Downtown Cincinnati Inc.

CelebratingYears of Downtown Revitalization2

2014 State of Downtown • 2013 Downtown CInCInnatI InC. annual RepoRt

35 East Seventh Street, Suite 202 Cincinnati, OH 45202 513.421.4440

the MISSIon of Downtown CInCInnatI InC.

IS to buIlD a DynaMIC MetRopolItan CenteR

valueD aS the heaRt of the RegIon.

www.downtowncincinnati.com

table of ContentS

01 IntRoDuCtIon Partners, About Downtown Cincinnati Inc., About this Report, Letter from the Mayor of the City of Cincinnati, Letter from the Board Chair and President & CEO of DCI

04 woRk Downtown Development, Lease Transactions, Office Inventory, Office Rental and Vacancy Rates, Employment

12 lIve Downtown Population, Residential Units and Occupancy, Residential Unit Sales and Prices, Safe and Clean, Perceptions, Residential Amenities

20 play Retail Establishments, Retail Composition and Occupancy, Conventions, Hotel Composition and Occupancy, Entertainment, Walks and Runs

32 aCCeSS anD tRanSIt Monthly Parking, Alternative Transportation

36 annual RepoRt Marketing and Communications, Safe and Clean, Stakeholder Services, Auditors’ Report, Financial Statements, DCI Board of Directors, DCI Members, Staff

SpeCIal InSeRt Major Milestones from 1994 to 2013

Downtown CInCInnatI aCColaDeS

“An influx of jobs and new residents is reviving the Ohio River shoreline...we are seeing a new Cincinnati.” - New York Times

Cincinnati’s Queen City Underground Brewery Tour: National Geographic’s Top Five Underground Tours in the U.S. for 2012.

First Lady Michelle Obama presented the 2013 National Medal for Museum and Library Service to The Public Library of Cincinnati and Hamilton County. In 2013, the Main Library in downtown Cincinnati was ranked the busiest central library in the United States for the second year in a row, according to the Public Library Association.

Cincinnati’s Convention & Visitors Bureau and Hilton Netherland Hotel won the U.S. 2013 Platinum Choice Award for hospitality by Smart Meetings magazine.

Founded in 1861, Downtown Cincinnati’s Arnold’s Bar & Grill is named by BuzzFeed among 16 of “The World’s Oldest and Coolest Bars”.

21c Museum Hotel Cincinnati ranked 1st on Condé Nast Traveler’s Top 10 U.S. Hotels and Resorts list in 2013.

Downtown Cincinnati is ranked as one of the Top 50 Memorial Day destinations at Priceline.com in 2013.

Lonely Planet named Cincinnati No. 3 on their list of top 10 U.S. Travel Destinations for 2012. The travel guide says the city has become a “worthy weekend getaway” citing attractions such as the riverfront, Tucker’s Restaurant, Findlay Market and the National Underground Railroad Freedom Center.

Cincinnati was ranked 7th in Forbes’ Top 15 Emerging Downtowns list.

Cincinnati was named a Top 10 Spring Break destination for families and one of the Top 100 Best Places to Live by Livability in 2013.

Cincinnati USA was named the Best Walking City in Ohio and ranked 20th in the nation in 2011, according to Prevention magazine and the American Podiatric Medical Association. The study ranked 100 cities in the United States on a list of criteria ranging from the number of walking commuters and low crime rates to the number of cultural attractions and pet owners.

Cincinnati’s revived Washington Park was named a “Frontline Park” by national organization, City Parks Alliance.

Bunbury Music Festival in Cincinnati was listed as a Top 10 National Music Festival by Yahoo Music.

Oktoberfest Zinzinnati was ranked 3rd “Best Oktoberfest Parties” in the world by USA Today Travel, and as one of the “10 great beer festivals of 2013.”

35,000 experienced Cincinnati’s LumenoCity, the world’s first outdoor visual effects and live orchestra show, welcoming director Louis Langree.

The Scripps National Spelling Bee, the nation’s largest and longest-running educational program, is headquartered in Cincinnati.

Cincinnati restaurant Boca was named a Top French restaurant in the U.S. by Travel and Leisure Magazine in 2013.

Cincinnati “fights above its weight class when it comes to offering a vibrant urban lifestyle at an affordable price”, according to MSN Money, which ranks Cincinnati fifth on its list of top 10 most affordable, livable cities.

bunbury Music festival Steve Ziegelmeyer

appointments at Carew tower Mark bowen

Downtown ambassadors Mark bowen

SouRCeSthe data presented in this report is derived from many sources including reports by the media and information collected directly from organizations where available. to provide us with more accurate data on any information contained in this report, to request additional information, or to place your name on our e-mail list for future mailings, please send an email to SoDreport@downtowncincinnati.com.

please visit downtowncincinnati.com for more publications from Downtown Cincinnati Inc.

also visit these websites for additional information on downtown Cincinnati:

• choosecincy.com• cincinnati-oh.gov• cincinnatichamber.com

• cincinnatiuSa.com• cincyusa.com• ilivedowntown.com

• myfountainsquare.com• otrchamber.com• washingtonpark.org

PG. 1 2014 state of downtown rePort

Dear Downtown Cincinnati Inc.,

I am honored and thrilled to be named Honorary Board Chair for Downtown Cincinnati Inc. As a member of City Council, I worked closely with DCI and now, as Mayor of Cincinnati, I will continue to be a strong, active partner.

A main focus of my administration is job creation. We know that Cincinnati is a magnet for national and international companies, who are attracted to our smart, capable, and diverse workforce.

