Polaris Industrial

Polaris

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
5,740
As of: July 26, 2017

Polaris Rates

The typical asking rate per listing is in the $20's per square foot per year. The Polaris submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $23 per sqft per year.

Compared to the rest of the Columbus market, the Polaris region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Polaris Listing Supply

In the last 90 days, 7 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 143% of the listings in the Polaris are subleases, so you might be able to snag a great spot on a short term. 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 5,740 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1999 and are Class B.

Polaris Community

This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Polaris residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Polaris.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Polaris.
Research