On average, listings lease in the $20's per square foot per year. The Glen Allen submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 25 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available leases in the Glen Allen are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,510 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 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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