Businesses, both start-ups and established companies, want to be a part of the energy created by our vibrant downtown at the center of the region. We know that increased development hinges on having a clean and safe city center, and DCI’s work is crucial to our region meeting those demands.

Cincinnati has incredible momentum right now. We will work together with DCI and other civic groups to champion our city, accelerate our progress and strengthen inclusion for all.

Congratulations to DCI on your 20 year anniversary!

2014 state of downtown rePort PG. 2

paRtneRSDowntown Cincinnati Inc. thanks the following individuals and organizations for their assistance in compiling this report:

apartment Realty advisors

barnes Dennig

CbRe

Cincinnati’s arts, culture, sports & entertainment organizations

Cincinnati business Courier

Cincinnati Center City Development Corporation (3CDC)

Cincinnati Metro/Southwest ohio Regional transit authority (SoRta)

Cincinnati Multiple listing Service

Cincinnati uSa Convention & visitors bureau

Cincinnati uSa Regional Chamber of Commerce

City of Cincinnati

Colliers International

Downtown Residents’ Council

enquirer Media

game Day Communications

amy Smith

Xceligent, Inc.

about thIS RepoRtThis year’s report is a special edition in honor of Downtown Cincinnati Inc.’s (DCI) twentieth anniversary. We have combined two reports into one publication – the State of Downtown and the Downtown Cincinnati Inc. Annual Report.

The 2014 State of Downtown is a compilation of most recently available data pertinent to our stakeholders and visitors: residential; safety and cleanliness; development, office and employment; retail and restaurants; convention and hotels; arts, culture and entertainment; plus access and parking. The information presented in this year’s report encompasses ten to twenty years of historical information and references the first State of Downtown Report published in 2004.

The 2013 Annual Report provides an overview of the accomplishments of Downtown Cincinnati Inc. during 2013 for each area of service: Safe and Clean, Communications and Marketing, and Stakeholder Services. Financial statements, board, staff, and member lists are also provided.

We hope you find this special edition to be interesting reading. We are always happy to hear from you if you have questions or comments.

IntRoDuCtIon IntRoDuCtIon

taste of Cincinnati Courtesy of the Cincinnati uSa Regional Chamber

Mayor John Cranley City of Cincinnati

DCI Honorary Board Chair

about Downtown CInCInnatI InCoRpoRateD (DCI)Formed in 1994, DCI is a non-profit organization with a mission to build a dynamic metropolitan center valued as the heart of the region. DCI supports this mission by providing unique services in three areas: safe and clean, marketing and communications, and stakeholder services. The organization is funded by the property owners in the Downtown Cincinnati Improvement District, which includes property within the boundaries of Eggleston Avenue, Central Parkway, Central Avenue, and the Ohio River. DCI provides leadership and information regarding community and development issues, working together with public and private partners to ensure long-term downtown vitality.

work Close to $3.9 billion has been invested in downtown Cincinnati

by private and public developers since 1994. In that time, downtown has been transformed

by projects such as the aronoff Center for the arts, the Contemporary arts Center, great

american ball park, Duke energy Convention Center, great american tower at Queen City

Square, the banks and the renovation of fountain Square. In the last year, horseshoe

Casino alone invested $400 million, creating a popular destination and new gateway at the

northeast corner of downtown. In recent years, companies such as nielsen, omnicare,

kao uSa, first financial bank, and dunnhumbyuSa have chosen downtown as their home,

adding more workers to a growing weekday population in the Central business District (CbD).

PG. 3 2014 state of downtown rePort

Dear friends,

Downtown Cincinnati Incorporated has reached an important milestone, celebrating its 20th anniversary in 2014. This special edition of the Annual Report is combined with our Annual State of Downtown Report to provide you with an important overview of downtown, including a fold-out timeline highlight-ing 20 years of revitalization.

But first, a look at 2013.

2013 was a year of unprecedented progress and change for downtown—from the openings of Boca, Sotto, Booksellers on Fountain Square, and Horseshoe Casino Cincinnati, to the relocations of Kao USA and Kolar Design to downtown. We see the promise of an exciting future with new Mayor John Cranley, new City Council Members, new Chief of Police Jeffrey Blackwell, as well as many other new civic leaders.

With progress and change, we also sharpened our focus on what has worked so well. The Downtown Cincinnati Improvement District was renewed for an-other 4-year term with record support from property owners. This ensures the focus on “safe and clean,” as the “price of entry” for development does not stop.

Anyone who has recently traversed the streets of downtown can see the promise of the future— dunnhumbyUSA, Mabley Place, Renaissance Hotel, and the Streetcar—there is construction just about everywhere. And soon the second phase of The Banks will begin. How we manage, execute, and communicate all of these projects will be important to sustaining our progress.

Downtown Cincinnati has become an internationally recognized symbol of urban progress. In 2013, dele-gations from Indianapolis, Louisville, Jacksonville, Washington D.C., Fort Wayne, Russia, and Ontario have visited to observe first-hand downtown’s accom-plishments. The Annual Report offers more details about our successes in 2013. In the next year, we look to the promise of the future as we develop a strategic plan for DCI, led by former Board Chair Jill Meyer and DCI Board member Greg Otis.

Downtown Cincinnati will soon be receiving even more exposure as we get ready to host the 2014 National Urban League conference this summer and the 2015 All-Star Game next summer.

