The typical asking rate per listing is in the $10's per square foot per year. The Salem Village submarket 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 Salem Village region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been listed, which means new listings 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1973 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Salem Village folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.