On average, listings lease in the $20's per square foot per year. The Downtown Columbus region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Columbus market, the Downtown Columbus region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 118 listings have been listed, so you'll want to check back regularly for new listings. 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 4,410 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this region were built in 1928 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Columbus occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.