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On average, commerial real estate listings lease in the $10's per square foot per year. The East Columbus submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease increased $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Columbus commercial real estate market, the East Columbus submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 408 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built approximately 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst East Columbus occupants. Commuting approximately 15 minutes 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 East Columbus.
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