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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Milbrook submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease went up $29 per sqft per year.
Compared to the rest of the Columbus commercial real estate market, the Milbrook submarket has higher rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 5 commercial real estate listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 330,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built approximately 1970.
A large portion of this region is residential, but there's plenty of office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Milbrook folk. Commuting around 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 Milbrook.
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