It is important to recognize and thank the many partners who have worked diligently over the long-term to develop the downtown we see today. We thank the City of Cincinnati, Hamilton County, Cincinnati Center City Development Corporation, Downtown Cincinnati Improvement District, Cincinnati USA Regional Chamber, Cincinnati Police, Cincinnati USA Convention & Visitors Bureau, Regional Tourism Network, and many others. We also recognize the hard work and skilled service of the DCI Board of Directors and the DCI Staff—especially the DCI Ambassadors who have helped make down-town a safe, clean and welcoming experience during one of the most challenging winters in years.

Finally, we want to thank former Mayor Mark Mallory (honorary Chair of DCI) and City Manager Milton Dohoney, Jr. for their years of leadership and support. They truly made a difference and their partnership is deeply appreciated. At the same time, we congratulate new Mayor John Cranley and his acceptance of the role of honorary Chair of DCI. John is a passionate advocate for Cincinnati and was a key downtown partner during his years on City Council. We look forward to working with Mayor Cranley, the new City Council and the Administration to help them achieve their vision for downtown.

We know 2014 is going to be a banner year!

Mark T. Reitzes David N. GinsburgBoard Chair President and Downtown Cincinnati Inc. Chief Executive Officer Downtown Cincinnati Inc.

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Downtown DevelopMent Downtown Cincinnati developers reported completed projects totaling over $491 million last year. Redevelopment in the CBD and Over-the-Rhine continues with more than $930 million in projects under construction and proposed as of year-end 2013.

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PG. 5 2014 state of downtown rePort 2014 state of downtown rePort PG. 6

project name address type Investment Completion/ ($M) anticipated Completion1 bakery lofts 1421-1423 Race Street ReS $2.45 20132 boca/Sotto/Igby’s 114, 118 & 122 east Sixth Street Cee $17.80 20133 b-Side apartments 1437 Republic & 13 west 15th Street ReS $2.80 20134 Core Resources 1404 vine Street MIX $1.70 20135 horseshoe Casino 1000 broadway Cee $400.00 20136 hummel building 1401 elm Street MIX $1.70 20137 hyatt Regency hotel 151 west fifth Street Cee $23.00 20138 kao uSa office expansion 312 plum Street off $15.00 20139 nicolay 14th & Republic Streets MIX $2.34 201310 pure Romance 655 plum Street off $1.20 201311 Republic Street lofts 1406 & 1412 Republic Street ReS $2.40 201312 Rothenberg preparatory academy 241 east Clifton avenue Cee $16.90 201313 Smale Riverfront park (phase 2) Riverfront Cee $3.80 2013

14 1500 elm Street 1500 elm Street ReS $4.20 201415 617 vine Street (former enquirer building) 617 vine Street Cee $29.00 201516 at580 580 walnut Street MIX $40.00 201417 bartlett building 36 east fourth Street Cee $32.20 201418 broadway Square phase I broadway and twelfth Streets ReS $12.20 201519 Cincinnati Streetcar CbD/otR aCC $133.00 201620 Cintrifuse 1311-1315 vine Street MIX $13.60 201421 dunnhumbyuSa Centre fifth and Race Streets MIX $129.00 201522 emanuel Community Church 1308 Race Street off $1.00 201423 John weld peck federal building 550 Main Street off $34.00 n/a24 lancaster building, oskamp nolting building (Mill end Drapery), Robertson building 22-26 and 106 west Seventh Street ReS $17.50 201525 Mabley place fourth and Race Streets MIX $7.00 201426 Mercer Commons vine Street, between 13th and 14th Streets MIX $47.60 201427 park haus Scattered ReS $7.80 201428 Seven at broadway Seventh and broadway Streets ReS $21.00 201529 Smale Riverfront park (phase 3-4) Riverfront Cee $25.40 201530 tea Company townhomes 18-20 west 13th Street, 1307 Republic Street MIX $3.10 201431 westfalen II 1426-1438 Race Street MIX $8.60 2014

32 15th & vine 1425 - 1437 vine Street & 5 west 15th Street MIX n/a n/a33 15th & Race 15th and Race Streets MIX n/a n/a34 4th and Race tower 411 Race Street MIX $97.00 n/a35 abington flats 33 green Street ReS $4.00 201536 beasley place 1405 Republic Street ReS $2.80 201437 City of Cincinnati parking garage Sycamore Street between Seventh and eighth Streets MIX $11.50 n/a38 Cutter apartments Scattered Site, broadway, 12th and 13th Streets ReS $5.50 201539 fountain place apartments fifth and vine Streets ReS n/a n/a40 holiday Inn hotel broadway and Seventh Streets Cee $14.00 n/a41 lytle tunnel Renovation lytle park & I-71 aCC $31.60 201742 Music hall Revitalization 1243 elm Street Cee $95.00 201643 Smale Riverfront park (phase 5) Riverfront Cee $15.00 201544 taft’s ale house 1429 Race Street Cee $8.00 201445 the banks (hotel) Riverfront Cee n/a n/a46 the banks (phase 2) Riverfront MIX $70.00 201547 yMCa 1105 elm Street MIX $27.50 2015

note: Includes projects with an estimated investment amount of $1 million or more that are completed, under construction or proposed as of year-end 2013. Mixed use (MIX) categorizes developments with multiple uses, for instance, a building with retail on the ground floor, and office or residential above.

