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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.

AVERAGE ASKING RENT FOR INDUSTRIAL SPACE (BULK)

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



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



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

Source: EMSI Analyst, 2016; Colliers International, Q1 2016








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