Westerville Industrial

Westerville

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
5,950
As of: August 17, 2017

Westerville Rates

Most listings are in the $10's per square foot per year. The Westerville submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 11% increase in rent.

Westerville Listing Supply

In the last 90 days, 26 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 62% of the listings in the Westerville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,240 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1988 and are Class B.

Westerville Community

Market Report

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

Market Data

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

Westerville Submarkets