Understanding Commercial Lease Financial Terms: Base Rent to Percentage Rent
A complete reference for commercial lease financial terms. Covers base rent, escalations, NNN vs gross, TI allowances, and percentage rent with examples.
Columbus is a growing tech and retail hub anchored by Ohio State University, Limited Brands, and a burgeoning tech scene. The Short North, Arena District, and suburban New Albany corridors are active. Intel's semiconductor megasite in New Albany is transforming the industrial market.
By Angel Campa, Founder · Updated March 2026
Commercial Space
60M sq ft
Avg Office Rent
$20–$32/sq ft
Vacancy Rate
18%
Avg Lease Term
5–10 years
Columbus office leases are Modified Gross or NNN. Industrial around the Intel campus is NNN with significant rent growth. Retail in Easton Town Center and Short North uses NNN with percentage rent.
Ohio Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Ohio →
Intel's New Albany semiconductor campus is driving significant industrial rent growth in Central Ohio. Industrial NNN leases in this corridor have seen above-average escalation provisions that require careful abstraction.
A complete reference for commercial lease financial terms. Covers base rent, escalations, NNN vs gross, TI allowances, and percentage rent with examples.
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