Columbus Commercial Real Estate - Data Reports
Columbus Commercial Real Estate
Commercial real estate is very competitively priced in the Columbus Region compared to other top metropolitan areas. Average asking rents for office, industrial, distribution and warehouse space make the Columbus Region a great place to start or expand a business.
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AVERAGE ASKING RENT FOR INDUSTRIAL SPACE (BULK) |
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|
METRO |
PER SQ FT |
PER SQ M |
|
Columbus |
$3.00 |
$32.29 |
|
Atlanta |
$3.46 |
$37.24 |
|
Greenville/Spartanburg |
$3.58 |
$38.54 |
|
Louisville |
$3.70 |
$39.83 |
|
Charlotte |
$3.99 |
$42.95 |
|
Kansas City |
$4.05 |
$43.59 |
|
Chicago |
$4.47 |
$48.12 |
|
Los Angeles (Inland Empire) |
$5.10 |
$54.90 |
| Pittsburgh | $5.51 | $59.31 |
| New York (Northern NJ) | $6.30 | $67.81 |
|
Source: Colliers International, Q1 2016 |
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| AVERAGE ASKING RENT FOR DISTRIBUTION AND WAREHOUSING SPACE | ||
| METRO AREA | PER SQUARE FOOT | PER SQUARE METER |
| Memphis | $2.69 | $28.96 |
| Columbus | $3.00 | $32.29 |
| Indianapolis | $3.41 | $36.71 |
| Dallas-Fort Worth | $3.55 | $38.21 |
| Atlanta | $3.63 | $39.07 |
| Louisville | $3.75 | $40.37 |
| Kansas City | $4.48 | $48.22 |
| Chicago | $4.73 | $50.91 |
| Pittsburgh | $5.74 | $61.79 |
| Los Angeles — Inland Empire | $5.76 | $62.00 |
| New Jersey — Northern | $6.40 | $68.89 |
| Denver | $6.47 | $69.64 |
| Los Angeles | $7.68 | $82.67 |
| Long Island | $10.00 | $107.64 |
|
Source: Colliers International, Q1 2016 |
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| AVERAGE ASKING RENT FOR SUBURBAN CLASS A OFFICE SPACE | ||
| METRO | PER SQ FT | PER SQ M |
| Indianapolis | $20.49 | $220.55 |
| Kansas City | $20.58 | $221.52 |
| Columbus | $20.76 | $223.46 |
| Orlando | $22.21 | $239.07 |
| Charlotte | $24.96 | $268.67 |
| Nashville | $25.33 | $272.65 |
| Atlanta | $26.86 | $289.12 |
| Denver | $26.97 | $290.31 |
| Phoenix | $27.57 | $296.76 |
| Chicago | $27.83 | $299.56 |
| Dallas | $28.82 | $310.22 |
| New Jersey — Northern | $30.36 | $326.80 |
| San Francisco Bay Area | $43.23 | $465.33 |
| Source: Colliers International, Q1 2016 | ||
| AVERAGE ASKING RENT FOR FLEX SPACE | ||
| METRO | PER SQ FT | PER SQ M |
| Columbus | $6.05 | $65.12 |
| Indianapolis | $6.09 | $65.55 |
| Boston | $7.34 | $79.01 |
| Chicago | $9.50 | $102.26 |
| Austin | $11.10 | $119.48 |
| Pittsburgh | $11.75 | $126.48 |
| Washington, D.C. | $12.20 | $131.32 |
| Raleigh | $12.42 | $133.69 |
| Seattle/Puget Sound | $13.98 | $150.48 |
| San Francisco Peninsula | $32.52 | $350.05 |
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Source: EMSI Analyst, 2016; Colliers International, Q1 2016 |
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