Columbus Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.63 2024 Avg. Asking Rent
  • 1.65% Y-o-Y Avg. Asking Rent Change
  • 14.17% 2024 Office Vacancy Rate
  • $112.1M2024 Total Office Sales
  • $96.17Avg. Sale Price/SF

Columbus office price per square foot in 2024 was $21.63 on average. This marked a +1.65% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.17% across all asset classes combined. The 12 transactions that closed here throughout 2024 amounted to a total sale volume of $112.1M. Columbus office space commanded an average sale price per square foot of $96.17.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Columbus Class A & A+ Office Space$25.51
  • Columbus Class B Office Space$18.76
  • Columbus Class C Office Space$16.41
  • Ohio Class A & A+ Office Space$23.67
  • Ohio Class B Office Space$18.24
  • Ohio Class C Office Space$14.24

Columbus, OH Office Asking Rents by Class

Average office rent in Columbus rested at $21.63 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Columbus averaged $25.51 per square foot. Across all submarkets, class B office space recorded an average asking rent of $18.76 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.41 per square foot, on average. Comparably, statewide Ohio average office rents by class in 2024 were: $23.67 per square foot for class A office space; $18.24 per square foot for class B office space; $14.24 per square foot for class C office space.

2024 Office Vacancy Rates in Columbus

Submarket Asking Rents Vacancy Rates
New Albany $25.47 12.51%
Columbus - Short North $25.29 8.90%
Columbus - Westerville $24.96 25.15%
Columbus - Northeast $23.89 28.10%
Columbus - Downtown $23.22 11.20%
Columbus - South $23.13 7.36%
Columbus - Northwest $21.68 6.17%
Columbus - Grandview $20.54 5.93%
Columbus - East $20.34 22.32%
Dublin $19.83 18.57%
Columbus - Worthington $17.85 17.59%
Columbus - University $17.50 8.01%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Columbus market was 14.17% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Columbus was 5.93% in the Columbus - Grandview submarket, while the highest office vacancy in the market was 28.10%, recorded in Columbus - Northeast.

Office Spaces for Rent in Ohio

Columbus Office Sale Price per SF

  • $96.172024 Avg. Price per SF
  • 2.81%Y-o-Y Avg. PpSF Change
  • $112.1M2024 Office Sales Volume
  • 122024 Number of Transactions

Columbus, OH Sale Price per SF Trend

  • Columbus Avg. Sale Price per SF in 2024$96.17
  • Ohio Avg. Sale Price per SF in 2024$77.74
Columbus office space cost in 2024 marked a +2.81% change compared to the previous year. The sale price for office space in Columbus averaged $96.17 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Ohio average office sale price during the same time period was $77.74 per square foot.

2024 Office Sales Volume

  • Columbus, OH Total Office Sales Volume in 2024 $112.1M
  • Columbus, OH Total Number of Office Sales Closed in 2024 12
A total of 12 deals closed on the Columbus office market in 2024, adding up to a yearly sales volume of $112.1M. Notably, the largest transaction on the market saw Astor Park change hands for $36,386,200 on 2/22/2024.

Largest Columbus Office Sales in 2024

Property name Address Date Price
Astor Park 600 West Nationwide Blvd 2/22/2024 $36,386,200
Bisys Building 3435 Stelzer Road 3/25/2024 $21,500,000
Zangmeister Center, The 3100 Plaza Properties Blvd 7/19/2024 $18,395,260
Huntington Plaza, The 37 West Broad Street 12/30/2024 $10,057,700
Two Crosswoods 150 East Campus View Blvd 1/30/2024 $5,000,000
Data provided by Commercial Edge

Coworking Spaces in Ohio

2024 Office Construction in Columbus, OH

  • Columbus, OH Total SF completed in 2024 137,000

During 2024, 137,000 square feet of new office space were delivered across the market. At the close of 2024, the Columbus office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 137,000 square feet of office space.

Largest Office Properties Recently Completed in Columbus
Office building Address SF Completed
The Merchant Building 475 N. Wall Street, 43215 700,000 2025
Crescent Medical Office Building Hamilton Rd & Tech Center Dr, 43230 11,540 2025
Worthington Gateway 121 West Wilson Bridge Road, 43085 51,654 2024
The Peninsula Office 330 Rush Alley, 43215 231,000 2022
Worthington Gateway 121 W Wilson Bridge Rd, 43085 51,654 2022
6351 E Broad Street 6351 E. Broad Street, 43213 6,208 2022
White Castle Headquarters 555 Edgar Waldo Way , 43215 198,104 2020
2106 E. Main Street 2106 E. Main Street, 43209 13,352 2020
Gravity Project 1.0 500 West Broad Street, 43215 341,000 2019
80 on the Commons 80 East Rich Street, 43215 389,665 2018

Worth noting among recent office completions on the Columbus market is The Merchant Building, which is currently the largest new office development in the city, at 700,000 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Columbus commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.