The typical asking rate per listing is in the $20's per square foot per year. The Arena District region is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Columbus market, the Arena District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 186% of the office spaces in the Arena District 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 available, so finding a space for a small business might be tough.
Even though the median size is 37,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region were built in 2000 and are Class A.
Waste services is the dominant industry in this region. Most of the residents 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.