On average, listings lease in the $20's per square foot per year. The Gateway region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Columbus market, the Gateway region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means new listings most likley are 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,010 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1996 and are Class B.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Gateway folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.