Polaris Office Space

Polaris

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
54,000
As of: December 8, 2016

Polaris Rates

On average, listings lease in the $10's per square foot per year. The Polaris region is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 16% rise in rent.

Compared to the rest of the Columbus market, the Polaris region has higher rates, and you'll need to pay a premium to be in this hot region.

Polaris Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 54,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this market were built in 1998 and are Class B.

Polaris Community

This area 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.

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