Completed projects proposed projectsunder Construction projects

Central Business District

Over-The-Rhine

Pendleton

$491M $382M$566M

1

2

34

5

6

7

8

9

10

11

12

13

32

33

34

35

36

38

39

40

43

46

41

44

47

42

45

37

14

15

16

17

18

19

20

21

22

23

24

25

2627

28

29

30

31

ACC = Access & Parking CEE = Cultural/Entertainment MIX = Mixed Use RES = Residentail (only) OFF = Office

MaJoR leaSe tRanSaCtIonS: CentRal buSIneSS DIStRICt

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leaSe tRanSaCtIonSTop lease transactions listed by Xceligent in 2013 included commitments from Pure Romance, APG Office Furnishings and Kolar Design, all new to downtown Cincinnati. Creative agency, Possible renewed its lease on West Third Street and several downtown companies, such as Raymond James & Associates, moved to new downtown locations.

offICe InventoRyColliers International reports that the inventory of rentable office space in the Central Business District, including owner-occupied offices, totaled 20,109,960 sq. ft. by year-end 2013. A positive net absorption for Class A and B office properties was reported and average rental rates increased slightly from the previous year.

RegIonal offICe InventoRy

CentRal buSIneSS DIStRICt InventoRy

PG. 7 2014 state of downtown rePort 2014 state of downtown rePort PG. 8

8,824,601 total sq. ft.7,777 sq. ft. net absorption

8,472,035 total sq. ft. 145,027 sq. ft. net absorption

2,813,324 total sq. ft. (29,565) sq. ft. net absorption

22% 13% 9%

78% 87% 91%

Class a

$22.23 per sq. ft.

Class B

$15.61 per sq. ft.

Class C

$13.30 per sq. ft.

Company location Sq. ft. type

pure Romance 655 plum Street 30,000 newpossible 302 west third Street 23,030 RenewalRegus pnC Center 14,465 newpromotion execution partners 151 west fourth Street (fourth & elm) 12,500 expansionDaymon worldwide 125 east Court Street 12,500 Relocation (l)*Ritter & Randolph one east fourth Street 11,323 Relocation (l)DeCosimo pnC Center 9,909 Relocation (l)Raymond James & associates pnC Center 9,896 Relocation (l)apg office furnishings, Inc. the edge 8,000 newSparkpeople the edge 7,500 newkolar Design 332 east eighth Street 7,224 Relocationvorys, Sater, Seymour and pease llp great american tower at Queen City Square 6,867 expansion

total 153,214

Inventory of vacancy average 2013 net Rentable Sq. ft. Rate Rental Rate absorption

blue ash 5,403,807 12.51% $16.18 156,305 CBD 20,109,960 16.29% $19.51 123,239

CbD - periphery 4,364,016 22.20% $17.81 (34,035)east 3,420,243 14.56% $14.03 16,751I-71 Corridor north (of I-275) 5,124,897 16.52% $15.96 125,953I-75 Corridor north (of I-275) 2,631,935 4.90% $13.95 108,837kenwood/Montgomery 2,361,522 8.62% $16.33 43,164Midtown 5,158,928 12.42% $17.92 116,574northern ky Riverfront 2,565,596 28.80% $19.52 42,605northern ky 7,072,277 15.42% $16.14 42,159tri-County 7,193,021 21.21% $13.74 63,116west 1,282,722 17.10% $17.84 83,590

Source: Xceligent, Inc. listed are the top twelve leases signed in the CbD in 2013, according to square feet. Start dates of occupancy vary. *(l) = local (within downtown)

Data provided by Colliers International, Q4 2013 the knowledge Report

Total Occupied Total Vacant

apg office furnishings brandi goins

offICe Rental RateSThe average rental rate in the Central Business District in 2013 was $22.23 for Class A properties, $15.16 for Class B properties, and $13.30 for Class C properties. The overall average rental rate in the CBD was $19.51, compared to an average of $17.17 across the region.

offICe vaCanCy RateSVacancy rates for office space in the Central Business District averaged 17.4% in 2013, compared to 18.3% in Cincinnati suburban markets, 13% in CBDs across the U.S. and 14.8% in U.S. suburban markets.

offICe vaCanCy RateS

2013 u.S. vaCanCy

offICe Rental RateS

2013 u.S. Rental RateS

25%

20%

15%

10%

$25

$20

$15

$10

Cincinnati CbD

Cincinnati Suburban

uS CbD

uS Suburban

CbD ClaSS a

CbD ClaSS b

CbD ClaSS C

average Regional Rental all Classes*

PG. 9 2014 state of downtown rePort

washington, DC $55.45new york City (Downtown Manhattan) $51.62boston $49.57houston $38.16Chicago $37.79los angeles $36.84Denver $32.12philadelphia $26.74portland $25.92Raleigh/Durham $23.92nashville $22.99Detroit $22.94Dallas $22.60Cincinnati $22.23atlanta $21.95Cleveland $20.72Columbus $19.66Indianapolis $18.95kansas City $18.86St. louis $18.01Memphis $17.56

Dallas 26.4%los angeles 19.7%Memphis 18.8%Detroit 18.1%Cincinnati 17.4%St. louis 17.4%Cleveland 17.2%atlanta 16.5%kansas City 14.4%new york City (Downtown Manhattan) 14.3%nashville 13.7%Chicago 12.9%houston 12.8%Denver 12.4%boston 11.9%philadelphia 11.5%Columbus 11.2%washington, DC 10.4%portland 9.6%Indianapolis 8.9%Raleigh/Durham 5.5%

Source: Colliers International knowledge Report Q4 2013 Cincinnati office and north america highlights Source: Colliers International knowledge Report Q4 2013 Cincinnati office and north america highlights. *avg. Regional Rental Rate estimated for years 2004-2006.

