Retail in Columbus, OH — Lease in Columbus, OH

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Columbus, OH 43215

Photos

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Description

CREATE A DOWNTOWN DESTINATION 241-253 Spring St is a single-story commercial space and was formerly the home to Central Ohio Welding, a steel fabrication and machine shop. The Landlord, Hackman Capital Partners, has white-boxed the interior; conceptual renderings illustrate the building’s ultimate potential.

Market Context

This retail in Columbus, OH is listed for lease. Compare it against other retail listings for lease in Columbus, OH — view the full market.

As of Q1 2026, the Columbus retail market showed a 3.3% vacancy rate, average asking rents near $20.87/SF/yr, rents up 5.4% year over year, and cap rates around 8.3%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Columbus?
About 8.3% as of Q1 2026, per Matthews.
Is the Columbus retail market tightening or softening?
Vacancy is around 3.3%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.59/SF/mo – $2.24/SF/mo

Mid: $1.91/SF/mo

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