The typical asking rate per listing is in the $10's per square foot per year. The Arena District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Columbus market, the Arena District submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,120 sqft. Most properties in this area are close to 6 stories. Most buildings in this area were built in 2000 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Most of the occupants of Arena District work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.