Ohio Construction Insights and Analysis October 2024

Ohio encompasses a wide range of industries, project sizes, and construction companies. Below are key insights and an analysis based on the project data:

Industry Segmentation:

1. Multifamily-Residential: Several large-scale multifamily residential projects are listed, including Carver Park Phase 3, The Peninsula, Fifth x Northwest Apartments, The Mills in Sidney, and Gateway at the Green. These types of projects highlight significant residential development, particularly in urban areas like Cleveland and Columbus, indicating a trend towards housing expansion.
2. Education: There are also multiple large educational projects such as West Carrollton Elementary School, Lancaster HS and Career Tech, Cuyahoga Falls 6–12 Campus, and Hall County School. These projects indicate strong investment in Ohio’s educational infrastructure, potentially due to population growth and demand for updated school facilities.
3. Industrial: Industrial developments are notably prominent, including Research Center in Detroit, Sofidel’s tissue plant, Simpson Strong-Tie Expansion, and John Glenn Columbus International Airport. These projects suggest ongoing investment in manufacturing, logistics, and industrial infrastructure, which may be linked to Ohio’s strong manufacturing base and the need to modernize industrial facilities.
4. Healthcare and Wellness: Projects like NCH Westside Primary Care Hub, Ronald McDonald House Charities Dayton’s expansion, Miami Trace Wellness Center, and Kids Dental – Maumee show steady investment in healthcare facilities, possibly reflecting increased demand for healthcare services and expansion in the medical industry.
5. Commercial/Retail: Projects like Trouve Medspa and Restaurant Depot are relatively small in square footage but point towards steady commercial expansion in Ohio, especially in retail and service sectors.

Project Size Breakdown:

• Small (< 50,000 sq. ft.): A substantial number of projects are categorized as small. These include Southern Hills Career & Technical Center (15,000 sq. ft.), Kids Dental (5,470 sq. ft.), and others. These smaller projects may involve specialized commercial developments or renovations, which could indicate a focus on localized growth and community services.
• Medium (50,000 – 200,000 sq. ft.): Projects like DiSanto Hall, Sports Academy in Springfield, and Coventry PEACE Park fit into the medium-sized range, typically indicating either significant community-based projects or medium-sized educational and public facilities.
• Large (> 200,000 sq. ft.): Major large-scale projects like First Energy Youngstown Service Center, Lancaster HS and Career Tech, and West Holmes Elementary School are pivotal infrastructure investments. These projects typically have a considerable impact on the local economy, providing jobs and boosting construction-related industries.
• Extra-Large (> 1,000,000 sq. ft.): Notably, John Glenn Columbus International Airport is an extra-large project at 1,000,000 sq. ft., reflecting significant investment in Ohio’s transportation infrastructure.

Key Players:

• Several major construction companies are involved across multiple projects, such as:
  • JLMoore, Inc.: Involved in both the Kent Corporation manufacturing space and Kids Dental projects.
  • Summit Construction: Handling the Lancaster HS and Career Tech and Trouve Medspa projects.
  • Miles McClellan Construction Company: Handling smaller, more localized projects like NCH Westside Primary Care Hub and Miami Trace Wellness Center.

These repeat contractors suggest strong relationships between developers and construction companies, with some specializing in particular sectors, such as healthcare or industrial developments.

Geographic Distribution:

• Cleveland: A significant hub for multifamily residential and industrial development, with projects like Carver Park Phase 3, The Peninsula, and The Hitchcock Center located in or near the city.
• Columbus: Also a key area, with diverse projects ranging from healthcare (NCH Westside Primary Care Hub) to residential (Fifth x Northwest Apartments) and large industrial developments (John Glenn Columbus International Airport).
• Cincinnati and Dayton: These regions are seeing continued investment in both healthcare (Ronald McDonald House and Huhtamaki building extension) and community-focused projects like convention centers and fire stations.

Project Trends and Opportunities:

1. Infrastructure Growth: The heavy investment in educational facilities, healthcare centers, and industrial projects indicates a strong focus on both public services and Ohio’s key industries like manufacturing and logistics.
2. Multifamily Residential Expansion: The continued development of large multifamily residential projects highlights urbanization and demand for housing in major cities like Cleveland and Columbus.
3. Healthcare Investment: Several projects focused on expanding healthcare facilities reflect Ohio’s growing medical infrastructure, likely driven by demographic trends like aging populations and the need for more comprehensive health services.
4. Industrial Development: The presence of large industrial projects (e.g., Simpson Strong-Tie Expansion, Sofidel’s tissue plant) signals continued growth in Ohio’s manufacturing and logistics sectors, potentially tied to the state’s strategic location and industrial history.

Conclusion:

Ohio is experiencing diversified growth across sectors like education, healthcare, industrial, and residential. The projects suggest a balanced investment strategy focusing on infrastructure, housing, and commercial expansion, with larger urban centers like Cleveland and Columbus leading the way.