Biotech Boom: How Amgen’s $1.4B Investment Is Elevating Columbus, Ohio's Real Estate

Biotech Boom: How Amgen’s $1.4B Investment Is Elevating Columbus, Ohio's Real Estate

By Cece Miller | Cece-Miller.com | Luxury Real Estate with Timeless Values

When most people think of biotech, they picture the coasts. But a quiet revolution is happening right here in Central Ohio. With Amgen’s $1.4 billion expansion in New Albany, Columbus is stepping confidently onto the global stage—and smart homeowners and investors are taking notice.

Amgen, one of the world’s leading biotechnology firms, chose New Albany for its state-of-the-art manufacturing and packaging facility—its largest U.S. investment in recent years. This expansion will generate over 750 high-paying jobs and add nearly 300,000 square feet of advanced biomanufacturing space, making it a cornerstone of Ohio’s growing life sciences corridor.

Amgen's continued investment in Ohio underscores the state's supportive business climate, skilled workforce, and strategic location, making it an ideal choice for this next phase of the company's investment .

The expansion is expected to have a significant impact on the local economy, creating high-paying jobs and supporting families in the region. Amgen's new facility in New Albany is designed to meet the highest level of environmental sustainability standards and incorporates the latest innovations in smart manufacturing.  The company's investment in Ohio is part of its broader strategy to enhance its manufacturing offerings in the U.S. The Ohio expansion is part of Amgen’s worldwide biomanufacturing network.

Amgen's continued growth in New Albany highlights the region’s ability to attract and support world-class biotech and biopharmaceutical operations. Ohio Governor Mike DeWine praised Amgen's continued presence as “a testament to the strength of Ohio’s economic foundation” and highlighted the company's role in driving innovation and job growth.

Why Does This Matter for Real Estate?

Amgen’s presence is more than a business headline—it’s a catalyst for real estate transformation. Here’s what it means for homeowners, sellers, and investors:

  • Rising Demand for Housing: Highly skilled biotech professionals relocating to the area will drive demand for executive-level homes in New Albany, Westerville, Gahanna, and Granville.

  • Luxury with a Purpose: Buyers in biotech tend to seek high-quality, sustainable homes that reflect both prestige and practicality—think smart technology, wellness design, and privacy.

  • Increased Property Values: Proximity to a major employer like Amgen typically boosts long-term property value, especially in traditionally stable neighborhoods with limited inventory.

  • New Construction Opportunities: Expect luxury builders and developers to seize on the need for high-end housing that caters to Amgen employees and affiliates.

Neighborhoods to Watch

  • New Albany: Already known for its master-planned elegance, golf clubs, and top-tier schools, New Albany will become even more sought-after as the direct site of Amgen’s expansion.

  • Granville & Gahanna: Perfect for those who seek space and serenity without losing access to urban amenities.

  • Johnstown & Westerville: Up-and-coming investment zones that offer luxury homes on land, ideal for executives or second-home buyers.

Your Trusted Partner in Navigating the Shift

At Cece Miller Real Estate, we specialize in classic homes for modern lifestyles. Whether you are relocating, building, or upgrading in the Columbus area, we offer discretion, market expertise, and a deep respect for the timeless values that make a house a home.

Ready to explore opportunities near Amgen’s new facility?
Visit www.cece-miller.com to view featured luxury listings or schedule a private consultation.

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