On average, listings lease in the $10's per square foot per year. The Franklinton region is seeing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the Columbus market, the Franklinton region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. 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.
Even though the median size is 8,470 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1994 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Most of the folk of Franklinton work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.