The typical asking rate per listing is in the $10's per square foot per year. The Westerville submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 249 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Westerville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1988 and are Class B.
Real time and historical data on commercial real estate listings in Westerville.
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