2004 2013

2004 2013

2014 state of downtown rePort PG. 10

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eMployMentThe downtown Cincinnati work force has grown by 3,085 jobs in the last two years. This includes over 1,850 new full and part-time permanent positions created by the opening of two new entertainment destinations, Horseshoe Casino, and 21c Museum Hotel. Expanding downtown companies dunnhumbyUSA and E.W. Scripps Company added close to 700 employees to their staffs. And businesses relocating to downtown such as KAO USA, Pure Romance, and Jedson Engineering brought nearly 500 jobs, contributing to an estimated current total of 64,400 positions in downtown Cincinnati.

live the residential population in the Central business District, over-the-

Rhine and pendleton neighborhoods is currently estimated at over 13,500, nearly double

the estimate reported in the first State of Downtown Report published in 2004 by Downtown

Cincinnati Inc. Developments such as the gramercy on garfield, the lofts at Shillito place,

Sycamore place at St. Xavier park, the Mcalpin on fourth, the banks, the Reserve at fourth

and Race, and loft-style redevelopment in over-the-Rhine have converted existing buildings,

as well as brought new construction to downtown. More than 380 additional units are in the

pipeline as demand for rental and for-sale units has exceeded supply in recent years. Many

of the factors contributing to the renewed interest in downtown living include the success

of findlay Market in providing groceries, the dedication of the Cincinnati police Department,

and the Downtown ambassadors in enhancing the clean and safe environment, as well as the

efforts of the Downtown Residents’ Council in promoting the interests of residents.

PG. 11 2014 state of downtown rePort

Sources for employment estimates are the City of Cincinnati Department of trade & Development and ontheMap, an application from the u.S. Census bureau longitudinal employer-household Dynamics (lehD) program, in partnership with state labor market information agencies. ontheMap data was available for year 2011 at the time of publication of this report.

CentRal buSIneSS DIStRICt foRtune 500 CoMpanIeS

the kroger Company (no. 23)

procter & gamble (no. 28)

Macy’s, Inc. (no. 109)

fifth third bancorp (no. 361)

omnicare (no. 416)

western & Southern financial (no. 471)

american financial group (no. 485)

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Downtown populatIonSince Downtown Cincinnati Inc. began tracking the residential population in 2004, the estimated population has increased from 6,962 to over 13,500. As of 2013, 41% of all residents live in the CBD, 52% live in Over-the-Rhine, and 7% live in the Pendleton neighborhood.

eStIMateD populatIon*

populatIon hIStoRy

PG. 13 2014 state of downtown rePort

ReSIDentIal unItS anD oCCupanCyThere were an estimated 8,777 total residential units downtown, with 618 units under construction at year-end 2013. Occupancy and average rent for rental developments remained steady in 2013, according to a survey of major downtown rental developments by Apartment Realty Advisors.

CentRal buSIneSS DIStRICt Rental pRopeRtIeS

Rental oCCupanCy

Downtown ReSIDentIal unItS

2004

2013

CoMpleteD unItS

unDeR ConStRuCtIon

2014 state of downtown rePort PG. 14

*2013 Downtown population is based on the 2010 u.S. Census, with the addition of new units completed in years 2011-2013 x average residents per unit.

6,962

47% 59%

53% 41%

6188,777

13,521

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The Banks

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Way(road closed) Road Closed

total number of properties Surveyed 16

total number of units Surveyed 2,424

average number of units/property 152

average rent/unit $1,210.00

average rent/sq. ft. $1.28

Source: apartment Realty advisors semiannual survey of the multifamily investment market, reported october 2013. 11 of 16 surveyed properties shared occupancy information. Central business District includes six properties in nky and Mt. adams. weighted occupancy is 95.8%.

Central Business District

Over-The-Rhine

Pendleton

Central Business District

Over-The-Rhine

Pendleton

Central Business District

Periphery

96%

53%

27%

39%67%

8%

6%

7,023

5,598

900

PG. 15 2014 state of downtown rePort 2014 state of downtown rePort PG. 16

ReSIDentIal unIt pRICeSSale prices increased over 2012, with an average price of $327,740 for condominium sales in the Central Business District. Home sales in Over-the-Rhine averaged $291,034.

CentRal buSIneSS DIStRICt

oveR-the-RhIne

penDleton

$450,000

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

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Source: Cincinnati Multiple listing Service (MlS)

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Condominiums

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Single Family Homes

ReSIDentIal unIt SaleSThe Multiple Listing Service of Greater Cincinnati reports that residential unit sales remained steady in the CBD in 2013, while there was an increase in sales of condominiums in Over-the-Rhine and Pendleton over the previous year.

CentRal buSIneSS DIStRICt

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Source: Cincinnati Multiple listing Service (MlS)

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Condominiums

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Condominiums

Single Family Homes

Condominiums

Single Family Homes

lIvelIve

Safe anD CleanThere were 39% fewer crimes in the CBD in 2013 than in 1999, as reported by the Cincinnati Police Department. Positive results of the Litter Index performed by Keep Cincinnati Beautiful for the CBD, Over-the-Rhine, and Pendleton are consistent with previous years.

CentRal buSIneSS DIStRICt CRIMe

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peRCeptIonSKey perceptions of downtown remain high. Of survey respondents, 82% have an overall positive impression of downtown and 84% say downtown Cincinnati is somewhere they like to take out-of-town guests, according to the 2013 survey conducted by LaVerdad Marketing.

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100%

80%

60%

40%

20%

0%

Source: 2013 perceptions Survey conducted by laverdad Marketing & Media for Downtown Cincinnati Inc. for more detailed findings, visit downtowncincinnati.com

PG. 17 2014 state of downtown rePort 2014 state of downtown rePort PG. 18

Downtown lItteR InDeX

EXTREMELY LITTEREDNOT LITTERED

OTR

1.1 CBD

1.0 PENDLETON

1.1

note: litter Index developed and conducted by keep Cincinnati beautiful, Inc., an affiliate of keep america beautiful, Inc. Indices performed monthly; data reflects yearly averages.

