RETAIL SPACE FOR LEASE IN COLUMBUS

Why implement your retail space in Colombus?  

Columbus, Ohio, presents a thriving market for retail businesses, offering a wide range of retail spaces for lease. From bustling shopping districts in the downtown area to suburban shopping centers and mixed-use developments, Columbus provides an array of options to suit different retail concepts and target markets. These retail spaces often feature high visibility, ample foot traffic, and a supportive business environment. 

Whether it's a boutique, a restaurant, or a flagship store, businesses can find suitable retail spaces with varying sizes, layouts, and amenities to meet their specific needs. Columbus's growing population, strong economy, and diverse demographics contribute to the city's appeal as a retail destination. Entrepreneurs and established brands alike can benefit from the vibrant retail scene in Columbus by securing a lease on a well-positioned and inviting retail space to showcase their products or services to the local community and beyond.

Looking for retail space for lease in Columbus? Let our experts help you find the perfect location to grow your business and attract more customers.

How much does it cost to rent a retail space in Colombus?

The cost of renting a retail space in Columbus can vary widely depending on several factors, such as location, size, visibility, and the specific characteristics of the property. Retail space rental prices are typically quoted in terms of cost per square foot per year. On average, retail rental rates in Columbus can range from around $15 to $50 per square foot per year, but these figures are approximate and can vary significantly.

Prime locations in popular shopping districts or high-demand areas may command higher rental rates due to increased foot traffic and visibility. Retail spaces in suburban areas or less central locations can often be more affordable. Additionally, the size and condition of the retail space, along with amenities, lease terms, and market conditions, can influence the rental price.

To read: our Colombus MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Colombus?

Columbus has experienced economic growth and development in recent years, which can potentially contribute to increased demand for retail space. As the city continues to attract businesses, residents, and visitors, the demand for retail spaces may rise, leading to potential rent increases.

What types of retail spaces are available for lease in Columbus?

Columbus offers a diverse range of retail spaces for lease, catering to various business needs and preferences. In the city center, you can find high-traffic storefronts ideal for flagship stores and boutiques, often located in bustling areas like the Short North Arts District, which is known for its vibrant arts scene and eclectic shopping options. For businesses seeking a more suburban setting, areas such as Easton Town Center and Polaris Fashion Place offer expansive retail spaces within popular shopping malls, attracting a steady flow of shoppers. Additionally, Columbus has numerous strip malls and standalone buildings throughout its neighborhoods, providing flexible options for small businesses and specialty shops. Whether you're looking for a cozy boutique space or a large retail floor, Columbus has a variety of options to suit your business needs.

How do I lease retail space in Columbus?

Leasing retail space in Columbus involves several key steps to ensure you find the perfect location for your business. Start by identifying your business needs, such as the desired size, location, and budget. Research different neighborhoods and retail districts to determine which areas align with your target market. Once you have a clear idea of your requirements, engage with one of our commercial real estate brokers who specializes in retail properties in Columbus. We can provide valuable insights into the market, help you navigate lease negotiations, and identify available properties that meet your criteria. After selecting a suitable space, you'll need to review and negotiate the lease terms, which may include rent, lease duration, and any additional costs or responsibilities. It's advisable to consult with a legal professional to ensure the lease agreement is fair and aligns with your business goals. Once the lease is signed, you can proceed with any necessary renovations or preparations to open your retail business.

What’s the average size of available retail space in Columbus?

The average size of available retail space in Columbus varies widely, depending on the location and type of property. In the downtown area and popular shopping districts like the Short North, retail spaces tend to be smaller, often ranging from a few hundred to a few thousand square feet, making them ideal for boutiques and specialty stores. In contrast, suburban shopping centers and malls, such as Easton Town Center and Polaris Fashion Place, offer larger spaces that can accommodate big-box retailers and anchor stores, with sizes often exceeding several thousand square feet. The diversity in available retail space sizes allows businesses of all types and sizes to find a location that fits their specific needs, whether they're seeking a compact storefront or a sprawling retail floor.

Popular neighborhoods in Colombus

Columbus offers several popular neighborhoods where businesses often seek to lease retail space. Here are a few notable neighborhoods known for their vibrant retail scenes and attractive leasing opportunities:

• Short North Arts District: Located just north of downtown Columbus, the Short North Arts District is a lively neighborhood known for its eclectic mix of galleries, boutiques, restaurants, and entertainment venues. It attracts a diverse crowd of locals and tourists, making it a popular choice for retail businesses.
• Arena District: Adjacent to downtown, the Arena District is a bustling neighborhood known for its sports and entertainment venues, including Nationwide Arena. It offers a mix of retail spaces, restaurants, bars, and entertainment options, making it an ideal location for businesses looking for high foot traffic.
• Easton Town Center: Situated on the northeast side of Columbus, Easton Town Center is a premier shopping and dining destination. It features a mix of upscale retailers, popular brands, restaurants, and entertainment options. With its vibrant atmosphere and high visitor traffic, Easton Town Center is a sought-after location for retail businesses.
• German Village: Located just south of downtown, German Village is a historic neighborhood with charming brick streets and a mix of boutique shops, cafes, and restaurants. It offers a unique and vibrant atmosphere, making it a popular destination for retail businesses catering to a more intimate and local clientele.
• Polaris Fashion Place: Situated in the northern part of Columbus, Polaris Fashion Place is a large shopping mall featuring a wide range of retail stores, restaurants, and entertainment options. It attracts a significant number of shoppers from both the local area and surrounding regions.

Getting to and from Colombus

Getting to and from Columbus is convenient due to its central location and well-developed transportation infrastructure. Here are a few common ways to travel to and from Columbus:

• By Air: Columbus is served by the John Glenn Columbus International Airport (CMH), which offers both domestic and international flights. The airport is located about 6 miles east of downtown Columbus and provides various transportation options to the city center, including taxis, rideshare services, shuttle buses, and car rentals.
• By Car: Columbus is easily accessible by major highways, including I-70, I-71, and I-270. These highways connect the city to other major cities in the region, making road travel a convenient option. If you're driving from nearby cities, such as Cincinnati or Cleveland, you can reach Columbus in a few hours.
• By Bus: Several bus companies, such as Greyhound and Megabus, offer service to Columbus, connecting it with various cities across the United States. The bus terminal is located near downtown Columbus, making it convenient for travelers.
• By Train: Amtrak does not have a station directly in Columbus, but you can reach the city by taking an Amtrak train to nearby cities like Cincinnati or Cleveland and then connecting with a bus or rental car to reach Columbus.
• Public Transportation: Once in Columbus, you can navigate the city using the Central Ohio Transit Authority (COTA) bus system. COTA provides bus service throughout the city and surrounding suburbs, offering a convenient and affordable means of transportation.

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