On average, listings lease in the $20's per square foot per year. The Hanover County region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 230 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Hanover County are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1994 and are Class A.
Real time and historical data on commercial real estate listings in Hanover County.
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