On average, listings lease in the $20's per square foot per year. The Northeast Columbus submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Columbus market, the Northeast Columbus submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 8,260 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this area were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Northeast Columbus occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.