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Cummins boom drives up demand for apartments

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A hiring boom at Columbus-based diesel engine maker Cummins Inc. and the economic recovery are leaving many people in search of apartments out in the cold in Columbus.

Demand for apartments is so high that many complexes are nearly full, and many have waiting lists, The Republic reported. That's forcing some apartment hunters to wait up to three months before getting a place.

Columbus added jobs at a faster rate last year than any other metropolitan area in the United States. The boom is being driven by Cummins, the Bartholomew County's largest employer. The company announced last summer that it would hire an additional 600 professional employees.

Many of those arriving are young adults looking for apartments with amenities such as swimming pools and exercise rooms, said Brad Grayson, president of the Bartholomew County Landlord Association. The group represents 400 landlords.

Even those who prefer renting a house are having difficulty finding rental homes in the $1,000 to $1,500 range, Grayson said.

Landlords welcome the bustling market after the lean years of the recession, in which many struggled to keep properties occupied. The higher demand also has driven up rental rates in the last 12 to 18 months, said Belinda Graber, owner and chief appraiser of Columbus-based Appraisers Inc.

There is some relief in sight for apartment hunters. Two new complexes, with a total of 186 units, are under construction.

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  1. If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.

  2. John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.

  3. I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.

  4. Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.

  5. David Copperfield!

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