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The Columbus region, including Westerville, Ohio, is home to a variety of unique communities that are ideal for your business needs. These are the top 3 reasons you should rent your next commercial property in Westerville, OH.
1. Location, Location, Location
Westerville is one of the most centrally located cities in the Midwest. Located within 500 miles of over half of the populations in the U.S. and Canada, Westerville is also less than 200 miles from major cities like Cleveland, Cincinnati, Pittsburgh and Indianapolis.
It's ideally suited for commerce since it's only a 30-minute drive to every major metro area in the Columbus region. There are 4 convenient access points to Westerville – Polaris Parkway, South State Street, Sunbury Road and Cleveland Avenue. If you open up shop in Westerville, you'll be just 10 miles away from the Port Columbus International Airport.
2. Cost Savings
In Westerville, your business will have lower utility costs and faster response times because many utilities – water, electric and a high-speed network – are municipally owned and operated.
You'll also enjoy business-friendly tax rates when compared to other locations. The City of Westerville boasts a 2% income tax rate on a business' net profit, a lower tax rate than most communities in Ohio.
3. Improved Infrastructure and Educated Workforce
The Columbus region continues to expand, and infrastructure needs more attention than ever before. The City of Westerville and ODOT are working together to continually improve traffic pattern efficiency.
Westerville also boasts a nimble, technologically savvy, eager workforce to meet the needs of your contemporary business. The Columbus region is home to 59 colleges and universities with more than 136,000 enrolled students and 20,000 graduates each year.
In the heart of the city, you'll find Otterbein University, enabling your business to benefit from a pool of well-trained and diverse talent. And, just 15 miles away is Ohio State University, ranked #54 in the nation.
Also, there are 35 career and technical schools in the Columbus region, a huge manufacturing community that needs such skilled labor. Westerville itself is home to Hondros College and Bohecker College-Columbus, with programs ranging from nursing to medical business administration.
DRK and Company proudly offers commercial properties for rent in Westerville. Check out 110 Polaris Parkway today. This professionally maintained property is just minutes from I-70 and can accommodate professional offices of all kinds, including legal, financial, creative and medical. The surrounding Polaris market includes restaurants, banking, hotels and fitness, making the location ideal. Lease now before construction is completed and prices rise!
For a personal showing, contact us online or call us directly at 614-540-2404 to speak with a leasing agent.
DRK and Company is pleased to offer 4700 Lakehurst Court for lease to Columbus- and Dublin-area businesses.
"The property at 4700 Lakehurst Court is a professional office building, and we're offering the full second floor for lease," says Jim Bain, the DRK commercial real estate agent representing the listing.
DRK and Company is offering, as we always do, build-to-suit arrangements to customize the design and layout of the space, and will happily parcel the space to suit your operational needs and budget. "Though the entire second floor is available, we can lease anywhere from 1,400 square feet to 25,000 square feet," says Bain.
"The space is ideal for a variety of professional-services businesses, such as law practices, accounting firms and marketing agencies," he added. "Many professional businesses occupy the first floor of the building, so a lot of the technical infrastructure is already set up, including phone and internet lines."
The property at 4700 Lakehurst Court is located in the Dublin submarket, but offers a Columbus address, making it an ideal location for those doing business in the Columbus market. It offers easy access to I-270 and the Dublin, Ohio and Hilliard, Ohio areas, and is also close to the Tuttle Mall.
Building features include a pristine entrance, professionally landscaped exterior and contemporary design elements. Tenants have secure keycard access and an elevator for employee and guest convenience.
The owner is offering a gross lease, where you'll enjoy fixed rent and don't need to worry about operational costs. With this type of lease, you can easily forecast expenses and concentrate on growing your business.
For more information on leasing 4700 Lakehurst Court in Columbus, contact Jim Bain at 614.540.2404 with DRK and Company today!
Mild temperatures make fall the perfect time of year to conduct a thorough review of your commercial property. A few preventative maintenance steps can help you avoid unexpected repair costs that might become a bigger emergency in extreme winter weather.
Here are 5 easy steps to prepare your commercial building for winter:
1. Fully inspect the roof.
Your roof provides unparalleled protection to many of your systems and building infrastructure. Even small leaks can turn into major, costly issues if not promptly addressed. Ensure a professional roofer carefully inspects exposed surfaces and drainage systems, particularly if it's been a while since routine maintenance was last performed.
2. Check the HVAC.
Ensure all your freeze protection systems are reliably and properly powered. Valves are often affected by the extreme heat of the Columbus summers, which can result in faulty operations and leaks when winter sets in. Go through each heated and chilled water system to pinpoint small problems before they become big ones.
3. Maintain the mechanical and plumbing systems.
Ensure freeze stats are set at correct temperatures and heating systems are properly operating. Have leaky valves, damaged actuators and linkages repaired. While tedious, an routine audit helps you locate and correct problems before an emergency occurs.
4. Inspect the insulation.
Even small breaches in insulation can lead to big problems, like high operating costs. Review each insulated system for damage or missing protection, and make necessary repairs. Consider the climate and exposure to the elements when determining the best level of insulation for your commercial property.
