On average, listings lease in the $20's per square foot per year. The Glen Allen submarket is going through a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 25 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Glen Allen are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 12,300 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 2001 and are Class A.
Real time and historical data on commercial real estate listings in Glen Allen.
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