On average, listings lease in the $10's per square foot per year. The Olde Town East region is seeing a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year.
Compared to the rest of the Columbus market, the Olde Town East region has smaller 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 office spaces are probably 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this area were built in 1962 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Olde Town East folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.