Leading, Slipping, Gaining, Lagging Analysis:
Assessing Real Estate and Rental and Leasing Earnings Growth
Across Ohio Counties
Real* Real Estate and Rental and Leasing
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Real Estate and Rental and Leasing
Earnings Growth
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real real estate and rental and leasing earnings growth across all of Ohio's 88 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Ohio Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real real estate and rental and leasing earnings growth of Ohio's 88 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Real Estate and Rental and Leasing
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Real Estate and Rental and Leasing
Earnings Growth
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
This figure displays the 88 counties of Ohio as dots on a scattergram, with the vertical axis representing the average annual real real estate and rental and leasing earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real real estate and rental and leasing earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real real estate and rental and leasing earnings growth exceeded the statewide average of 0.22%, by portraying them in the top two quadrants demarcated at 0.22% on the vertical axis. County whose long-term average annual real real estate and rental and leasing earnings growth rate trailed the statewide average (0.22%) are distributed in the bottom two quadrants. In all, 70 counties surpassed the statewide average over 2010-2022, while 10 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 25 counties whose most recent (2022) real real estate and rental and leasing earnings growth rate exceeded the statewide average (-1.13%). The two quadrants on the left feature those 55 counties whose real real estate and rental and leasing earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 88 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 0.22% over 2010-2022 and -1.13% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real real estate and rental and leasing earnings growth rate surpassed the statewide average both long-term (0.22%) and near-term (-1.13%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real real estate and rental and leasing earnings growth rate exceeded the statewide average (0.22%), but whose near-term growth has "slipped" by falling below the Ohio average (-1.13%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real real estate and rental and leasing earnings growth rate fell below the statewide average (0.22%), but whose near-term growth has "gained" by registering above the average (-1.13%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real real estate and rental and leasing earnings growth rate fell under the statewide average both long-term (0.22%) and near-term (-1.13%).
   
 
Summary of Ohio's 88 County Totals
 
Short Term Average
 
 
Below
(-1.13%)
Above
(-1.13%)
 
Long
Term
Average
Above
(0.22%)
47
23
70
Below
(0.22%)
8
2
10
 
55
25
80
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Ohio counties classified as Leading. These counties surpassed Ohio's average annual real real estate and rental and leasing earnings growth both long-term (2010-2022 = 0.22%) as well as near-term (2022 = -1.13%). Each is identified by its corresponding ranking based on it's average annual real real estate and rental and leasing earnings growth rate over 2010-2022.
Of Ohio's 88 counties, 23 (26%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
This figure depicts the distribution of the 47 Ohio counties classified as Slipping (top-left quadrant), in that their long-term average annual real real estate and rental and leasing earnings growth rate outpaced the average statewide (2010-2022 = 0.22%), while they trailed the statewide average near-term (2022 = -1.13%). Again, each county is identified by it's corresponding ranking based on its average annual real real estate and rental and leasing earnings growth rate over 2010-2022.
Observe that 47 (53%) of Ohio's 88 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
This figure shows the distribution of the 2 Ohio counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real real estate and rental and leasing earnings growth rate posted below the average statewide (2010-2022 = 0.22%), while they outpaced Ohio's average near-term (2022 = -1.13%). Again, each county is identified by its corresponding ranking based on its average annual real real estate and rental and leasing earnings growth rate over 2010-2022.
Of Ohio's 88 counties, only 2% (2) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Ohio:
2010-2022 = 0.22%
2022 = -1.13%
This figure depicts the distributions of the 8 Ohio counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real real estate and rental and leasing earnings growth both long-term (2010-2022 = 0.22%) as well as near-term (2022 = -1.13%). Again, each county is identified by its corresponding ranking based on it's average annual real real estate and rental and leasing earnings growth rate over 2010-2022.
9% of Ohio's counties, 8 of 88, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Ohio
Real* Real Estate and Rental and Leasing Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
47
2.95
 