5. Don't set it and forget it!
Monitor how your commercial building responds to season changes over time. Consistent data collection enables you to identify when systems don't operate as intended. In winter months, for instance, your HVAC system might labor to bring the building to a comfortable temperature.
To minimize energy consumption, adjust the set-back temperature or identify over-performing heating elements.
Don't know where to start? DRK and Company in Columbus, OH, offers facility maintenance services to keep things running smoothly in your commercial property. We have been serving Columbus for more than 40 years with commercial property management. Preserve and improve the value of your real estate investment by contacting DRK and Company today at 614.540.2404.
Whether you're a new entrepreneur looking for your first office space or a seasoned executive looking to expand your growing company, it's always in your best interest to use a tenant representative when searching for commercial real estate and negotiating the terms of your lease.
Tenant Reps work with commercial buyers just like a buyer's agent in a residential transaction. If you're considering going it alone for your next commercial lease, here are the top 3 reasons why you need to get a broker ASAP:
- Market Expert
Finding commercial property is only part of what a tenant rep can do for you. Knowing which deals are good – and which aren't – is also an important part of the process. Tenant brokers are market experts, and they have a good sense of fair-market pricing. They also know which lease varieties are common in the area and can advise whether or not a proposed offer is reasonable.
2. Negotiating Expert
Often, commercial real estate negotiations are long and complicated. They usually involve both business and legal points. Plus, the multiple business terms in your proposed lease might make it hard to track the deal and tell if you're coming out ahead or behind. Tenant representatives make a career out of skilled negotiations and manage the leasing process for you.
Tenant Reps also send RFPs to landlords/owners requesting amenities, terms, conditions, allowances, etc. on your behalf.
3. Process Expert
Tenant representatives are not only market and negotiating experts, they are skilled in managing the entire leasing process across multiple disciplines, including architecture, real estate law, and financial analysis. Your tenant rep has knowledge in these areas and the best connections to local experts who can assist with your transaction. Tenant reps also coordinate and manage the team of professionals involved in the leasing process.
At DRK and Company, our skilled tenant representatives will take the time to understand your goals, how you'll utilize your new office space, and how your new real estate fits into your overall business objectives. Our consultants negotiate lease terms for you and pride themselves on sound business management.
Find out how a DRK tenant rep can help you expand your business. Contact an agent today at 614.540.2404.
"The City of Columbus has helped our company immensely with job creation tax credits (which have allowed us to create more jobs), insight and feedback," says small business owner Tanisha Robinson. "I can't think of a better place for entrepreneurs than Columbus."
Are you considering launching a new business? Are you expanding or relocating an existing one? The City of Columbus has several programs consisting of a mix of federal, state and Franklin County tax incentives, and loans and grants, which can provide gap funding/assistance in realizing your dream.
Businesses in the Columbus metropolitan area benefit from:
- No personal property tax
- No inventory tax
- No state corporate income tax
Tax Incentive Programs
Several programs are available to assist new and existing businesses complete commercial, industrial, office and residential development projects. These incentives include:
- Job Creation Tax Credit – This refundable tax credit is given to companies that create at least 10 new jobs within 3 years. The credit is applied toward the company's commercial activity tax liability.
- Ohio Community Reinvestment Areas – This program provides qualifying companies with an exemption of up to 100% of improvement value for up to 15 years on property taxes. It's designed to offer real estate tax abatements on the increased value of real property improvements. Today, this program is used as an economic development tool to help businesses in expansion.
- Ohio Enterprise Zone Program – This program gives real property tax incentives for businesses that expand in or relocate to Ohio. The Enterprise Zone Program helps stimulate economic development and allows Columbus to offer competitive business recruitment packages to prospective businesses. Certain qualifying businesses might be eligible for additional benefits, too.
Columbus offers businesses a variety of loans that can assist area companies as they grow and create jobs in Ohio. Some loan programs include:
- Research and Development Investment Loan – This fund provides loan financing between $500,000 and $5 million to Ohio businesses for projects research and development activity projects.
- 166 Direct Loan – This loan provides money for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses.
Innovation Ohio Loan Fund – This fund was created to assist existing Columbus, OH, companies in developing next-generation services and products. It's good for acquisition, construction, and related capital costs of technology, facilities and equipment purchases.
The State of Ohio also offers Columbus businesses grants to promote economic development, business expansion and job creation. Some available grants include:
- JobsOhio Economic Development Grant – This grant provides funding for businesses that create new jobs.
- Roadwork Development – These funds are allocated for public roadway improvements, including engineering and design costs. Projects typically involve manufacturing, research and development, high technology, corporate headquarters and distribution activity. To qualify, the business must create or retain jobs.
Additional incentives might be available at the municipality or Franklin County level. These incentives include:
- Performance-based incentives or job-growth incentives
- Additional workforce training assistance
- Loan programs
The City of Columbus is committed to ensuring your success – the city cannot be successful without entrepreneurs like you. If you're looking for real estate to start your business in Columbus, the experts at DRK Realtors can help. Contact us today.