The typical asking rate per listing is in the $20's per square foot per year. The Northeast Columbus submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Columbus market, the Northeast Columbus region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 18 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,330 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Northeast Columbus occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.