The typical asking rate per listing is in the $10's per square foot per year. The Downtown Columbus region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Columbus market, the Downtown Columbus region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 118 listings have been made available, so you'll want to check back regularly for new listings. About 91% of the available space in the Downtown Columbus 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,750 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this market were built in 1932 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Columbus occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.