On average, listings lease in the $20's per square foot per year. The Richmond region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Richmond market, the Richmond region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 68 listings have come on the market, so you'll want to check back regularly for new listings. About 82% of the available leases in the Richmond 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 region are close to 2 floors. Most buildings in this market were built in 1954 and are Class B.