On average, listings lease in the $20's per square foot per year. The Gateway submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Columbus market, the Gateway submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Gateway are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this market were built in 1996 and are Class B.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Gateway occupants. Commuting between 20 and 25 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 Gateway.
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