On average, listings lease in the $10's per square foot per year. The Walnut Hills submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Columbus market, the Walnut Hills region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available space in the Walnut Hills 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area 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.