1.0 4.0

1999 2013

Part 1 Crime: more serious crimes, but includes crimes such as shoplifting, with no use of force or violence

Part 2 Crime: Quality of life crimes, which include aggressive panhandling and vandalism percentage of Survey Respondents

fountain Square Courtesy of the Cincinnati uSa Regional Chamber taste of Cincinnati Courtesy of the Cincinnati uSa Regional Chamber

l IvelIve

ReSIDentIal aMenItIeSThe Downtown Residents’ Council meets monthly, connecting residents to resources and leading volunteer efforts in downtown beautification projects such as the holiday decoration of Piatt Park. Fido Field, the Strauss Troy Market on the Square, and Smale Riverfront Park have added to the amenities for residents who have helped to make downtown a 24/7 neighborhood in recent years.

play Downtown Cincinnati has become increasingly popular as a destination

for visitors since 1994. the aronoff Center for the arts, the Duke energy Convention Center,

the Contemporary arts Center, new stadiums for the Reds and the bengals, the national under-

ground Railroad freedom Center, the banks, 21c Museum hotel, and a redeveloped fountain

Square, have expanded offerings for locals and out-of-town guests in the last twenty years.

In 2013, horseshoe Casino and the new washington park, hosting lumenocity among many

diverse events, attracted new audiences to downtown. newly opened retailers and restaurants

in 2013 such as boca, Sotto, obscura, and booksellers on fountain Square added to a unique

retail mix. having welcomed guests from around the world for the 2012 world Choir games,

downtown fans look forward to 2015 when the all-Star game promises to shine a national

spotlight on a transformed downtown.

PG. 19 2014 state of downtown rePort

Smale Riverfront park 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com

Strauss troy Market on the Square thadd fiala

Collective espresso travis estell

piatt park holidays brian Spitzig

hya

tt R

egen

cy C

inci

nnat

i th

add

fial

a

l Ive

2013 new Downtown eStablIShMentS

DInIng

ShoppIng

SeRvICeS

play play

new RetaIlOver 40 new retail, restaurant, and service establishments opened downtown in 2013, including a poster gallery, a bookstore, a fitness club and medical care facility, a men’s fashion store, a brewery, a French café, an upscale cocktail lounge, and an all-you-can-eat buffet large enough to seat 400 hungry guests.

PG. 21 2014 state of downtown rePort 2014 state of downtown rePort PG. 22

1 601 nightclub 601 Main Street

2 bobby’s burger palace 1000 broadway Street

3 boca 114 e. Sixth Street

4 burrito el Charco 52 e. Court Street

5 Cafe Italia 1000 broadway Street

6 Cafe lang thang 1106 Race Street

7 el Coyote 41 e. Sixth Street

8 french Crust 915 vine Street

9 graeter’s 1401 vine Street

10 holtman’s Donuts 1332 vine Street

11 Jack binion’s Steak 1000 broadway Street

12 Jefferson Social 101 e. freedom way

13 Jimmy buffett’s Margaritaville Restaurant 1000 broadway Street

14 Jimmy John’s 171 e. freedom way

15 lala’s blissful bites 619 Main Street

16 lori beth’s 720 e. pete Rose way

17 lucy blue pizza 1126 Main Street

18 Mimi’s egg Rolls 1801 Race Street

19 obscura 645 walnut Street

20 prime 47 580 walnut Street

21 Red Roost tavern 151 w. fifth Street

22 Rhinegeist 1910 elm Street

23 Rhinehaus 119 e. twelfth Street

24 Rock bar and lounge 1000 broadway Street

25 Salazar 1401 Republic Street

26 Sotto 118 e. Sixth Street

27 Starbucks Coffee 1000 broadway Street

28 Sweet petit Desserts 1426 Race Street

29 the eagle otR 1342 vine Street

30 the Spread buffet 1000 broadway Street

31 top of the park 506 e. fourth Street

32 vyrsd Social Room 435 elm Street

33 wg kitchen & bar 161 e. freedom way

34 yard house 55 e. freedom way

35 Zula 1400 Race Street

42 Downtown Mercy healthplex 221 e. fourth Street

43 frenchman’s Shoe Repair 602 Main Street

36 article 1150 vine Street

37 booksellers on fountain Square 505 vine Street

38 Cheers to art 1109 vine Street

39 Jack wood gallery 1413 vine Street

40 Rookwood pottery Company Store 1209 vine Street

41 the Market 151 w. fifth Street

29

1

2

3

4

56

7

8

910

11

12

13

32

3334

35

43

42

3638

39

40

41 37

14

15

16

17

18

1920

21

22

23

24

25

26

27

28

30

31

PG. 23 2014 state of downtown rePort 2014 state of downtown rePort PG.24

DInIng

277

44%

28%

48%

19%28%

Downtown RetaIl oCCupanCy

CentRal buSIneSS DIStRICt RetaIl

2004

417 574

2013

RetaIl CoMpoSItIon anD oCCupanCyThere were over 570 retail establishments in all of downtown Cincinnati in 2013, a 38% increase over establishments tracked by Downtown Cincinnati Inc. in 2004. According to CBRE, retail occupancy in the Central Business District was 97%, with sales per square foot averaging $93 and average rent per square foot at $17.59.

