Most listings are in the $10's per square foot per year. The Merion Village submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the Columbus market, the Merion Village region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 5,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1915 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. Commute by walking is the most popular way to get to work amongst Merion Village residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.