Downtown Cincinnati Inc. (DCI) released its ninth annual State of
Downtown Report on Tuesday.
The 2012 report provides a comprehensive profile of
downtown, highlighting measurements in the areas of: development,
entertainment, transportation, retail, and office and residential information.
In 2012, one
park opened and another reopened. Smale Riverfront Park and Washington Park
together added 47 acres of green space to downtown and Over-the-Rhine. 59 new
businesses opened last year, including Metropole at the 21c Museum Hotel and
Reser Bicycle Outfitters in Over-the-Rhine. The estimated attendance at
cultural and sporting events and festivals totaled 13,409,122, a 15% increase
from 2011. More than $574 million in projects were under construction and
scheduled for completion by 2014. Crime has been trending downward, with an
overall reduction of 34% in the last ten years.
for working in, living in and visiting downtown Cincinnati were expanded in
2012," said Gina Gartner, DCI's Director of Research and Information.
"From the banks of the Ohio River to historic Over-the-Rhine, visitors,
workers, and residents alike are experiencing an active and vibrant
and Restaurants Update
establishments opened downtown and in Over-the-Rhine in 2012. New restaurants
included Panera Bread and WG Kitchen & Bar; Igby's and Local's Bar &
Grill added to the list of night spots; and Left coast Modern Cincinnati and
Queen City Wine and Spirits augmented shopping options.
Crime in the
Central Business District (CBD) has been trending downward for the past 10
years, with an average reduction of 9% in 2012 in Part 1 and Part 2 crimes over
the previous year. There were 46% fewer burglaries, 18% fewer assaults, and 11%
fewer thefts compared to 2011.
Culture, Sports and Entertainment
The largest international
event in Cincinnati's history took place during the 2012 World Choir Games.
Attendance at more than 200 choral events topped 208,000. Estimated attendance
in 2012 at theaters, cultural attractions, sports and recreation venues,
festivals and events totaled 13,409,122, a 15% increase compared to 2011.
projects totaled $185 million in investment in 2012 including the 21c Museum
Hotel, Washington Park and Garage, and the Phyllis W. Smale Riverfront Park
(Phase 1.) Additional projects, totaling $574 million, are currently underway.
The redevelopment of the 580 Building at Sixth and Walnut Streets to a
mixed-use of residential, office and entertainment space, and the new
construction of the dunnhumbyUSA Centrex at Fifth and Race Streets are just two
of many projects on the horizon.
The Reserve at
Fourth and Race opened in November 2012 and rented its 88 upscale apartments in
record time. 103 condominiums were sold in 2012 in the CBD, Over-the-Rhine and
Pendleton, compared to 58 in 2011. The estimated downtown residential
population reached 13,401.
At least 1,091
new jobs were created in 2012 with the relocation of KAO USA, the opening of
21c Museum Hotel, and Mahogany's at The Banks, among others. Major lease
transactions in 2012 totaled 151,673 square feet, 58% of which represented new
businesses. There were an estimated total 61,308 employees in the CBD,
Over-the-Rhine, and Pendleton.
rates in the CBD decreased by 11% in 2012, while daily parking rates remained
at the same level as in 2011. Available and reserved downtown parking spaces
increased by 444 to 36,917 spaces. Metro rider ship increased by 4.2% in 2012.
ZipCar made six shared cars available downtown. Finally, Metro installed
real-time arrival and departure update boards at Government Square.