The typical asking rate per listing is in the $20's per square foot per year. The Downtown Columbus submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Columbus market, the Downtown Columbus region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 872 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Columbus are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,440 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 1932 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Columbus folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Columbus.
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