On average, listings lease in the $10's per square foot per year. The Uptown District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Columbus market, the Uptown District submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 79 listings have been listed, so you'll want to check back regularly for new listings. About 85% of the available space in the Uptown District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,490 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this market were built in 1924 and are Class B.
Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Uptown District residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.