SeRvICeS

111

ShoppIng

186

bars/nightclubs

Coffee/bakeries/Ice Cream

lunch Restaurants

2013

private Dining facilities

full fare Restaurants

fast Casual Dining

2013

beauty

fitness/health

eyewear

pets

bike Repair

pets

libraries

funeral

florists/wedding

City tours

Car/bike Rentals

auto/bike/home Repair

2013

antiques/auction houses

apparel/Shoes/accessories

beer/wine/liquor

Department Stores/Malls

galleries

gifts/books/novelty

pharmacies/newsstands

grocery/Convenience Markets

Jewlery/furs

home furnishings/art

3,500,000

3,000,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

02004 2013

Source: CbRe, Data provided for zip code 45202 for retail occupancy

Squ

are

Feet

base Square feet

occupied Square feet

Shopping

Services

Dining

96

.9%

3,0

31

,71

2

33%

play play

ConventIonSThe Cincinnati USA Conventions & Visitors Bureau hosted 204 meetings and conventions which resulted in 219,855 hotel room nights booked in 2013, with an economic impact of $66 million. The number of downtown Cincinnati meetings and conventions per year has increased by 28%, while hotel room nights booked has increased by 75%, since 2004.

gRoup RooM eConoMIC IMpaCt nIghtS (In MIllIonS)*

educational testing Service 21,562 $6.43

fraternal order of police grand lodge 15,429 $4.60

american Counseling association 5,985 $1.78

Society of plastics engineers 2,973 $0.89

Cincinnati Insurance Companies 2,935 $0.87

the procter & gamble Company 2,763 $0.82

futuRe ConventIonS bookeD In 2013

ConventIon hIghlIghtS In 2013 (by total hotel RooM nIghtS)

gRoup RooM event nIghtS DAtE

educational testing Service 23,174 2017

educational testing Service 23,174 2018

Church of god in Christ 10,101 2016

national Square Dance Convention 5,974 2017

full gospel baptist Church fellowship International, Inc. 5,060 2017

the Church of the brethren 4,406 2018

Rejuvenate 4,057 2017

RooM nIghtS anD MeetIngS bookeD

eConoMIC IMpaCt

PG. 25 2014 state of downtown rePort 2014 state of downtown rePort PG. 26

$80M

$70M

$60M

$50M

$40M

$30M

$20M

$0M

$6

6M

250

200

150

100

50

0

204

21

9,8

55

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

02004

2004

2013

2013

Meeting booked

Room nights

economic Impact of Cvb room nights booked

Duke energy Convention Center Courtesy of the Cincinnati uSa Convention & visitors bureau

Source: economic Impact (or estimated Direct attendee Spending) is calculated by the Conventions & visitors bureau as the product of room nights booked and the estimated spending rate per person provided by DMaI (Destination Marketing association International).

play play

Downtown hotel RooMS

hotelSDowntown Cincinnati offers nine full-service hotels ranging in size from the unique six-roomSymphony Hotel near Music Hall to the Millenium Hotel Cincinnati, which features 872 roomsand is connected to the Duke Energy Convention Center. The 21c Museum Hotel is the newestaddition to downtown, following the 2011 opening of the Residence Inn Cincinnati Downtown at the renovated Phelps Building. In 2013, the Hyatt Regency Cincinnati completed a $23 millioninterior renovation, adding new rooms, the Red Roost Tavern, and The Market. Currently underconstruction are the Renaissance Hotel, Hampton Inn, and Homewood Suites, which will provide an additional 575 rooms, all scheduled to open by 2015.

hotel oCCupanCy anD RateS Downtown hotel occupancy fell just below the national average in 2013, while rates and revenue per available room continued to lead the regional market, averaging $79.30 in downtown Cincinnati. The average rate for a downtown Cincinnati hotel room in 2013 was $131.64, compared to $95.15 in Greater Cincinnati, $90.54 in Cincinnati USA, and $110.33 in hotels across the U.S.

hotel oCCupanCy — yeaR enD 2013

Source: local hotel occupancy and rate data provided by Cincinnati uSa Convention & visitors bureau through year 2013. national rates provided by pricewaterhouseCoopers hospitality Directions Report, Jan 2014, *RevpaR, or revenue per available room, is a performance metric in the hotel industry, which is calculated by multiplying a hotel’s average daily room rate (aDR) by its occupancy percentage.

gr. CincinnatiDowntown National

57% 60% 58% 62%

hotel RevpaR*

Cincinnati uSa(oh-ky-In)

hotel RooM RateS

hotel oCCupanCy

PG. 27 2014 state of downtown rePort 2014 state of downtown rePort PG. 28

$100

$80

$60

$40

$160

$140

$120

$100

$80

100%

90%

80%

70%

60%

50%

Downtown

gr. Cincinnati

Cincinnati uSa(oh-ky-In)

National

Downtown

gr. Cincinnati

Cincinnati uSa(oh-ky-In)

National

Downtown

gr. Cincinnati

Cincinnati uSa(oh-ky-In)

National

60%57%58%62%

$132$95$91

$110

$79$54$52$69

2004 2013

2004

2004

2013

2013

Millenium hotel Cincinnati

21c Museum hotel

hilton Cincinnati netherland plaza

hyatt Regency Cincinnati

the Cincinnatian hotel

the Symphony hotel

the Residence Inn Cincinnati Downtown

garfield Suites hotel

westin hotel Cincinnati872

561491

456

152

6146

132

156

2,972

play play

loCal favoRIteS1,000 to 19,999

MIDSIZe20,000 to 99,999

enteRtaInMent Downtown arts, culture, sports, and recreation venues reported an overall annual attendance of more than 16.5 million visitors. Cincinnati favorites like the Cincinnati Opera, the Taste of Cincinnati, and Oktoberfest drew larger crowds than the previous year, while Bunbury Music Festival, Bockfest, and Go OTR 5K Summer Celebration grew in popularity.

