Tax reform could encourage renting over owning in Columbus

Tax reform could make it more lucrative to rent in Columbus, a recent study suggests.

Brokerage firm CBRE released a report this month that found changes to the standard deduction are poised to benefit renters in 29 of the largest 35 markets in the United States, including Columbus. That's good news for the multifamily investment market and also likely to continue the trend of Columbus becoming a renter-dominated city.

Specifically, the Tax Cuts and Jobs Act passed into law late last year made…

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