On average, listings lease in the $20's per square foot per year. The Polaris submarket is seeing a a boost 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 submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 114% of the available space in the Polaris are subleases, so you might be able to find a shorter term or below market rent. 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 5,740 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1998 and are Class B.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Polaris occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.