On average, listings lease in the $10's per square foot per year. The Polaris submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Columbus market, the Polaris region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,650 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1999 and are Class B.
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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.