New Albany, OH Commercial Real Estate for Lease and Sale

Explore 26 listings of New Albany commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Water's Edge I

7775 Walton Pkwy, New Albany, OH
Property

Office

106,500 SF
Availability

2 Spaces

53,226 SF
Year Built

2008
For Lease

$14.95/SF/YR
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Shoppes At Smith's Mill

US-62 E & Walton Pkwy, New Albany, OH
Property

VacantLand
For Sale Contact for pricing
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5720 N Hamilton Rd

5720 N Hamilton Rd, New Albany, Columbus, OH
Property

Retail

10,000 SF
Availability

1 Space

10,000 SF
For Lease

$24.00/SF/YR
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5780-5792 N Hamilton Rd

5780-5792 N Hamilton Rd, New Albany, Columbus, OH
Property

Retail

24,369 SF
Availability

2 Spaces

2,999 SF
Year Built

2020
For Lease

$37.00/SF/YR
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5802 North Hamilton Road

5802 North Hamilton Road, New Albany, Columbus, OH
Property

VacantLand
For Sale

$1,100,000
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5950 Hamilton Road

5950 Hamilton Road, New Albany, OH
Property

Office

45,000 SF
Availability

3 Spaces

45,000 SF
Year Built

2023
For Lease

$21.50/SF/YR
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New Albany Medical Center II

5040 Forest Drive, New Albany, OH
Property

Office

60,000 SF
Availability

1 Space

3,200 SF
Year Built

2010
For Lease

$18.75/SF/YR
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The Shops at Walton Parkway

9685-9765 Johnstown Road, New Albany, OH
Property

Retail

15,582 SF
Availability

1 Space

3,200 SF
Year Built

2006
For Lease

$28.50/SF/YR
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Commons at Hamilton Quarter

5775 Hamilton Road, New Albany, Columbus, OH
Property

Retail

22,043 SF
Availability

3 Spaces

9,189 SF
Year Built

2024
For Lease

$37.00 - $45.00/SF/YR
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Water's Edge II & III

7795 Walton Pkwy, New Albany, OH
Property

Office

149,080 SF
Availability

4 Spaces

25,482 SF
Year Built

2011
For Lease

$14.95/SF/YR
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Walton Offices

8050 Walton Pkwy, New Albany, OH
Property

Office

54,500 SF
Availability

1 Space

52,420 SF
Year Built

2017
For Lease

$15.50/SF/YR
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New Albany Plaza

5536-5576 N Hamilton Rd, New Albany, Columbus, OH
Property

Retail

31,900 SF
Availability

1 Space

2,170 SF
Year Built

2003
For Lease

$18.00/SF/YR
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5588-5590 N Hamilton Rd

5588-5590 N Hamilton Rd, New Albany, Columbus, OH
Property

Retail

10,000 SF
Availability

1 Space

3,000 SF
Year Built

2009
For Lease Contact for pricing
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6530 W. Campus Oval Rd.

New Albany, New Albany, OH
Property

Office
Availability

2 Spaces

239,199 SF
For Lease Contact for pricing
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Nacot II

6005 Nacot Place, New Albany, OH
Property

Office

67,500 SF
Availability

1 Space

67,500 SF
For Lease

$13.50/SF/YR
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28 S High St

28 S High St, New Albany, OH
Property

Office

1,966 SF
Availability

1 Space

860 SF
Year Built

1929
For Lease

$35.00/SF/YR
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20 S High St

20 S High St , New Albany, OH
Property

Office

1,860 SF
Availability

1 Space

1,860 SF
Year Built

1928
For Lease

$32.25/SF/YR
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7400 W. Campus Rd.

New Albany, New Albany, OH
Property

Office

205,000 SF
For Sale Contact for pricing
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Nacot II

6005 Nacot Place, New Albany, OH
Property

Office

67,500 SF
For Sale Contact for pricing
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Sr 161 New Albany Expy

Sr 161 New Albany Expy, New Albany, OH
Property

VacantLand

150 Acre
For Sale Contact for pricing
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7041 Walnut Street

7041 Walnut Street, New Albany, OH
Property

VacantLand

32 Acre
For Sale Contact for pricing
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Market and Main II

160 W MAIN ST, New Albany, OH
Property

Retail

7,270 SF
Availability

1 Space

4,990 SF
Year Built

2016
For Lease

$30.00/SF/YR
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Land at Hamilton Quarter

5822 Hamilton Rd, New Albany, Columbus, OH
Property

Other
For Sale

$2,500,000
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Smith's Mill

9835 Johnstown Road, New Albany, OH
Property

Retail

5,280 SF
Availability

2 Spaces

5,280 SF
For Lease Contact for pricing
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New Albany Market

5477 New Albany Rd W, New Albany, OH
Property

Retail

34,870 SF
Availability

2 Spaces

2,711 SF
Year Built

2007
For Lease Contact for pricing
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Kroger New Albany Center

5161 Hampsted Village Center Way, New Albany, OH
Property

Retail

93,286 SF
Availability

1 Space

39,204 SF
Year Built

1999
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The New Albany commercial real estate market incorporates 553,146 square feet of office space across 10 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The New Albany commercial real estate market includes 254,600 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in New Albany incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in New Albany is represented by Office space, which accounts for 467,953 square feet of available listings. Retail space available in New Albany adds up to 82,743 square feet.

Meanwhile, most of the listings of commercial property for sale in New Albany are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in New Albany is $18.9 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in New Albany can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in New Albany, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in New Albany was Office space.

Conversely, the highest sale price last year was $10,500,000 that is located at 6005 Nacot Place.

The average size of a commercial property in New Albany depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In New Albany, the average size of an office property is 61,461 square feet.
Retail properties here incorporate an average of 25,460 square feet.

New Albany, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in New Albany currently add up to 550,696 square feet. The market offers 8 active office listing(s), which amount to 467,953 square feet and account for 44% of commercial spaces on the market. Local retail availability includes 82,743 square feet across 10 retail space(s).

Property Type	Count of Listings	Total SF
Office	8	467,953
Retail	10	82,743

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in New Albany, OH. Currently, there is 273,782 square feet of commercial property for sale here , which includes 3 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	3	273,600
Other	4	182

New Albany, OH Commercial Real Estate for Lease and Sale

Water's Edge I

Shoppes At Smith's Mill

5720 N Hamilton Rd

5780-5792 N Hamilton Rd

5802 North Hamilton Road

5950 Hamilton Road

New Albany Medical Center II

The Shops at Walton Parkway

Commons at Hamilton Quarter

Water's Edge II & III

Walton Offices

New Albany Plaza

5588-5590 N Hamilton Rd

6530 W. Campus Oval Rd.

Nacot II

28 S High St

20 S High St

7400 W. Campus Rd.

Nacot II

Sr 161 New Albany Expy

7041 Walnut Street

Market and Main II

Land at Hamilton Quarter

Smith's Mill

New Albany Market

Kroger New Albany Center

Frequently Asked Questions

New Albany, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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New Albany, OH Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in New Albany, OH?

What factors affect the price of commercial real estate in New Albany, OH?

What is the average rent for commercial space in New Albany, OH?

What are the best areas for commercial real estate in New Albany, OH?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in New Albany, OH?

New Albany, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us