The typical asking rate per listing is in the $30's per square foot per year. The Stony Point region is experiencing a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 92% increase in rent.
Compared to the rest of the Richmond market, the Stony Point submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 55 listings have been made available, so you'll want to check back regularly for new listings. About 13% of the listings in the Stony Point are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,220 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 2003 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Stony Point folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Stony Point.
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