On average, listings lease in the $20's per square foot per year. The Downtown Columbia submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 37 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Downtown Columbia are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,380 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 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 occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.