MoSt vISIteD1 million to 5 million

hIghly attenDeD100,000 to 999,999

PG. 29 2014 state of downtown rePort 2014 state of downtown rePort PG. 30

908,534

800,000

750,000

713,138

600,000

550,000

511,220

500,000

250,000

225,648

200,000

187,666

185,601

175,683

169,660

167,000

135,643

125,567

Cincinnati Museum Center

Riverfront Daily park users

washington park

Cincinnati bengals

oktoberfest Zinzinnati

taste of Cincinnati

uS bank arena

Riverfront events/Cincinnati park board

Riverfest

Cincinnati Symphony orchestra/Cincinnati popS

pnC Summer Music Series

krohn Conservatory

Cincinnati art Museum

fifth third bank broadway across america – Cincinnati

Cincinnati playhouse in the park

Cincinnati arts association

taft theatre

national underground Railroad freedom Center

4,200,000

2,492,059

1,266,580

1,086,580

Children’s theatre of Cincinnati

bunbury Music festival

Cincinnati ballet

taft Museum of art

u.S. bank Ice Rink

Contemporary arts Center

ensemble theatre Cincinnati

Cincinnati opera

Midpoint Music festival

bluesfest

Macy’s light up the Square

Cincinnati Shakespeare Company

bockfest

School for Creative & performing arts

Showboat Majestic

Macy’s Downtown Dazzle

huntington bank new year’s blast

Cincinnati brew ha-ha

black family Reunion

Cincy Cinco

Second Sundays on Main

Cincinnati May festival

fire Museum of greater Cincinnati

Cincinnati fringe festival

know theatre of Cincinnati

go otR 5k Summer Celebration

Macy’s art Sampler (hosted by artswave)

Mercantile library

lloyd library

the betts house

81,002

60,000

56,148

50,999

50,000

48,568

33,384

27,194

27,000

25,000

25,000

22,447

20,000

15,371

15,122

15,000

15,000

12,000

11,500

10,000

10,000

9,934

8,517

8,449

7,785

5,000

4,100

3,431

1,530

1,430

horseshoe Casino

Cincinnati Reds

Main library/public library of Cincinnati & hamilton County

findlay Market

play play

access and transit Means of access and transit to, from, and around downtown Cincinnati have expanded in

recent years. bus service has improved with the renovation of government Square in 2006

and new and improved routes and ticketing options from Metro. Megabus now provides express,

direct bus service to multiple cities from downtown Cincinnati. the 2001 opening of the purple

people bridge and walking routes from go vibrant have added to the walkability of downtown.

the redesign of fort washington way, completed in 2000, along with the proposed expansion

of I-75 and rebuilding of the brent Spence bridge promise better connectivity by automobile.

the Cincinnati Streetcar, with an expected 2016 opening, is designed to provide easy access

to all points along its route, connecting the Central business District to over-the-Rhine.

PG. 31 2014 state of downtown rePort

walkS anD RunSFundraising walks and runs boosted visitation to downtown Cincinnati on the weekends. Among others, Cincinnati’s renowned Flying Pig Marathon registered more than 35,000 participants for its 15th annual event May 2-4, 2013. The Flying Pig alone raised more than one million dollars for over 200 charities last year.

Cincinnati; flying pig Marathon Michael e. anderson, Courtesy of game Day Communications

little kings Mile Michael e. anderson, Courtesy of game Day Communications purpleStride larry glaser, Courtesy of the pancreatic Cancer action network

heart Mini Marathon David long, Courtesy of the american heart association

otR 5k photography for the peopletQl urban Race 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com

Cin

cinn

ati S

tree

tcar

Con

stru

ctio

n tr

avis

est

ell

pl ay

Monthly paRkIngDowntown Cincinnati Inc. tracked nearly 36,400 total monthly parking spaces in 2013 in the Central Business District, Over-the-Rhine, and Pendleton. Of these, approximately 12% were available at an average of $89 per month.

alteRnatIve tRanSpoRtatIonIn 2013, Metro introduced its go*Forward transit plan and Metro*Plus route with faster service and limited stops between Kenwood and downtown. Following a pause in construction as funding was studied, development of the Cincinnati Streetcar resumed with ridership scheduled to start 2016. Plans were set in motion for a new bike share program with 21 stations and 200 bikes in the CBD and Over-the-Rhine, scheduled to begin summer 2014.

Downtown Monthly paRkIng

note: Reflects price per available space at year end for monthly parking in garages and lots surveyed in the Central business District, over-the-Rhine and pendleton.

Mercer Commons garage Courtesy of Downtown Cincinnati Inc.

PG. 33 2014 state of downtown rePort 2014 state of downtown rePort PG. 34

ACCESS ACCESS

$160

$140

$120

$100

$80

$60

$40

$20

$0

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

36

,39

8

$89

2004 2013

Metro*plus Courtesy of Cincinnati Metro Cincinnati Streetcar Courtesy of travis estell

urban basin bicycle Club 5chw4r7z, Courtesy of 5chw4r7z.blogspot.com walkers at fifth and vine Courtesy of Downtown Cincinnati Inc.

Reserved Monthly Spaces

available Monthly Spaces

average available Monthly price

35 East Seventh Street, Suite 202 Cincinnati, OH 45202 513.421.4440

the MISSIon of Downtown CInCInnatI InC.

IS to buIlD a DynaMIC MetRopolItan CenteR

valueD aS the heaRt of the RegIon.

www.downtowncincinnati.com