On average, listings lease in the $20's per square foot per year. The Downtown Columbia submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 58 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Downtown Columbia 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 9,011 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Columbia residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.