On average, listings lease in the $10's per square foot per year. The Downtown Columbus submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Columbus market, the Downtown Columbus region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 118 listings have come on the market, so you'll want to check back regularly for new listings. 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 3,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1928 and are Class B.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Columbus residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.