Columbus, Ohio, is a prime destination for businesses looking to establish a strong presence in the Midwest. With a diverse economy and a population of around 890,000, Columbus offers a unique blend of amenities, infrastructure, and education that make it an attractive location for retailers. The city is home to several Fortune 500 companies, including Nationwide Mutual Insurance Company, American Electric Power, and L Brands, and is served by the John Glenn Columbus International Airport and Rickenbacker International Airport. Additionally, Columbus is known for its historic landmarks, museums, and cultural institutions, making it a vibrant and dynamic metropolitan area in central Ohio. With 197 retail spaces for lease, Columbus offers a wide range of options for businesses looking to establish a presence in the city.
Columbus is an ideal location for retail businesses, with a diverse range of amenities and attractions that draw in visitors and residents alike. The city is home to several major institutions, including Ohio State University, the Columbus Zoo and Aquarium, and the Franklin Park Conservatory, which attract millions of visitors each year. In addition to its many amenities, Columbus is also served by a comprehensive network of highways, including Interstate 70 and Interstate 71, making it easily accessible by car. With an average annual rent of $21 USD per square foot, and average space sizes ranging from 7,066 to 127,711 square feet, Columbus offers a range of retail spaces to suit businesses of all sizes. Whether you're looking for a small boutique or a large department store, Columbus has something to offer. Other property types available in Columbus include restaurants, medical offices, and office spaces, each with its own unique characteristics and advantages.
What is the average cost per square foot for retail space in Columbus?
The average cost per square foot for retail space in Columbus is $21 USD per square foot, with an average size of 7,066 square feet and a maximum space size of 127,711 square feet available among the 197 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Columbus, Ohio, anchor tenants, such as department stores or grocery stores, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable shopping environment, which can lead to higher lease rates and a more competitive market, with 197 available listings, averaging $21 USD per square foot, and ranging in size from 7,066 square feet to 127,711 square feet.