12
4.76
22,213
 
21
6.62
 
13
4.74
31,969
 
45
2.98
 
4
10.16
172,412
 
9
9.73
 
2
12.43
8,527
 
66
0.81
 
25
-1.02
36,927
 
27
5.74
 
8
6.58
3,483
 
28
5.54
 
7
7.89
137,982
 
23
6.31
 
20
1.04
36,586
 
5
10.59
 
15
2.70
78,014
 
31
5.09
 
3
12.19
11,569
 
29
5.35
 
26
-1.06
67,419
 
39
4.02
 
10
5.53
806,837
 
65
1.02
 
23
0.02
45,809
 
24
6.21
 
24
-0.60
5,486
 
2
14.73
 
9
5.66
11,895
 
32
5.01
 
18
2.29
90,500
 
8
9.75
 
19
2.09
69,860
 
68
0.50
 
21
0.12
160,663
 
19
7.21
 
16
2.64
2,833
 
54
1.99
 
17
2.45
33,291
 
55
1.90
 
5
9.47
222,438
 
49
2.67
 
27
-1.10
39,878
 
11
9.44
 
6
9.45
20,848
Slipping Counties
 
51
2.44
 
79
-11.41
2,445
 
63
1.26
 
64
-6.30
41,123
 
64
1.17
 
37
-2.91
19,517
 
1
65.48
 
57
-5.22
42,928
 
38
4.19
 
76
-9.81
5,536
 
16
8.08
 
83
-16.07
10,103
 
30
5.25
 
31
-1.54
95,032
 
56
1.88
 
29
-1.23
20,786
 
69
0.49
 
67
-6.48
11,036
 
52
2.30
 
68
-6.55
9,947
 
40
3.84
 
61
-5.54
17,706
 
10
9.58
 
58
-5.26
25,021
 
20
6.62
 
33
-1.87
10,810
 
50
2.45
 
66
-6.48
6,238
 
41
3.35
 
72
-8.18
10,944
 
60
1.58
 
36
-2.67
6,368
 
13
8.60
 
35
-2.41
9,471
 
25
6.00
 
70
-7.63
24,389
 
42
3.34
 
50
-4.61
24,078
 
17
7.63
 
75
-8.92
19,786
 
46
2.97
 
32
-1.84
107,872
 
33
4.94
 
45
-3.79
76,348
 
15
8.13
 
80
-12.98
27,003
 
14
8.26
 
59
-5.30
581,132
 
43
3.24
 
78
-11.19
9,459
 
12
9.41
 
62
-5.72
3,281
 
26
5.84
 
74
-8.70
28,635
 
37
4.26
 
34
-2.03
37,142
 
22
6.42
 
56
-5.21
4,986
 
35
4.40
 
48
-4.25
30,429
 
57
1.79
 
54
-5.17
17,917
 
58
1.73
 
73
-8.19
2,041
 
4
11.39
 
65
-6.36
5,489
 
6
10.06
 
82
-15.70
12,987
 
7
10.00
 
51
-4.61
8,559
 
70
0.38
 
71
-7.92
9,930
 
59
1.65
 
30
-1.31
13,262
 
61
1.56
 
42
-3.40
26,205
 
18
7.61
 
44
-3.77
16,701
 
67
0.66
 
69
-7.63
27,739
 
53
2.12
 
28
-1.21
177,053
 
48
2.84
 
43
-3.63
136,292
 
3
11.48
 
46
-3.85
126,097
 
44
3.13
 
47
-4.19
24,547
 
62
1.29
 
41
-3.37
37,645
 
34
4.81
 
39
-3.21
81,636
 
36
4.37
 
53
-5.07
6,481
Gaining Counties
 
78
-4.84
 
22
0.04
87,576
 
75
-1.38
 
1
31.97
24,881
Lagging Counties
 
72
-0.15
 
40
-3.32
61,197
 
71
0.15
 
84
-16.40
9,490
 
79
-26.59
 
85
-145.94
-12,861
 
76
-2.25
 
52
-4.76
301,739
 
77
-4.13
 
55
-5.21
3,367
 
80
-72.19
 
38
-3.16
17,493
 
73
-0.31
 
63
-6.12
7,469
 
74
-1.09
 
49
-4.51
16,982
Undefined/Suppressed Counties
 
U
U
 
77
-9.85
12,556
 
U
U
 
11
5.01
8,281
 
U
U
 
14
4.67
15,121
 
U
U
 
81
-13.71
4,727
 
U
U
 
S
S
590
 
U
U
 
S
S
S
 
U
U
 
60
-5.46
10,258
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
0.22
 
-1.13
4,738,556
 
 
 
 
 
 
 
 
 
8.71
 
1.66
389,364,000
November 2023
REAP_PI_CA1600N_611100_LSGL
 
   
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