The typical asking rate per listing is in the $10's per square foot per year. The Lynchburg region is seeing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 49% decrease in rent.
In the last 90 days, 121 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available leases in the Lynchburg are subleases, so you will probably have to consider a longer term 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 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1966 and are Class B.
Real time and historical data on commercial real estate listings in Lynchburg.
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