The typical asking rate per listing is in the $20's per square foot per year. The Woods of Josephinium region is going through a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Columbus market, the Woods of Josephinium submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Woods of Josephinium are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,120 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1987 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Woods of Josephinium occupants. Commuting close to 20 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 Woods of Josephinium.
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