Commercial Lease Cost in Ohio
Updated July 2026 · Ohio commercial real estate rates
Calculate Commercial Lease Cost in Ohio
Commercial Lease Rates in Ohio
| Space Type | /sqft/yr | 1,000 sqft/mo | National |
|---|---|---|---|
| Office A | $58.80 | $4,900 | $60/sqft |
| Office B | $27.44 | $2,287 | $28/sqft |
| Retail Prime | $34.30 | $2,858 | $35/sqft |
| Retail Secondary | $17.64 | $1,470 | $18/sqft |
| Warehouse | $11.76 | $980 | $12/sqft |
| Industrial | $9.80 | $817 | $10/sqft |
Commercial Real Estate in Ohio
Ohio commercial lease rates are among the most affordable in the Midwest. Columbus Class A office runs $22–$35/sqft/yr as the state's fastest-growing market. Cleveland and Cincinnati offer comparable rates with strong sublease options. Ohio's industrial and warehouse market has grown significantly — logistics space near the I-70/I-71 corridor runs $6–$10/sqft/yr.
Key Lease Terms to Understand
- • NNN: Tenant pays base rent + property taxes + insurance + maintenance
- • CAM charges: Common area maintenance; add $3–$8/sqft/yr typically
- • Rent escalations: Typically 2–4% annually built into lease
- • TI allowance: Tenant improvement allowance from landlord for build-out
- • Personal guarantee: Landlords often require for small businesses
Negotiation Tips
- • Get a tenant's broker — they're paid by the landlord, not you
- • Negotiate free rent periods (1–3 months is common in soft markets)
- • Push for higher TI allowance vs. lower rent
- • Include a subletting clause for flexibility
True Total Occupancy Cost in Ohio — NNN Lease
NNN leases list only base rent — but total occupancy cost includes CAM charges, utilities, and insurance. Here's the real annual cost for 1,000 sqft in Ohio.
| Space Type | Base Rent/yr | +CAM/yr | Total/yr |
|---|---|---|---|
| Office A | $58,800 | +$4,900 | $63,700 |
| Office B | $27,440 | +$4,900 | $32,340 |
| Retail Prime | $34,300 | +$3,920 | $38,220 |
| Retail Secondary | $17,640 | +$3,920 | $21,560 |
| Warehouse | $11,760 | +$1,470 | $13,230 |
| Industrial | $9,800 | +$1,470 | $11,270 |
Based on 1,000 sqft. CAM includes property tax, insurance, and maintenance pass-throughs. 3-year total assumes 3.5% annual escalation. Add utilities ($1.50–$3.50/sqft/yr) for full occupancy cost.
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