What are the different types of commercial real estate?

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 Worthington commercial real estate market incorporates 2,285,653 square feet of office space across 33 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 Worthington commercial real estate market includes 77,939 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 Worthington market, there is a total of 808,805 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Worthington is represented by Office space , which accounts for 298,524 square feet of available listings. Industrial space available in Worthington adds up to 18,700 square feet.

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

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.

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

The average rent for commercial real estate space listed for lease in Worthington is $10.51 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 Worthington 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.

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

The best choice of location for commercial space depends on the factors that are most relevant to your business. 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 Worthington, 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.

How do I find a good commercial real estate broker?

Whether or not 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!

What is the most profitable commercial real estate?

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 $13.95 per square foot. In particular, the property type commanding the highest lease rates in Worthington was Office space. Conversely, the highest sale price last year was $4,635,000 that is located at 6797 North High Street.

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

The average size of a commercial property in Worthington 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 Worthington, the average size of an office property is 71,427 square feet. Retail properties here incorporate an average of 25,980 square feet. Industrial space in Worthington is in buildings that are, on average 80,881 square feet in size.

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52 Commercial Real Estate Listings in Worthington, OH

CRE Market Stats

Proprietors Rd

Proprietors Rd, Worthington, OH
For Sale

PRICE NEGOTIABLE
Property

VacantLand
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Worthington Commerce Center

6155 Huntley Road, Worthington, Columbus, OH
For Lease

Contact for pricing
Property

Office

240,050 SF
Availability

2 Spaces

9,950 SF
Year Built

1997
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Cascade V

250 East Wilson Bridge Road, Worthington, Columbus, OH
For Lease

$9.50 - $9.95/SF/YR
Property

Office

47,688 SF
Availability

5 Spaces

15,668 SF
Year Built

1979
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Cascade II

150 East Wilson Bridge Road, Worthington, Columbus, OH
For Lease

$9.95/SF/YR
Property

Office

61,550 SF
Availability

5 Spaces

13,712 SF
Year Built

1978
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Officescape II

450 Wilson Bridge Rd. W, Worthington, OH
For Lease

$17.95/SF/YR
Property

Office

50,847 SF
Availability

6 Spaces

13,670 SF
Year Built

1976
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6877 N High Street

6877 N High Street, Worthington, OH
For Lease

$17.50/SF/YR
Property

Office

31,579 SF
Availability

4 Spaces

12,355 SF
Year Built

1972
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Worthington Gateway

121 W Wilson Bridge Rd, Worthington, OH
For Lease

$20.75/SF/YR
Property

Office

51,654 SF
Availability

2 Spaces

25,518 SF
Year Built

2022
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Cascade I

130 East Wilson Bridge Road, Worthington, Columbus, OH
For Lease

$9.90 - $9.95/SF/YR
Property

Office

59,961 SF
Availability

5 Spaces

22,548 SF
Year Built

1977
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Officescape III

400 Wilson Bridge Rd. W, Worthington, OH
For Lease

$17.95/SF/YR
Property

Office

52,196 SF
Availability

3 Spaces

12,410 SF
Year Built

1977
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Corporate Hill III

300 Wilson Bridge Rd. W, Worthington, OH
For Lease

$11.00/SF/YR
Property

Office

96,563 SF
Availability

3 Spaces

11,628 SF
Year Built

1983
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350 W Wilson Bridge Rd

350 W Wilson Bridge Rd, Worthington, OH
For Lease

Contact for pricing
Property

Office

53,207 SF
Availability

1 Space

10,480 SF
Year Built

1987
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Lakeview Tech Center

600 Lakeview Plaza Blvd, Worthington, Columbus, OH
For Lease

$10.95 - $13.95/SF/YR
Property

Office

50,418 SF
Availability

3 Spaces

28,576 SF
Year Built

1988
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Officescape I

500 West Wilson Bridge Road, Worthington, OH
For Lease

$17.50/SF/YR
Property

Office

55,000 SF
Availability

1 Space

4,983 SF
Year Built

1976
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Corporate Hill II

100 West Old Wilson Bridge Road, Worthington, Columbus, OH
For Lease

Contact for pricing
Property

Office

98,000 SF
Availability

2 Spaces

8,188 SF
Year Built

1982
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Officescape I

500 Wilson Bridge Rd. W, Worthington, OH
For Lease

$17.95/SF/YR
Property

Office

55,000 SF
Availability

12 Spaces

24,989 SF
Year Built

1976
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Mixed-Use Redevelopment Site

445 E Dublin Granville Road, Worthington, OH
For Sale

Contact Broker for Pricing Guidance
Property

VacantLand
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Rush Creek Commerce Center II

510 East Wilson Bridge Road, Worthington, OH
For Lease

$11.95 - $20.95/SF/YR
Property

Office

107,410 SF
Availability

8 Spaces

48,730 SF
Year Built

1984
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483-505 Schrock Road

483-505 Schrock Road, Worthington, Columbus, OH
For Lease

$9.95 - $10.50/SF/YR
Property

Industrial

14,400 SF
Availability

1 Space

1,200 SF
Year Built

1974
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6530 Huntley Road

6530 Huntley Rd, Worthington, Columbus, OH
For Sale

$1,200,000
Property

Industrial

8,712 SF
Year Built

1973
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5882-5884 N High Street

5882-5884 N High Street, Worthington, OH
For Sale

$435,000
Property

Office

2,400 SF
Year Built

1941
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6877 N High Street

6877 N High Street, Worthington, OH
For Lease

$16.50/SF/YR
Property

Office

26,970 SF
Availability

1 Space

1,603 SF
Year Built

1972
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65 East Wilson Bridge Road
Synergy Work Suites
65 East Wilson Bridge Road, Worthington, OH
Services

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Kitchen

Parking

Printer
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COhatch Worthington - The Library
Cohatch
752 High Street, Worthington, OH
Services

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Game room

High-speed wifi
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COhatch Worthington - The Hardware Store
Cohatch
659 High Street, Worthington, OH
Services

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Beer

Complimentary coffee & tea

High-speed wifi
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East Side Randall Road North Of Huntley Road

East Side Randall Rd North Of Huntley Rd, Worthington, Carpentersville, IL
For Sale

$399,000
Property

VacantLand
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Corporate Hill IV

250 Wilson Bridge Rd. W, Worthington, OH
For Lease

$10.00/SF/YR
Property

Office

90,014 SF
Availability

8 Spaces

26,108 SF
Year Built

2000
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