Columbus Office Space

BuildingSearch.com has countless office space listings in the city of Columbus. We provide an array of different Columbus office space listings, so that it is easier to find the exact building to suit your needs better. Choose from office spaces such as office/R&D, medical/bio tech, mixed use or office/retail. 

Columbus, named after Christopher Columbus, is the state capital of Ohio. The economy of Columbus mainly relies on education, insurance, healthcare, retail, and technology and is recognized as an emerging global city. Columbus has a population of over 700,000 people making it the third largest state capital in the United States behind Indianapolis and Phoenix. The city is located on the Scioto and Olentangy Rivers, which made the economy, thrive when it was first founded in 1812. 

With a climate that experiences pretty extreme weather conditions ranging from 106 degrees to nearly negative temperatures, it is very hard to get accustomed to. Even with this dramatic climate, the economy is very diverse and strong, ranking in the top 10 overall in the United States, makingColumbus office space is a great choice for any company looking to relocate, expand or open their business. Because it is the state capital, the city has major government influence, which is a major employer for the city. Along with state employment, many jobs are created by the many higher education schools and insurance companies. 

Even with the credit crisis, Ohio has come out better off in the first quarter of 2008 in terms of overallColumbus office space vacancy, net absorption, construction, and rental rates. Vacancy has dropped from about 14.5% to only 14%. This is mostly due to the absorption of Class A office space, which is very reasonably priced, compared to class B office space. Absorption rose to a positive 99,560 square feet overall, with a decline in the class B office space absorption. Another reason for the decrease in vacancy is that there was very little constructed during the first three months of 2008. Only about 220,000 square feet of new office space in Columbus was constructed and most of the office space was leased before completion, about 25% was vacant. On top of all of this, the sales rates went up to their highest in history, reaching nearly $20 per square foot. In summation, the Columbus office spacemarket is prevailing and continues to grow despite the dwindling economy. It is a very good place to relocate.