The typical asking rate per listing is in the $10's per square foot per year. The Walnut Hills submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Columbus market, the Walnut Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Walnut Hills are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 870 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Walnut Hills occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.