On average, listings lease in the $10's per square foot per year. The Arena District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Columbus market, the Arena District submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Arena District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 2000 and are Class A.
Waste services is the dominant industry in this region. Most of the occupants of Arena District work from home. Commuting under 5 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 Arena District.
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