Most listings are in the $30's per square foot per year. The Chickahominy region is going through a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 31% decrease in rent.
Compared to the rest of the Fairfield market, the Chickahominy submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 35 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Chickahominy are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,100 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the residents of Chickahominy work from home. Commuting close to an hour and a half 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 Chickahominy.
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