Westerville Retail

Westerville

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
3,530
As of: March 12, 2017

Westerville Rates

On average, listings lease in the $10's per square foot per year. The Westerville region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Westerville Listing Supply

In the last 90 days, 26 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Westerville are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,530 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1988 and are Class B.

Westerville Community

Market Report

Trends and status of the commercial real estate market in Westerville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westerville.
Research

Westerville Submarkets