On average, listings lease in the $10's per square foot per year. The Downtown Columbus submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Columbus market, the Downtown Columbus submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,690 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1930 and are Class B.
This area 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 residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.