Westerville, OH Commercial Real Estate for Lease - 39 Listings

190 S State St

190 S State St, Westerville, OH
Property

Office

3,243 SF
Availability

6 Spaces

1,007.9 SF
Year Built

1987
For Lease

$150.00 - $850.00/MO
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St. Ann's MOB

477 Cooper Rd, Westerville, OH
Property

Office

91,408 SF
Availability

7 Spaces

25,407 SF
Year Built

2004
For Lease

$15.50/SF/YR
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Westar II

550 Polaris Parkway, Westerville, OH
Property

Office
Availability

1 Space

2 SF
For Lease Contact for pricing
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Altair I

600 N Cleveland Ave, Westerville, OH
Property

Office

93,000 SF
Availability

3 Spaces

21,808 SF
Year Built

2006
For Lease

$12.95/SF/YR
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Parkview Center

556 West Schrock Road, Westerville, OH
Property

Office

51,855 SF
Availability

1 Space

3,150 SF
For Lease Contact for pricing
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Newly built free standing sublease opportunity in Westerville, OH

1231 County Line Rd, Westerville, OH
Property

Retail
Availability

1 Space

6,400 SF
For Lease Contact for pricing
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Westar IV

460 Polaris Pkwy, Westerville, OH
Property

Office

144,700 SF
Availability

6 Spaces

83,347 SF
Year Built

2008
For Lease

$13.95 - $18.50/SF/YR
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15 North State Street

15 North State Street , Westerville, OH
Property

Retail

3,532 SF
Availability

1 Space

1,600 SF
For Lease Contact for pricing
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Albany Place

6457 North Hamilton Road, Westerville, OH
Property

Retail

24,966 SF
Availability

1 Space

1,448 SF
For Lease

$24.00/SF/YR
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The 501 Building

501 W Schrock Road, Westerville, OH
Property

Office

60,003 SF
Availability

8 Spaces

31,539 SF
Year Built

1990
For Lease

$10.95/SF/YR
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Westar Place

Polaris Pkwy & Cleveland Avenue, Westerville, OH
Property

Retail

12,375 SF
Availability

1 Space

2,411 SF
Year Built

2019
For Lease

$35.00/SF/YR
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Spectrum Commerce Center

921-929 Eastwind Drive, Westerville, OH
Property

Office
Availability

1 Space

3,302 SF
For Lease Contact for pricing
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Schrock Professional Center

137-151 W Schrock Rd, Westerville, OH
Property

Office

9,600 SF
Availability

4 Spaces

6,000 SF
Year Built

1978
For Lease

$18.50/SF/YR
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Windsor Bay

1120-1180 County Line Rd., Westerville, OH
Property

Retail

109,329 SF
Availability

1 Space

32,670 SF
For Lease Contact for pricing
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Westar I

570 Polaris Parkway, Westerville, OH
Property

Office
Availability

1 Space

15,539 SF
For Lease Contact for pricing
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Brooksedge Corporate Center

831-841 Green Crest Dr, Westerville, OH
Property

Industrial

47,860 SF
Availability

1 Space

10,720 SF
Year Built

1978
For Lease Contact for pricing
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Hamilton Quarter

4960 East Dublin Granville Road, Columbus, OH
Property

Office

134,311 SF
Availability

3 Spaces

75,296 SF
Year Built

2022
For Lease

$18.95/SF/YR
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470 Olde Worthington Road

470 Olde Worthington Road, Westerville, OH
Property

Office

89,030 SF
Availability

3 Spaces

16,625 SF
Year Built

2000
For Lease Contact for pricing
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Westar Medical Office

444 N Cleveland Ave, Westerville, OH
Property

Office

41,739 SF
Availability

12 Spaces

110,772 SF
Year Built

2002
For Lease Contact for pricing
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250 Progressive Way

250 Progressive Way, Westerville, OH
Property

Office

114,761 SF
Availability

3 Spaces

206,645 SF
Year Built

2001
For Lease

$7.00/SF/YR
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Westar III

440 Polaris Pkwy, Westerville, OH
Property

Office

144,300 SF
Availability

6 Spaces

40,891 SF
Year Built

2005
For Lease

$13.95 - $18.95/SF/YR
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220 West Schrock Road

220 West Schrock Road, Westerville, OH
Property

Office

100,800 SF
Availability

1 Space

100,800 SF
Year Built

1990
For Lease

$14.00/SF/YR
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480 Olde Worthington Road

480 Olde Worthington Road, Westerville, OH
Property

Office

102,487 SF
Availability

2 Spaces

6,289 SF
Year Built

2000
For Lease

$12.95/SF/YR
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Westerville Development

270 South State Street , Westerville, OH
Property

Retail

14,265 SF
Availability

3 Spaces

7,234 SF
For Lease Contact for pricing
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Polaris
Regus
470 Olde Worthington Road #200, Westerville, OH
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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110 Polaris Pkwy

110 Polaris Pkwy, Westerville, OH
Property

Office

50,000 SF
Availability

2 Spaces

7,249 SF
Year Built

2001
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 Westerville commercial real estate market incorporates 1,499,674 square feet of office space across 30 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 Westerville commercial real estate market includes 409,658 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. Across the Westerville market, there is a total of 54,960 square feet of industrial property.

The listing inventory in Westerville 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 Westerville is represented by Office space, which accounts for 976,864 square feet of available listings. Retail space available in Westerville adds up to 90,563 square feet.

Meanwhile, most of the listings of commercial property for sale in Westerville 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 Westerville is $13.87 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 Westerville 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 Westerville, 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 $18.95 per square foot. In particular, the property type commanding the highest lease rates in Westerville was Office space.

Conversely, the highest sale price last year was $2,700,000, which was paid for the Office property that is located at 735 Ceramic Place. The property was built in 1991, incorporates 33,444 square feet, and is rated Class B.

The average size of a commercial property in Westerville 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 Westerville, the average size of an office property is 74,984 square feet.
Retail properties here incorporate an average of 51,208 square feet.
Industrial space in Westerville is in buildings that are, on average 27,480 square feet in size.

Westerville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Westerville currently add up to 1,197,575 square feet. The market offers 25 active office listing(s), which amount to 995,212 square feet and account for 64% of commercial spaces on the market. Local retail availability includes 91,675 square feet across 10 retail space(s). Industrial space for rent opportunities in Westerville amount to 26,495 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	25	995,212
Retail	10	91,675
Industrial	2	26,495
Other	2	84,193

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 Westerville, OH. Currently, there is 235,931 square feet of commercial property for sale here , which includes 4 office building(s) for sale , 1 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	4	201,761
Retail	1	3,967
Industrial	1	7,100
Other	4	23,103

Westerville, OH Commercial Real Estate for Lease - 39 Listings

190 S State St

St. Ann's MOB

Westar II

Altair I

Parkview Center

Newly built free standing sublease opportunity in Westerville, OH

Westar IV

15 North State Street

Albany Place

The 501 Building

Westar Place

Spectrum Commerce Center

Schrock Professional Center

Windsor Bay

Westar I

Brooksedge Corporate Center

Hamilton Quarter

470 Olde Worthington Road

Westar Medical Office

250 Progressive Way

Westar III

220 West Schrock Road

480 Olde Worthington Road

Westerville Development

Polaris

110 Polaris Pkwy

Frequently Asked Questions

Westerville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Westerville, OH Commercial Real Estate for Lease - 39 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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

Westerville, OH Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us