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Office Building with Interstate Access
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550 Polaris Pkwy, Westerville, OH 43082

Westar II office building offers convenient access to Interstates 71 and 270 within the Polaris area.

Space SizeContact for details
Days on Market75

Property Features for 550 Polaris Pkwy

General Information

Standard status Active
Property subtype OFFICE

Additional Details

Highway Access Yes

Spaces For Lease

at 550 Polaris Pkwy Contact us

Westar II $18/SF/Yr

Contact us
Listing Agency: Colliers | Columbus
Listed By: Andrew Jameson, SIOR, CCIM
Source: Moodyscre
Added: Jun 8 Changed: Jul 26 Last Checked: Aug 20 at 11:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Columbus

Investment Insights

Based on property information with market context.

Westar II at 550 Polaris Pkwy is an office building offering quality office space within a campus setting. The property is described as having on-site and nearby amenities to support day-to-day business needs.

The building is located in the heart of Polaris and provides convenient access and multiple outlets to Interstates 71 and 270. It is also stated to be minutes from Polaris Fashion Place, as well as nearby hotels and restaurants.

For tenants looking for well-connected office space in the Polaris area of Westerville, Westar II is positioned for easy regional access and nearby conveniences.

Key Highlights

  • Westar II office building at 550 Polaris Parkway in the Polaris area of Columbus, Ohio
  • Convenient access to Interstates 71 and 270 via multiple outlets
  • Minutes from Polaris Fashion Place, hotels, and restaurants

Property Analytics

Current Use

Merilee Luka-Keller Williams ... Real Estate Agency Connie Farabaugh-Keller Williams ... Real Estate Agency D.R. Horton Columbus Construction Company The Orsatti Home Team Real Estate Agency Ashley A Kress - Keller ... Real Estate Agency

Suggested Use

Top Pick Auto Repair Shop Electrical Service Kitchen & Bath Showroom Parking Lot & Garage Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,436
Businesses Nearby

Demographics for 43082, OH

32,459
Population
12,915
Households
2.5
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
1,553
Density / Sq Mi
$147,188
Median Household Income
$73,670
Median Earnings
$1,696
Median Rent
$433,400
Median Home Value

Market

Lease Benchmarks for Westerville, OH

$13.29 /SF/Yr
Avg Asking Price
$10.5–$18 /SF/Yr
Price Range
40,788 SF
Avg Space Size

This space is priced 35% above the average of $13.29 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Westar II office building offers convenient access to Interstates 71 and 270 within the Polaris area.
Where is this office building located?
The property is located at 550 Polaris Pkwy Westerville, OH.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Westar II office building at 550 Polaris Parkway in the Polaris area of Columbus, Ohio; Convenient access to Interstates 71 and 270 via multiple outlets; Minutes from Polaris Fashion Place, hotels, and restaurants
(614) 206-6882 Call to check price and availability
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