%
$124.33
10,856
29%
$50.83
4,300
13%
$71.25
6,854
12%
$74.42
2007
35,091
16%
$66.77
6,902
16%
$70.50
6,186
5%
$111.25
10,856
27%
$51.00
4,300
11%
$102.75
6,847
13%
$79.25
2008
31,710
17%
$63.66
5,607
17%
$69.75
4,440
4%
$92.25
10,530
24%
$50.00
4,253
8%
$114.75
6,880
18%
$67.75
CBD Average Price for Available Monthly Parking space
2009
31,618
15%
$57.69
5,599
11%
$71.25
4,440
3%
$112.00
10,530
17%
$47.50
4,169
9%
$131.00
6,880
20%
$64.25
$68
$66.77
$66
$64.16
$64
Rate
CBD Total Spaces
CBD % Available
CBD Average Price
NE Total Spaces
NE % Available
NE Average Price
SE Total Spaces
SE % Available
SE Average Price
Riverfront Total Spaces
Riverfront % Available
Riverfront Average Price
SW Total Spaces
SW % Available
SW Average Price
NW Total Spaces
NW % Available
NW Average Price
$63.66
$63.42
$62
$60
$57.69
$58
$56
2005
2006
2007
2008
2009
Year
*NE=north of 6th St., east of Vine St.; SE=south of 6th St., east of Vine St.; NW=north of 6th St., west of Vine St.;
SW=south of 6th St., west of Vine St.
daily parking rates
$20
$150
$15
0
$0
2005
2006
2007
Year
2008
2009
2005
2006
2007
2008
$9.50
$15.96
$9.50
$15.42
$8.00
$15.38
$10.00
$15.15
$5
$7.00
$127.50
$154.23
$125.00
$153.79
$100.00
$152.38
$85.00
$153.85
$76.00
$50
Cincinnati
National
$10
$14.04
Cincinnati
National
$100
Rate
$200
$148.30
Rate
monthly parking rates (median)
2009
Year
21
35 East Seventh Street, Suite 202
Cincinnati, OH 45202
513.421.4440
www.downtowncincinnati.com